Diane Arnold Named Essex Savings’ Next Leader
Essex Savings Bank’s longtime leader, Gregory Shook, will retire this summer, and Diane Arnold will take over as president and CEO.
Hartford Apartments Sell for $9.57M
A 139-unit apartment building in Hartford has sold for $9.57 million after selling for much less than that five years ago.
Biden Promises Extension of Eviction Freeze, Rent Relief
President-elect Joe Biden unveiled a $1.9 trillion coronavirus plan Thursday to end “a crisis of deep human suffering” by speeding up vaccines and pumping out financial help to those struggling with the pandemic’s prolonged economic fallout.
Report: Hartford Wants Developer for City-Owned Land
The city of Hartford is seeking redevelopment proposals for several parcels of municipally-owned land just north of downtown.
Record Earnings for JPMorgan Chase Thanks to Reserve Release
While positive developments with the pandemic led JPMorgan Chase to release funds from its credit reserves, leading to record profits in the fourth quarter, the total credit reserves remain high.
PPP Reopens Tomorrow to Most Lenders
The Paycheck Protection Program loan portal will open to lenders with $1 billion in assets or less at 9 a.m. tomorrow, with the remaining lenders gaining access to the portal on Tuesday.
Brooks Steps Down from OCC, Finalizes Lending Rule
The Office of the Comptroller of the Currency this morning finalized a rule to prevent large banks from limiting their lending activities in certain industries, just hours after Acting Comptroller of the Currency Brian Brooks said he was leaving the agency.
Housing Advocates Call on Biden to Extend Eviction Ban
Housing advocates around the country staked out courthouses and held rallies Wednesday, calling on the incoming Biden administration to extend and strengthen the current federal ban on evictions.
Lenders Expect Less Chaos as PPP Resumes
With another round of the Paycheck Protection Program starting this week, lenders will have to manage the process for new loans while still getting through last year’s forgiveness applications.
New Owner of Fairfield Property ‘Committed to Suburban Office’
Davis Marcus Partners has sold a boutique office building at 2150 Post Road in Fairfield to an investor making its third Connecticut acquisition.
Torrington Savings Bank Awards $100K in Grants
The Torrington Savings Bank’s charitable foundation has awarded more than $100,000 in grants during their annual fall grant cycle.
Report: Stamford Town Center Loses Three More Stores
Stamford Town Center has lost another two national retailers with a third likely not far behind.
Distribution Center Planned in Meriden
Meriden officials are weighing a plan for a 163,000-square-foot distribution center on a parcel of open space once considered for a car auction business.
Target Continues to Thrive in Whirlwind Retail Environment
Target’s strong sales streak extended through a pandemic-shrouded holiday season after a hard push online and an increased effort to provide alternatives to customers who are trying to minimize risk.
Keane to Step Down as Synchrony CEO
Synchrony CEO Margaret Keane will step down in April after 10 years leading the Stamford-based financial company.
JCSB Foundation Donates $28K to 27 Service Organizations
The Jewett City Savings Bank Foundation has awarded $28,700 in grants to 27 emergency service organizations.
MBA Reports Drop in Loans in Forbearance
The Mortgage Bankers Association estimates 2.7 million homeowners nationwide are in forbearance plans.
Security Increased at State Capitol Amid Warnings
Connecticut law enforcement, including the police department that protects the Capitol complex in Hartford, are preparing for possible armed protests.
Westville Apartments Sold for $50M
A Westville apartment complex has been sold to a New Jersey investment firm for $50 million.
Survey Shows Community Banks Concerned about Regulations
While community bankers’ overall outlook on the economy has improved since the start of the pandemic, profitability and regulatory burden remain concerns for more than half of bankers.
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