Electrical Contractor Sentenced for Stealing $3.3M from Employees
A Farmington electrical contractor will spend 20 months in prison followed by a year of supervised release for stealing $3.3 million from his employees.
Berkshire Bank Names Regional Presidents
Berkshire Bank has created the role of regional president for each of its markets and promoted eight executives to lead the regions.
CT Housing Starts Up 34 Percent in 2019
The construction industry is poised for a banner year in 2020 with permits for new housing issued in 2019 up 34 percent from the year before.
Realogy Launches New CRM for Coldwell Banker, Other Agents
Real estate firm Realogy plans to roll out a new, mobile-optimized customer relationship management system and app for its 300,000 agents nationwide, which the company says will help agents collaborate better with their clients. The company is piloting the software,...
Fed Seems Content with Low Rates but Confronts Challenges
For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon.
Tax Deal Launches Transformative $14M Project in Ansonia
Downtown Ansonia could soon shed its image as a local leader in distressed industrial real estate thanks to a $14 million multifamily project planned by Berne, New York-based Shaw Growth Ventures.
Rosemary Briglia Named Thomaston Savings COO
Thomaston Savings Bank has named Rosemary Briglia as executive vice president and chief operating officer following the retirement of former COO, Jim Nichol.
KeyBank Names New Commercial Lending Leader
As part of its planned expansion of commercial banking talent and resources across the Northeast, KeyBank announced today that Matthew E. Hummel has joined the bank in the newly created position of commercial banking team leader, reporting to Market President James Barger.
New Associate Joins Pearce Real Estate
Kayla Law has joined North Haven-based Pearce Real Estate as a residential sales associate in the firm’s New Haven office.
The Big Lesson from the Bezos Hack: Anyone Can Be a Target
As the cost of hacking falls while opportunities to dig into peoples’ online lives multiply, more and more people are likely to end up as targets, even if they’re not the richest individuals in the world, experts say.
Texas Developer to Start Work on 230-Unit New Haven Project in February
Texas-based multifamily developer Hines plans to kick off construction on a 230-unit project in New Haven’s Wooster Square next month.
Smith to Retire as Webster Chairman, Succeeded by Ciulla
After more than four decades at the institution founded by his father, former Webster Bank CEO and current Chairman James Smith will retire in April.
Connecticut Lawmakers to Revisit Legal Pot in New Session
Connecticut lawmakers will revisit whether to allow recreational use of marijuana among people 21 and over in the new legislative session, but it remains questionable whether 2020 will be the year a bill clears the full General Assembly.
Hartford Insurtech Hires New Head of Sales
Hartford-based Covr Financial Technologies announced that Jim Gothers has been appointed as head of national sales for its financial institution business.
OCC: Ex-Wells Fargo CEO Barred from Working in Banking Again
Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank’s sales practices scandal. Stumpf also accepted a lifetime ban from the banking industry.
Norwalk Apartment Complex Sells for $68.5M
A Norwalk apartment complex next to the Merritt 7 office development has sold for $68.5 million, according to a deed filed with the Norwalk City Clerk’s Office.
People’s United Sells Warehouse Lending Portfolio to Massachusetts Bank
Bridgeport-based People’s United Bank has sold United Bank’s legacy ResX Warehouse Lending portfolio to The Provident Bank in a transaction completed on Jan. 17.
New App Promises Comprehensive Resource for First-Time, First-Gen. Buyers
A company founded by a pair of housing nonprofits has launched what they say is the country’s first independent app dedicated to helping first-time and first-generation homebuyers navigate through the entire homeownership journey.
Official: Hubs of Innovation Crucial to Economic Revival
A new economic action plan will be rolled out in Connecticut that will include incentives to attract employers to its cities and promote the growth of women-and-minority-owned businesses, according to a top state official.
Trump Aims to Remove Waterway Protections, Aiding Developers
The Trump administration appears ready to move ahead with its plan to remove protections for some of the nation’s millions of miles of streams, wetlands and arroyos, completing one of its most far-reaching environmental rollbacks.
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