Banking and Lending
Berkshire Bank has created the role of regional president for each of its markets and promoted eight executives to lead the regions.
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.
Thomaston Savings Bank has named Rosemary Briglia as executive vice president and chief operating officer following the retirement of former COO, Jim Nichol.
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.
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.
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 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-based Covr Financial Technologies announced that Jim Gothers has been appointed as head of national sales for its financial institution business.
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.
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.
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.
Middletown-based Liberty Bank has added three commercial bankers to expand the bank’s market presence in Connecticut and enhance its credit risk function.
Commercial landlords looking for financing to upgrade the energy efficiency of their buildings now have an extra reward on offer for doing so.
MTA Metro-North announced that its on-time performance increased 4.3 percentage points in 2019, rising to 94.4 percent, the best performance in six years.
Major central banks have joined together to explore whether they should issue cryptocurrencies as the use of cash declines and more people turn to electronic forms of paying.
Following a year that included the acquisitions of United Bank and Belmont Savings Bank, Bridgeport, Connecticut-based People’s United Bank reported net income for 2019 of $520.4 million.
The state’s 18-month-old commuter rail line has already broke the 1 million-rider mark, Gov. Ned Lamont said.
A Darien man charged with killing a hotel worker he says attacked his family on the Caribbean island of Anguilla has filed a negligence lawsuit against the resort company that operates the hotel.
As a regional bank with offices in 16 states and $145 billion in assets, KeyBank might seem more like a big institution than a community bank. To fight that perception, the bank has deployed a range of services and tools that are aimed at helping communities thrive.
Environmental, social and corporate governance topics have become key concerns for investors and donors, said John Traynor, the executive vice president and chief investment officer at People’s United Bank, a concern that he has recently seen gaining momentum.