Banking and Lending
Dave Metzgar, the founder and leader of Stamford-based First County Bank’s wealth management division, will retire next month, and Charles B. Carroll Jr. will take over as the new leader.
Seven of 10 industry supersectors that make up the state economy showed growth
Mortgage lender Guaranteed Rate has created two new roles to advance its diversity, equity and inclusion efforts.
Federal Reserve Chair Jerome Powell on Wednesday defended the Fed’s increasing scrutiny of the threat that climate change could pose to the health of the nation’s banks.
Connecticut employers could soon be prevented from asking for a job applicant’s date of birth, school graduation or school attendance dates, under a bill that unanimously cleared the state Senate on Wednesday.
Analyst and author Karen Petrou questions the unintended consequences of the Federal Reserve’s monetary and regulatory policies on the American economy, financial system and workers.
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders.
Bethel-based Consolidated Controls Corp. Federal Credit Union has merged into Shelton-based Mutual Security Credit Union, with the transaction completed on April 1.
Ion Bank’s charitable foundation has awarded $70,025 in grants to 201 nonprofit organizations as part of its Community Awards Program.
The Connecticut Housing Finance Authority has relaunched its mobile manufactured home purchase loan program, and added a refinance loan option, as well.
Avon-based Norcom Mortgage has hired Eric Ouellette as a mortgage loan originator.
Connecticut lawmakers on Tuesday advanced Gov. Ned Lamont’s proposal to legalize recreational marijuana, but promised more changes to the bill.
The Consumer Financial Protection Bureau said Monday it is considering new rules aimed at averting a wave of foreclosures later this year when millions of homeowners are no longer allowed to put off making their mortgage payments.
Essex Savings Bank has hired Glenn Campbell as its senior vice president and chief lending officer, filling a role that will be vacated when Diane Arnold becomes the bank’s next leader.
The New England Council, a business-minded organization that maintains close ties to members of Congress from the six northeast states, last week voiced its support for federal legislation to protect banks working with state-legal marijuana companies from federal regulatory penalties.
NBT Bank has received regulatory approval to open its Glastonbury branch, moving the Norwich, New York-based bank closer to launching its first retail location in Connecticut.
The Consumer Financial Protection Bureau on Wednesday rescinded seven policies that had been issued in 2020 to provide financial institutions with temporary flexibilities during the pandemic.
Laurel Road, a brand of KeyBank, has launched a digital bank for physicians and dentists.
A key legislative committee on Wednesday advanced Democratic Gov. Ned Lamont’s effort to have Connecticut formally adopt the regional Transportation and Climate Initiative Program.
With hopes rising for a powerful rebound in hiring this year, Friday’s jobs report for March will provide crucial insight into whether those rosy expectations may prove true.