Banking and Lending
Berkshire Bank Names Regional Presidents
By Diane McLaughlin | January 28, 2020 | Reprints | Unlock Link
Berkshire Bank has created the role of regional president for each of its markets and promoted eight executives to lead the regions.
Fed Seems Content with Low Rates but Confronts Challenges
By The Associated Press | January 28, 2020 | ReprintsFor 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.
Rosemary Briglia Named Thomaston Savings COO
By The Commercial Record | January 27, 2020 | Reprints | Unlock LinkThomaston 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
January 27, 2020 | Reprints | Unlock LinkAs 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.
The Big Lesson from the Bezos Hack: Anyone Can Be a Target
By The Associated Press | January 27, 2020 | Reprints | Unlock LinkAs 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.
Smith to Retire as Webster Chairman, Succeeded by Ciulla
By Diane McLaughlin | January 24, 2020 | Reprints | Unlock LinkAfter 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
By The Associated Press | January 24, 2020 | Reprints | Unlock LinkConnecticut 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
January 24, 2020 | Reprints | Unlock LinkHartford-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
By The Associated Press | January 24, 2020 | Reprints | Unlock LinkFederal 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.
People’s United Sells Warehouse Lending Portfolio to Massachusetts Bank
By The Commercial Record | January 23, 2020 | Reprints | Unlock LinkBridgeport-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.
Official: Hubs of Innovation Crucial to Economic Revival
By The Associated Press | January 23, 2020 | Reprints | Unlock LinkA 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.
Former United Bank Execs Join Liberty Bank
By The Commercial Record | January 21, 2020 | Reprints | Unlock LinkMiddletown-based Liberty Bank has added three commercial bankers to expand the bank’s market presence in Connecticut and enhance its credit risk function.
Green Bank Offers Freer Electric Car Chargers for Commercial Buildings
January 21, 2020 | Reprints | Unlock LinkCommercial landlords looking for financing to upgrade the energy efficiency of their buildings now have an extra reward on offer for doing so.
Metro-North On-Time Performance Rises to Six Year High in 2019
January 21, 2020 | Reprints | Unlock LinkMTA 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.
Central Banks Join to Study Possible Digital Currencies
By The Associated Press | January 21, 2020 | Reprints | Unlock LinkMajor 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.
Amid Mergers, People’s United Income Grew $52.3M in 2019
By Diane McLaughlin | January 20, 2020 | Reprints | Unlock LinkFollowing 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.
Hartford Line Train Passes 1M Riders
January 16, 2020 | Reprints | Unlock LinkThe state’s 18-month-old commuter rail line has already broke the 1 million-rider mark, Gov. Ned Lamont said.
CT Banker Accused of Killing Hotel Worker Sues Resort
By The Associated Press | January 16, 2020 | Reprints | Unlock LinkA 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.
A Big Bank that Wants to Feel Small
By Diane McLaughlin | January 16, 2020 | Reprints | Unlock LinkAs 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.
Environment Suddenly a Key Concern for Investors, People’s United Exec Says
By Diane McLaughlin | January 15, 2020 | Reprints | Unlock LinkEnvironmental, 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.
Advertisement
