Banking and Lending
Largest Private Shareholder in United Bank Slams Planned Acquisition
July 23, 2019 | ReprintsThe largest private shareholder of United Financial Bancorp stock is criticizing the planned acquisition of the company by People’s United Bank and urging fellow shareholders to oppose it.
Webster Bank’s HSA Business Collects Major Victories in Q2
By Bram Berkowitz | July 22, 2019 | Reprints | Unlock Link
Webster Bank scored key wins for its Health Savings Account Bank division by expanding its relationship with a key partner and with a major lobbying win in Washington D.C.
Credit Union League of Connecticut Hires Political Veteran as Next President and CEO
July 22, 2019 | Reprints | Unlock LinkThe Credit Union League of Connecticut has tapped a state politics veteran to run the organization.
Groundbreaking Held for New Transportation Center at Bradley Airport
By The Associated Press | July 22, 2019 | Reprints | Unlock LinkBradley International Airport in Connecticut has broken ground on a $210 million transportation center, promised to be a “huge customer service improvement.”
Despite Partial CECL Delay, Industry Trade Groups Still Seek Further Study
By Bram Berkowitz | July 19, 2019 | Reprints | Unlock LinkMany banks and credit unions will have additional time to prepare for the new Current Expected Credit Loss accounting system after the Financial Accounting Standards Board recently voted to delay implementation for a select group.
Hartford Among Top 10 Fastest-Growing Pools of Tech Talent
July 18, 2019 | Reprints | Unlock LinkHartford has the 10th-fastest-growing pools of tech talent in the country, according to a new report from commercial real estate brokerage CBRE.
HELOCs Could Be Huge Advantage for Lenders if They Can Increase Awareness
July 18, 2019 | Reprints | Unlock LinkHome equity lines of credit could be a major opportunity for lenders in coming years because many homeowners simply don’t know what they are.
Lamont Gets Toll Encouragement from Fellow Governors
By The Associated Press | July 18, 2019 | Reprints | Unlock LinkGov. Ned Lamont got a pep-talk on tolls from the leaders of Connecticut’s neighbors at a private lunch yesterday, urging him to not give up on his proposal to enact tolls on the state’s highways.
‘Fintech Village’ Project Set to Be Unveiled Friday
By Steve Adams | Commercial Record Staff | July 18, 2019 | Reprints | Unlock LinkA New York financial services firm’s blueprint to transform the 58-acre former University of Connecticut campus in West Hartford is set to be revealed on Friday, after resolving a financial dispute over the costs of environmental cleanup.
People’s United Expects Branch Consolidation and Employee Reductions from United Bank Purchase
By Bram Berkowitz | July 16, 2019 | Reprints | Unlock LinkMost of the cost savings that People’s United will achieve when it completes its purchase of Hartford-based United Bank will be through staff and branch reductions.
Berkshire Bank Taps Longtime Community Organizer for New Role
July 16, 2019 | Reprints | Unlock LinkBerkshire Bank has solidified “its commitment to deepening relationships with the communities [it serves]” by hiring longtime community organizer and activist Malia Lazu as its new chief experience and culture officer and executive vice president.
People’s United to Purchase United Bank Parent in $759M Deal
By Bram Berkowitz | July 15, 2019 | Reprints | Unlock LinkPeople’s United Bank will cross the $50 billion asset threshold with its third bank purchase in a little more than a year.
KeyBank Realigns Boston, Connecticut and Western Mass. Markets Under New Leadership
July 15, 2019 | Reprints | Unlock LinkKeyBank will align its Boston commercial banking market with its Connecticut and Greater Springfield presence to form the Connecticut/Massachusetts Market.
Former CULC CEO to Launch Human Capital Consulting Firm
July 15, 2019 | Reprints | Unlock LinkThe former CEO of the Credit Union League of Connecticut has launched her own consulting firm in an effort to help the industry better compete in the war for talent.
Property Preservationist Pleads Guilty in $10M Fraud Scheme
July 12, 2019 | Reprints | Unlock LinkA former East Greenwich, Rhode Island businesswoman admitted yesterday in federal court to utilizing her business and business contacts, including family members, friends and business associates, to operate a $10.3 million Ponzi scheme.
Investment Shops Piper Jaffray and Sandler O’Nell + Partners to Merge
July 11, 2019 | Reprints | Unlock LinkTwo well known investment banks that frequently work with community banks in New England on M&A and capital raising are merging.
360 Federal CU Opens New Branch in Vernon
July 11, 2019 | Reprints | Unlock LinkWindsor-based 360 Federal Credit Union is opening its fourth branch.
University of New Haven Granted $4M for Cybersecurity Scholarships
July 11, 2019 | Reprints | Unlock LinkThe University of New Haven received a $4 million National Science Foundation grant to create Connecticut’s first CyberCorps Scholarship for Service program.
Lenders Lean On Reputation in Face of Mortgage Contraction
By Bram Berkowitz | July 11, 2019 | Reprints | Unlock LinkDespite a contracting mortgage market, some leading providers of loans guaranteed by the U.S. Department of Veteran Affairs and Federal Housing Administration managed to retain their positions in these categories, according to a new report from The Warren Group, publisher of The Commercial Record.
Bridgeport Woman Admits to Credit Card Fraud Scheme
July 10, 2019 | Reprints | Unlock LinkA Bridgeport woman waived her right to be indicted and pleaded guilty yesterday to one count of mail fraud related to a credit card fraud scheme.
