Banking and Lending
Leadership Change at First County Advisors
April 16, 2021 | Reprints | Unlock Link
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.
State Unemployment Rate Drops Again as Many Industries Grow
April 16, 2021 | Reprints | Unlock LinkSeven of 10 industry supersectors that make up the state economy showed growth
Guaranteed Rate Creates Two DEI Roles
April 15, 2021 | Reprints | Unlock LinkMortgage lender Guaranteed Rate has created two new roles to advance its diversity, equity and inclusion efforts.
Powell Defends Fed’s Consideration of Climate Change Risk
By The Associated Press | April 15, 2021 | ReprintsFederal 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.
Bill Barring Birth Dates on Job Applications clears Senate
By The Associated Press | April 15, 2021 | Reprints | Unlock LinkConnecticut 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.
Does the Fed Contribute to Inequality?
By Diane McLaughlin | April 15, 2021 | Reprints | Unlock LinkAnalyst 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 Resort Towns Flourish, Lending Tightens
By Lew Sichelman | April 15, 2021 | Reprints | Unlock LinkAs 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.
Mutual Security Credit Union Completes Acquisition
By Diane McLaughlin | April 13, 2021 | Reprints | Unlock LinkBethel-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 Foundation Awards $70K in Grants
April 12, 2021 | Reprints | Unlock LinkIon Bank’s charitable foundation has awarded $70,025 in grants to 201 nonprofit organizations as part of its Community Awards Program.
CHFA Relaunches Mobile Home Purchase Loan Program
April 12, 2021 | Reprints | Unlock LinkThe Connecticut Housing Finance Authority has relaunched its mobile manufactured home purchase loan program, and added a refinance loan option, as well.
Norcom Mortgage Hires Ouellette As Loan Originator
April 9, 2021 | Reprints | Unlock LinkAvon-based Norcom Mortgage has hired Eric Ouellette as a mortgage loan originator.
Lawmakers Advance Legal Pot Bill
By The Associated Press | April 7, 2021 | Reprints | Unlock LinkConnecticut lawmakers on Tuesday advanced Gov. Ned Lamont’s proposal to legalize recreational marijuana, but promised more changes to the bill.
CFPB Seeks No Foreclosures This Year
By The Associated Press | April 6, 2021 | Reprints | Unlock LinkThe 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.
Campbell Joins Essex Savings Bank As Chief Lending Officer
April 6, 2021 | Reprints | Unlock LinkEssex 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.
N.E. Council Backs Bank Protections for Pot Industry
By State House News Service | April 6, 2021 | Reprints | Unlock LinkThe 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 Receives Approval for New Branch
April 5, 2021 | Reprints | Unlock LinkNBT 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.
CFPB Rescinds Policies that Provided Flexibility for Lenders
April 2, 2021 | Reprints | Unlock LinkThe 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.
KeyBank, Laurel Road Launch Digital Bank for Doctors
April 2, 2021 | Reprints | Unlock LinkLaurel Road, a brand of KeyBank, has launched a digital bank for physicians and dentists.
Panel Advances Lamont’s Bill to Join Regional Climate Pact
By The Associated Press | April 1, 2021 | Reprints | Unlock LinkA key legislative committee on Wednesday advanced Democratic Gov. Ned Lamont’s effort to have Connecticut formally adopt the regional Transportation and Climate Initiative Program.
Hope Builds for Hiring Boom
By The Associated Press | April 1, 2021 | Reprints | Unlock LinkWith 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.
Advertisement
