Banking and Lending

Webster Bank Passes 2017 Dodd-Frank Stress Test

Webster Bank Passes 2017 Dodd-Frank Stress Test

The capital ratios of Webster Financial Corp. and its $26 billion asset subsidiary, Webster Bank, would exceed regulatory minimums during a severely adverse economic time period, according to the company’s latest Dodd-Frank stress test results.

Milford Bank Withdraws Branch Application

Milford Bank Withdraws Branch Application

Milford Bank has withdrawn its application to open a limited branch in Guilford, according to a recent notice from the Connecticut Department of Banking.

Guilford Savings Bank Completes $10.8M In Financing For Flanders Plaza

Guilford Savings Bank Completes $10.8M In Financing For Flanders Plaza

Guilford Savings Bank recently completed financing for the 60,000-square-foot Flanders Plaza Shopping Center in East Lyme. The plaza holds CVS, IGA Tri-Town Foods and other retailers and offices. Manhattan-based Developers Consolidated Realty LLC acquired the site. “Flanders Plaza fits perfectly into our acquisition criteria as an ‘Internet proof’ plaza in an affluent community,” Dan...
Salisbury Bank Names New CFO

Salisbury Bank Names New CFO

One day after announcing the resignation of CFO Donald E. White, Salisbury Bancorp Inc., the holding company for Salisbury Bank and Trust Co., has found its replacement.

Salisbury Bank CFO To Resign

Salisbury Bank CFO To Resign

The chief financial officer of Lakeville-based Salisbury Bank is leaving the company to pursue another career opportunity.

Nutmeg State FCU Plans New Branch In Stratford

Nutmeg State FCU Plans New Branch In Stratford

Nutmeg State Financial Credit Union has filed an application with the Connecticut Department of Banking to open its first full-service branch in Stratford at 250 Barnum Avenue Cutoff.