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Banking and Lending

Two SVPs Move from Farmington to Ion

Two senior vice presidents, both former employees of Farmington Bank, have been hired by Naugatuck-based Ion Bank in the cash management and commercial lending departments.

A Credit Union for Farmers

A Credit Union for Farmers

A group of local stakeholders is launching the first credit union in the country to lend exclusively to farmers and food entrepreneurs. Maine Harvest Credit Union is seeking a state charter in order to provide specialized loans and mortgages to boost Maine’s growing agricultural economy, which consists of over 8,000 farms, $3.8 billion in sales and 24,000 jobs.