Banking and Lending
The parent company of Patriot Bank has appointed an industry veteran and former top regulatory official with the U.S. Small Business Administration to its board of directors.
Residents in Connecticut are paying some of the highest rates in the country for utilities.
One Romanian national was sentenced and two Romanian nationals plead guilty earlier this week in federal court in Boston in connection with an ATM skimming scheme operating throughout Massachusetts and other states including Connecticut, New York and South Carolina.
Torrington Municipal and Teachers Federal Credit Union and Consolidated Control Corp. Federal Credit Union recently received grants from the NCUA.
Elijah Chin, 28, of Federal Way, Washington, was sentenced earlier this week to 30 months of imprisonment, followed by two years of supervised release, for fraud and identity theft offenses stemming from a credit card fraud scheme. He was also ordered to pay full restitution.
While in college at the University of Pittsburgh, Robert Cerminaro wanted to become a professional baseball player. But after those dreams ended, he joined the big leagues of banking and didn’t look back.
It’s a common problem for retirees seeking to refinance or get a new mortgage: After their regular employment earnings stop flowing, their monthly incomes drop.
Growth at the parent company of New Canaan-based Bankwell Bank was minimal in the third quarter, as the company reported net income of $4.9 million, or $0.62 per share, compared to $4.3 million or $0.55 per share for the same period in 2017.
Single-family home and condominium sales in Connecticut decreased last month on a year-over-year basis as the median single-family home price reached a 10-year high, according to the latest report from The Warren Group, publisher of The Commercial Record.
Thomas Malone, 49, of New Haven, plead guilty yesterday in New Haven federal court to charges related to his embezzlement of approximately $1 million from a New Haven biotech company that receives federal research grants.
Rishi Malik, 46, of Fairfield, plead guilty today in New Haven federal court to charges related to role in a conspiracy to defraud the state of Connecticut of millions of dollars in taxes due on tobacco products imported into the state.
General Electric Co. slashed its quarterly dividend to a penny a share, said it would restructure its power unit and that it faced a deeper accounting probe as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.
E. Carol Hayles has joined the board of directors of Webster Bank and its parent company, Webster Financial Corp. She also has been appointed to the Audit and Risk committees of the boards.
Credit union membership is up 4.7 percent year over year – the fastest growth rate in the industry’s history, according to CUNA Mutual Group’s latest Credit Union Trends Report.
Small business owners are not exactly feeling the love from their banks.
A Connecticut mother of four who prosecutors say stole more than $70,000 from more than a dozen people in a series of identity thefts is scheduled to be sentenced.
Competitive pricing continued to slow growth at the parent company of Hartford-based United Bank in the third quarter of 2018.
Barton Stuck, 72, of Westport, plead guilty yesterday in New Haven federal court to multiple offenses stemming from an investment fraud scheme.
Union Savings Bank has added the South Street Elementary School to its USB Teachers’ Closet school supply program, the bank announced earlier this week.
The Connecticut States Colleges and Universities recently unveiled the first two of its new solar energy systems during a ribbon-cutting event at Manchester Community College.
- East Hartford Mortgage Lender to Terminate Expansion and Begin Layoffs
- Real Estate Agent Arrested After Leaving Young Girls in Hot Car
- Liberty Bank Prepares to Move into New Headquarters
- CT DOB Issues Two Fines End of September
- CT Department of Banking Fines Broker