Banking and Lending
Maine-based Bar Harbor Bank & Trust is planning to purchase all of People’s United Bank’s branches in Central Maine.
Real estate and mortgage data tracking company The Warren Group, publisher of The Commercial Record is now offering mortgage data nationally, which will give lending professionals an expanded understanding of where they stand and how they are performing in the national mortgage market.
A proposed apartment complex near New London has secured construction financing.
U.S. consumer debt continued to climb at a steady pace in May, growing just slightly less than the prior month.
Financial institutions under $5 billion in assets will soon be able to submit smaller quarterly call reports with less information on them.
U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion.
Although there is a high risk for employees across many industries to click on a suspicious link or email or obey a fraudulent request, employees at financial institutions are among the least likely to fall for such an attack.
Overdraft fees at American financial institutions declined in the first quarter of the year, suggesting that overdraft prices are no longer inelastic, according to data recently published by the Illinois economic research firm Moebs Services.
Windsor-based SS&C Technologies Holdings, a global provider of investment and financial services and software for the financial services and healthcare industries, is planning to acquire an Australian fintech company.
Thomaston Savings Bank recently broke ground on its newest branch location in Farmington.
Mobile banking transactions will more than double by 2022, while branch visits will dwindle to just four visits each year for the average consumer in the same period.
Meriden-based national mortgage lender and servicer Planet Home Lending has named Suzy Lindblom as its new chief operating officer.
Median home prices in the second quarter of 2019 were not affordable for average wage earners in 74 percent of U.S. counties.
Simsbury Bank shareholders overwhelmingly approved a proposed merger on Wednesday between that institution and Middletown-based mutual savings bank Liberty Bank.
Gov. Ned Lamont took his pitch for highway tolls in Connecticut to business leaders on his home turf in Fairfield County this week.
Using strong language, the banking industry’s largest trade group is asking the national agency that regulates credit unions to conduct a “top-to-bottom assessment” of the nonprofit lenders.
Eastern Connecticut Savings Bank recently announced the hiring of David W. Stone as first vice president and senior commercial loan officer.
Gov. Ned Lamont said he would redirect money borrowed by the state towards transportation projects if the state legislature can’t approve a plan to toll vehicles on Connecticut’s highways.
The U.S. economy grew at a healthy 3.1 percent rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China.
A new mortgage product is about to hit the market that could make it easier for owners to repair or rebuild homes that have been damaged or destroyed in floods, tornadoes, hurricanes and other natural disasters.