Banking and Lending

Omarova Withdraws as OCC Nominee

By Josh Boak | December 8, 2021 | Reprints | Unlock Link

President Joe Biden said Tuesday that Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency would be withdrawn, as her candidacy faced steep resistance in the Senate with Republican lawmakers criticizing her vision for banking regulation and her birthplace in the former Soviet Union.

Operator Warns of ‘Fragile’ Power Gride in Cold Snap

By Colin A. Young | State House News Service | December 7, 2021 | Reprints | Unlock Link

Electric grid operators expect to be able to keep the lights on in New England this winter. But having come close to a major problem during a costly cold snap here four years ago and watching the recent struggles of power systems in California and Texas, ISO-New...

Community Bank Tackles Student Debt

Community Bank Tackles Student Debt

By Diane McLaughlin | December 2, 2021 | Reprints | Unlock Link

The student loan problem is enormous: $1.7 trillion in debt, almost 45 million borrowers with loans to repay, about 10 percent of borrowers delinquent or in default even before the pandemic started. As president and CEO of The Milford Bank, Susan Shields saw an opportunity to help.

Jewett City Donates to Local Food Pantries

Jewett City Donates to Local Food Pantries

November 30, 2021 | Reprints | Unlock Link

The charitable foundation for Jewett City Savings Bank has awarded $13,000 to six local food pantries. The funding from the grants will allow pantries to purchase food and supplies to support the needs of the families and individuals in our communities, the bank said in a statement.