John P. Renwick III has joined U.S. Trust’s Stamford office as a business development officer.
Renwick is a vice president responsible for new business development in upper Westchester and Fairfield County. U.S. Trust is a wealth management company that provides planning, investment management, fiduciary and private banking services.
Prior to joining U.S. Trust, Renwick was a senior vice president in the Private Banking Division of the Bank of America in Greenwich from 2002 to 2005. Previously, he spent eight years at Bankers Trust Co. as a vice president and relationship manager in the Private Banking Division in Greenwich.
From 1987 to 1994, he served as president and chief executive officer of Guinness Mahon Capital Corp., the New York City-based holding company for GPG’s U.S. operations. Renwick also held the position of executive director of GPG plc in London. Prior to that, he served as a managing director in the Investment Banking Group of Manufacturers Hanover Trust Co. in New York City from 1974 to 1987.
Bolella Joins McCue Mortgage
Louis L. Bolella has joined New Britain-based McCue Mortgage Co. as senior account manager within its Wholesale Lending Division. Bolella’s mission is to develop and manage business relationships with McCue’s broker partners, supporting them with new loan products, technology and other efficiencies that will result in faster and better service for brokers’ customers.
Bolella comes to McCue Mortgage from the Connecticut Housing Finance Authority where he served in several capacities over a 20-year tenure. During his time with CHFA, Bolella was responsible for increasing loan volume from $120 million to $570 million annually. He did so by streamlining underwriting, documentation, purchase and post closing processes. Through those efforts, CHFA consistently ranked second in the nation among state housing authorities for purchased loan volume, behind only California.
“McCue Mortgage is excited to have Lou on board with us. His thorough understanding of the lending process, combined with his understanding of housing issues in the state, cannot be matched,” said Frank Haran, executive vice president of wholesale lending at McCue. “Lou’s experience will help our broker partners realize process improvements, reduce costs and, most importantly, provide better service to customers.”
Bolella is a graduate of the University of Connecticut. He is a member of the Connecticut Mortgage Bankers Association and the Connecticut Society of Mortgage Brokers.
The McCue Mortgage Co. is a leading provider of mortgage lending services in Connecticut. Founded in 1949, McCue Mortgage has a long history of helping Connecticut homebuyers at every level of the financing spectrum, from first-time buyers to those refinancing their mortgages. The company provides lending services on both a wholesale and retail basis, providing conventional, adjustable-rate, jumbo, construction and other loans. McCue Mortgage’s Wholesale Lending Division closes over $300 million in loans annually, making it a leading wholesale lender in Connecticut.
Bank Sponsors Art Prize
The Simsbury Bank & Trust Co. recently sponsored first prize in the Holcomb Farm Learning Center’s 12th Annual Art Show. Christine Arena of Unionville was awarded the prize for her entry, a pastel entitled “Evening Meadow,” at a reception on Sept. 8 at J. Vallee Brunelle Fine Art & Framing on Hartford Avenue in Granby where all submitted works of art are on display through Oct. 1.
Mary Ellen Perry, assistant treasurer and branch manager of The Simsbury Bank’s Granby office, made the presentation. The entire staff of The Simsbury Bank congratulated Arena on her talent and winning entry.