Timothy F. Luddy
The Connecticut Bank and Trust Co. recently opened its newest branch at 66 Cedar Street in Newington.
“CBT is pleased to have the opportunity to bring its brand of personal service banking to the businesses and residents of Newington,” said President and Chief Executive Officer David A. Lentini. “This brings to five, the number of CBT banking centers, located in and around greater Hartford.”
The branch manager at CBT’s Newington location is CBT veteran, Kathleen Hewitt. Timothy F. Luddy has joined CBT as business development manager in Newington. Although Luddy is new to the CBT team, he has been very active in the Newington market for many years having served as president of both the Newington Rotary Club and the Newington Chamber of Commerce.
“Both of these professionals have been chosen for their proven leadership and ability to deliver on CBT’s high standards of service,” Lentini said.
CBT’s Newington location is a full-service banking branch located just two blocks from the town’s business center. The new facility offers customers convenient, ample off-street parking and an easily assessable drive up ATM for 24-hour banking availability.
Doors open daily, Monday through Saturday at 9 a.m. as CBT brings its signature personal service to Newington.
Hartford-based The Connecticut Bank and Trust Co. is devoted to delivering a high level of personal service, primarily to privately owned businesses and consumers. CBT provides both commercial and personal services from its Hartford location as well as Centers in West Hartford, Glastonbury, Newington and Vernon.
Open Solutions Selected
Fairfax, Va.-based Fairfax County Federal Credit Union has chosen to partner with Glastonbury-based Open Solutions Inc., a provider of integrated enabling technologies for financial services providers across the United States and Canada, and will implement Open Solutions’ credit union enterprise software solution, The Complete Credit Union Solution, to handle its data processing needs. The credit union has also selected several of Open Solutions’ complementary applications including cView, the company’s CRM tool; the collection module and financial accounting products including general ledger and ProfitVision for profitability.
Fairfax County Federal Credit Union, with more than 18,000 members and $210 million in assets, recently expanded its charter to serve the entire county. As a result, the credit union sought a new core processing system, as its 27-year legacy system could not accommodate its growing needs. Fairfax County Federal Credit Union executives wanted a comprehensive, integrated core data and transaction processing solution capable of providing real-time member information across all delivery channels.
“We want the most enhanced, up-to-date products available,” said Joe Thomas, president and chief executive officer of Fairfax County Federal Credit Union. “We needed a next-level solution that could fully integrate with our operations, from lending to investments and deposits. After evaluating several vendors, it was a unanimous decision to implement Open Solutions’ The Complete Credit Union Solution. The system’s open technology and real-time operations enabled us to improve efficiencies and provide comprehensive sales and management tools to our personnel while enhancing our superior service levels to our members.”
