A lawsuit from the Connecticut Fair Housing Center alleged that loan originators at Middletown-based Liberty Bank denied African American and Latino applications at significantly higher rates than those from white applicants.
SI Financial Group, the parent company of Willimantic-based Savings Institute Bank and Trust, disclosed yesterday that it is being sued in Baltimore County Circuit Court for breaching its fiduciary duties to its stockholders in connection with its impending acquisition by the parent company of Boston-based Berkshire Bank.
Despite a bad loan and problems with federal regulators, the parent company of Stamford-based Patriot Bank managed to have a profitable fourth quarter of 2018.
Hometown Financial Group continues to shop aggressively as it announced today that it will merge with and absorb Millbury Savings Bank into its subsidiary, Oxford-based bankHometown.
Despite reported issues with former longtime President and CEO Michael Daly, who resigned last November, the board of directors at Berkshire Bank and its parent company seems to have confidence in the company’s executive team.
Berkshire Bank has received approval to close four of its branches in upstate New York, according to a recent activity report from the Massachusetts Division of Banks.
A proposal to establish a state-run infrastructure bank is sparking widespread debate among lawmakers, trade groups and other stakeholders trying to determine the best course for Connecticut’s struggling economy.
When Boston-based Berkshire Bank’s longtime President and CEO Michael Daly abruptly left the bank at the end of November, a storm of questions followed from the media, analysts and other stakeholders.
Two bills headed for the state legislature’s Banking Committee are proposing to establish state run banks in Connecticut.
Two credit unions in Hartford are planning to merge.
In 2018 alone, there were more banking and finance regulatory changes than there were business days in the year. Pamela Perdue and her regtech company Continuity are there to help banks and credit unions navigate that morass.
The Connecticut Department of Banking has granted TNB USA Inc. an 18 month extension on its temporary certificate of authority, which will allow the bank to keep operating.
For the second time within the last year, the group behind Laurel Road Bank is seeking to change the bank’s name.
The parent company of Hartford-based United Bank will focus on keeping expenses in check and growing its commercial real estate portfolio in 2019.
In his first earnings call as new CEO of Berkshire Bank, Richard Marotta stuck to the numbers, kept on point and spoke very little of the leadership transition that saw longtime CEO Michael Daly leave under controversial circumstances.
Strong commercial lending and a surge of new health savings accounts helped drive growth at the parent company of Webster Bank.
A meeting to be held by Connecticut Banking Commissioner Jorge Perez on Friday could have broad implications for one of the state’s de novo banks, which is operating under a temporary certificate of authority.
KeyCorp’s recent acquisition of the digital lending platform of Laurel Road Bank raised questions on the bank’s recent earnings call.
Citizens Bank has been at the forefront of creating great digital experiences for its customers, forming several partnerships with various fintech companies. Lamont Young has been at the center of these efforts.
Connecticut’s economy has had a rough few years, but incoming CBIA president Chris DiPentima thinks the state his headed for good times in 2019. It just needs a few things from state leaders in order to get there.
