Two Hotels Pitched for Downtown Stamford
A pair of new hotels are being proposed in downtown Stamford.
Former CT Realtor of the Year Joins Hamden Brokerage
Mark A. Foreman has joined Hamden residential and commercial brokerage Press|Cuozzo Realtors.
Kasasa Launches Balance Sheet Management Tool
Kasasa, a financial technology company that designs and markets checking and savings accounts for community banks and credit unions, has partnered with financial engineering firm Thomas Ho Co. Ltd to provide banks and credit unions with a balance sheet management tool.
TD Bank Calls Off Planned Merger
TD Bank Group had called off its planned acquisition of a Tennessee-based regional bank that would have expanded TD Bank’s presence in the U.S. Southeast.
National Iron Bank Completes Private Stock Offering
The holding company for Salisbury-based National Iron Bank completed a $6 million private stock offering in March.
Ex-Waterbury CU Head Banned from Industry for Life
The former president and CEO of Waterbury’s Skyline Financial Federal Credit Union has been banned from the banking industry for life by the National Credit Union Administration.
Report: Logistics Network Pushed Modular Builder’s CT Relocation
Fullstack Modular is relocating its U.S. headquarters to Hamden, from New York City’s Brooklyn Naval Yard where it had operated since 2012.
Salisbury Bank’s Year-Over-Year Earnings Down 14 Percent
Lakeville-based Salisbury Bank had first quarter net income of $3 million, or $0.52 per basic common share, compared to $4.1 million, or $0.71 per basic common share, in the fourth quarter of 2022 and $3.5 million, or $0.62 per basic common share, in the first quarter of 2022.
Bankwell Saw Year-Over-Year Earnings Increase 26 Percent
New Canaan-based Bankwell Financial Group had first quarter net income of $10.4 million, or $1.33 per share, compared to $8.2 million, or $1.04 per share, in the first quarter of 2022.
Webster Bank Saw Deposit Growth in First Quarter
Stamford-based Webster Bank saw deposits increase by 2.3 percent during the first quarter.
14-Acre Stratford Assemblage Trades for $7.25M
A pair of Stratford parcels entitled for a large industrial development has traded hands for $7.25 million.
Mongillo Joins Ion Bank Wealth Management Group
Ion Bank’s wealth management group, Ion Investments, has brought on Amanda Mongillo as vice president and life insurance director.
Liberty Bank Launches Digital Bank for Small Businesses
Owners Bank is currently available to small business owners in Connecticut and three other states, but it has national ambitions.
Survey Finds Gen Z Buyers Prioritize Pets, Not Kids
A new poll commissioned by listings portal site Zillow found that many Generation Z adults would put their pets’ needs ahead of those of their partners and their kids – or future kids – if they were buying a home.
Salisbury Shareholders Approve NBT Merger
The merger between Lakeville-based Salisbury Bank and NBT Bank has moved a step closer to completion after Salisbury’s shareholders voted in favor of the deal.
CorePlus FCU Joins Upstart Personal Loan Network
Norwich-based CorePlus Federal Credit Union has started offering personal loans through Upstart, an artificial intelligence lending platform.
Liberty Bank Reports Successful Digital Banking Platform Conversion
Middletown-based Liberty Bank has launched a new digital banking platform through Texas-based Alkami, which provides cloud-based digital banking services to U.S.-based banks and credit unions.
Mortgage Demand Accelerated as Rates Fell in March
Rate lock dollar volumes were up 43 percent month over month nationwide in March, driven by seasonal tailwinds, falling interest rates and stronger purchase market performance according to a new report from real estate data company Black Knight.
Survey: Consumers See Financial Stress in Milestone Events
More than three-quarters of consumers expect an important life milestone during the next decade, and for most of those consumers, the financial stress of paying for the event will be greater than the emotional stress tied to the milestone, according to a new survey from Citizens Bank.
Demand for Second Homes Takes Big Drop
Mortgage rate locks for second homes were down 52 percent from pre-pandemic levels on a seasonally adjusted basis across the country in March, according to a new report from Redfin.
