Berkshire Bank Adds Former Boston Fed President to Board
Eric Rosengren, the former president of the Federal Reserve Bank of Boston, has joined Boston-based Berkshire Bank’s board of directors.
Developments Win $99M in State Grants
A range of real estate developments and infrastructure projects landed a total of $99 million in grant funding via the State Bond Commission.
Liberty Bank Beats Out NYC Lenders in Satisfaction Survey
Middletown-based Liberty Bank has the most satisfied customers in the entire Tri-State area, even beating out megabanks like Chase and regional lenders like M&T Bank.
Webster Bank Names Massiani President
Stamford-based Webster Bank has named Luis Massiani as the bank’s president. Massiani, who has also been promoted to senior executive vice president, will continue in his current role as chief operating officer, Webster Bank said. John Ciulla previously held the roles...
State Launches Pre-Development Loan Program
The Connecticut Department of Housing says it is launching a pre-development pilot program that will provide $3.2 million to five local nonprofit housing agencies to support their operating and pre-development expenses for affordable housing projects they’re working on.
Newington Broker Inducted into ERA Hall of Fame
Joanne Breen, broker-owner of ERA Sargis-Breen Real Estate Co., was one of only four brokers to make the cut this year among ERA’s many affiliated agents and companies around the world.
Survey Suggests Depositors Searching for Yield as Financial Health Dips
Fewer customers had $10,000 or more in deposits at their primary bank in the past year, while the percentage of customers categorized as financially unhealthy increased, according to a new study from J.D. Power.
CT Home Prices Fell 2 Percent in February
New data from The Warren Group, publisher of The Commercial Record, shows the statewide median single-family home sale price dropped slightly last month compared to February 2022. But the median condominium price jumped 17 percent.
Essex Savings Bank Names New CFO
Essex Savings Bank has named Debra L. Brown as its next chief financial officer.
Bronin to Hartford Employers: Bring Workers Back
Hartford Mayor Luke Bronin urged city employers to bring their workers back downtown as the neighborhood’s office towers continue to sit underutilized.
CT Brokerages Honored in Industry Rankings
Two prominent Connecticut real estate companies have earned spots in an annual ranking produced by brokerage consultancy T3 Sixty.
CEO Russell to Resign From Patriot Bank
Patriot Bank President and CEO Robert Russell Jr. plans to resign next month “to pursue another career opportunity,” the bank said in a statement yesterday.
Webster Bank Names Head of Business Banking
Stamford-based Webster Bank has promoted Kathleen Stanley to the role of executive managing director and head of business banking.
Mortgage Rates Grew Hartford Housing Payments 49 Percent
Mortgage rates – both their high levels and their wild swings – are making life difficult for both buyers and sellers, economists from Zillow say, as high rates keep sellers from listing and push lower-income buyers out of the market.
Buyers React Quickly to Mortgage Rate Drop
Some homebuyers are returning to the market as mortgage rates decline from the four-month high they reached last week, according to a new report from Redfin, the combined brokerage and listings portal.
FedNow Payments System to Launch in July
The FedNow Service, the Federal Reserve’s real-time payments platform, will launch in July.
Bankwell Adds CBRE Exec to Board
New Canaan-based Bankwell Financial Group Inc. has added CBRE’s Jeffrey Dunne to its board of directors.
Patriot Bank Saw 2022 Earnings Increase
Stamford-based Patriot Bank saw full-year 2022 earnings increase 20 percent, and the bank continues to evaluate its next strategic moves.
Silvi Sboui Joins Ion Bank
Naugatuck-based Ion Bank has hired Silvi Sboui as vice president and cash management sales officer.
Former Patriots Linebacker Buys Farmington Project
A Fairfield-based investment firm co-led by a former linebacker for the New England Patriots has bought a Farmington multifamily project site.
