When the holidays roll around, your bank will surely collect coats and canned goods, donate turkeys to the local food bank, and cut a sizable check to a nonprofit doing some good in the community, but behind the feel-good photos runs finely-tuned machinery.
You may recognize David Rosen’s name from the recent class action lawsuit filed against the developer charged with letting a New Haven housing development fall to ruin to force out tenants.
New Haven housing project residents today filed a class action lawsuit charging the property owner with “demolition by neglect,” alleging the developer bought the complex with the intent of eventually tearing it down and building upscale housing in its place.
How’s this for a Throwback Thursday?
Much ink has been spilled over the transformation of the branch, but as consumer preferences have shifted in recent years, bankers are also changing the way they train their front-line staff – with the intent of ultimately building better relationships with their customers.
Carolyn Welch hit the ground running when she joined Chelsea Groton Bank’s commercial team this summer.
It’s one of the great dilemmas of 21st century life: The technologies that make our lives easier also open us up to vulnerabilities we may never have otherwise imagined, but the private and public sectors can work together to share information and deal with threats.
The Independent Community Bankers of America (ICBA) this week filed a lawsuit against the National Credit Union Administration (NCUA), alleging the credit union regulator overstepped its bounds and violated federal law with a commercial lending rule it issued earlier this year.
Citizens Bank’s Brent Hazzard first got a taste for commercial banking at the infamous Shawmut Bank. He later moved onto GE Capital, helping build its midmarket lending practice and working in its distressed debt group.
The Pittsfield, Massachusetts-headquartered Berkshire Bank is planning to move into downtown Boston, fresh off the heels of its recently announced acquisition of another franchise with a strong presence in New Jersey and Philadelphia.
FDIC-insured banks saw net income tick up during the second quarter, but rising past-due loans and charge-offs to C&I borrowers raised regulators’ attention in the period ended June 30.
It seems glass ceilings are smashing everywhere these days, and the banking industry is no exception. The financial services industry still has a long way yet to come, but perhaps they could take a page from Connecticut’s community banks. A recent study out of the global management consultant firm
Jack Bundschuh didn’t intend to get into banking, but when he joined a small Connecticut bank fresh out of college, he found that he enjoyed blending analytical skills with interpersonal skills in his work in the credit department there. Shortly after, he moved onto People’s United Bank, where he’ll soon celebrate his 30th anniversary. Now a market manager at People’s, Bundschuh chatted with The Commercial Record about the Connecticut market and cultivating the next generation of business bankers.
The Buffalo, New York-based M&T Bank is setting its sights on growing business within Connecticut, now that it’s begun to digest its recent acquisition of Hudson City Savings Bank.
United Financial Bancorp posted declines in its second quarter net income as it scaled back its balance sheet exposure to residential mortgage loans.
Berkshire Hills Bancorp’s second quarter earnings rose on loan growth this year, as it expanded its franchise across the Mid-Atlantic region.
Chelsea Groton Bank recently revamped its suite of business banking products in an effort to better serve its growing commercial banking base, offering new fraud protection tools and business entitlements with its online banking platform.
