Connecticut Pending Sales Tick Upwards in July
After a slow start to the year, pending sales of single-family homes in Connecticut saw a slight increase as year-to-date sales remain marginally down.
How Essex Savings Bank Chose Its New CEO
Essex Bank is heading into a new era with a new president and CEO. The process of getting there was not a sprint, says the bank’s board chair, Doug Paul.
American Eagle FCU Is Turning Interchange Fees into Donations
American Eagle Financial Credit Union isn’t just handing out checks. It is using its card products as a way to give back to the community, says Chief Community Officer Simeon Chapin.
New Listings Aiding Connecticut Market While Inventory Lags Behind
The Connecticut housing market was able to add listings to the market in June, bringing inventory to near parity with where it was this time last year.
Under the Hood of PeoplesBank’s Innovation Engine
PeoplesBank is not looking to be your average community bank, says Chief Operating Officer Aleda DeMaria.
Patriot Bank OCC Enforcement Actions End
Patriot Bank is now free from enforcement actions initiated by The Office of the Comptroller of the Currency and says it wants to grow its assets by around $700 million.
What Powered Connecticut’s Top LOs?
Every year, the Commercial Record analyzes mortgage data to identify the state’s top loan originators. In a tough market, what helped them beat their competitors? One bank’s experience offers clues.
CT Luxury Home Prices Pricing Outperforming Non-Luxury Homes
Luxury homes are seeing prices increase at a greater rate than non-luxury homes across the country, according to a new report from Redfin. The Connecticut luxury market is showing similar trends.
Connecticut Cracks Down on Investor Homebuyer Strategy
Investors who buy a property and then find a new homebuyer before the initial deal is completed are now required to register with the state of Connecticut.
Patriot Bank Expands Into Florida
Stamford-based Patriot Bank is heading south. The bank is opening a branch in Palm Beach, Florida.
Liberty Bank Creates ‘AI Center of Excellence’
Liberty Bank is enhancing its investment in artificial intelligence with a new project dubbed the “AI Center of Excellence.” It will serve as the hub for AI strategy, governance and execution across Liberty Bank’s personal, commercial and digital banking operations.
Ion Bank to Merge With The Cooperative Bank
Ion Bank will be merging with The Cooperative Bank, with the latter operating as a division of the Connecticut-based institution.
Patriot Bank Expands High Net Worth Banking Program
While Patriot Bank is expanding its presence in Fairfield County, the bank is also expanding its high net worth banking program.
Connecticut Receives Failing Grade on Realtor.com Report Card
Connecticut has failed another affordability benchmark, according to a new report from Realtor.com.
Hartford Named Hottest Market in May
The Hartford housing market has been named the hottest in all of the United States, according to a new report from Realtor.com.
Skyline Financial FCU COO Adds EVP Duties
Skyline Financial FCU’s COO Benjamyn Frye will add EVP responsibilities to his schedule.
New CT Law Takes Sides in Private Listings Debate
When Gov. Ned Lamont signed Senate Bill 340 into law late last month, he placed Connecticut in an exclusive club: states that are wading into the debate over private listings.
Rent-to-Own Calculus Improves in Hartford Area
It now takes less time for homebuyers in Greater Hartford to realize the benefits of buying compared to renting.
Connecticut Single-Family Market Experiences April Slowdown
According to new data from The Warren Group, the publisher of The Commercial Record, the Connecticut single-family home market is seeing a dropoff in activity.
Top Connecticut Lenders Aided by Experienced Staff
The top lenders in Connecticut say they got that way by helping buyers navigate a single-family housing market defined by affordability issues and a lack of inventory.
