bankHometown Completes Merger with Millbury Savings Bank
bankHometown has completed its merger with Millbury Savings Bank. Millbury Savings Bank President and CEO Robert J. Morton has been appointed president and CEO of the combined entity.
Connecticut Receives Federal Funds to Educate Homeowners
The Connecticut Housing Finance Authority has received federal funding to counsel Connecticut homeowners facing possible foreclosure and educate first-time homebuyers.
Report: In Race that Turns on Development, New Haven Mayor ‘Un-Suspends’ Campaign
Incumbent New Haven Mayor Toni Harp has announced she will “un-suspend” her campaign against former East Rock alderman Justin Elicker.
Concert Venue to Replace New Haven Tennis Stadium
The nonprofit owner of the popular College Street Music Hall in New Haven got the official OK to convert a little-used championship tennis stadium next to the Yale Bowl into a concert venue.
Online Ordering Boom Gives Rise to Virtual Restaurants
Thousands of restaurants are experimenting with these virtual spinoffs tucked inside their own kitchens. Others are opening “ghost kitchens,” where food is prepared strictly for delivery or pick-up.
People’s United Won’t Swear Off Future Mergers
Changing dynamics and accounting standards will not change People’s United Bank’s strategy around mergers and acquisitions, bank executives said during the bank’s third quarter earnings conference call on Thursday.
Stamford Town Center Put Up For Sale
The company which owns the 761,000-square-foot mall in the heart of Downtown Stamford is putting the entire complex up for sale.
New Canaan Office Building Sold
A 3-story office building on the outskirts of downtown New Canaan has been sold to a new player in the local commercial real estate market.
Jeweler Leases Branford Commercial Space
A Branford commercial space has been leased to a jewelry repair and manufacturing business.
State Economist Warns Employment High Could Change
A Connecticut Department of Labor report shows the gain of 3,600 jobs, making September the 15th consecutive month of year-over-year growth.
Lamont Teases Transpo Plans in WSJ Interview
Gov. Ned Lamont let slip a few tantalizing morsels of his new and possibly improved plan to tackle the state’s congestion problems in an interview with the Wall Street Journal published Wednesday afternoon.
Report: New Haven OKs Luxury Hotel on Former Urban Renewal Parcel
A Cambria hotel is headed for a superblock development slowly rising in place of parking lots left over from an ill-fated, midcentury attempt at urban renewal in New Haven.
FASB Formally OKs CECL Delay for Some Banks, Credit Unions
The Federal Accounting Standards Board voted on Oct. 16 to delay the new CECL (current expected credit loss) standard for some companies.
US Home Construction Fell 9.4 Percent Last Month
U.S. home building fell last month, driven by a sharp decline in the construction of new apartments.
United and People’s United Face Lawsuits as Shareholders Set to Meet on Merger
United Bank and People’s United Bank have moved closer to a proposed merger, but not without several legal complaints looking to delay the transaction.
NAR Study Quantifies ‘Transit Boost’ to Hartford Real Estate Prices
A new study from the National Association of Realtors and the American Public Transportation Association (APTA) has quantified just how much the CTfastrak bus rapid transit system has contributed to increasing home and commercial sales prices near its stops.
Goodwin College Breaks Ground on New Gateway Building
One of East Hartford’s major intersections is getting a facelift, thanks to a new building now under construction by Goodwin College.
Report: 39 Apartments Planned for Historic New Haven Building
A historic downtown New Haven building could be in line for 39 new apartments.
US retail sales dip 0.3 Percent in September
Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending.
Liberty Bank Completes Purchase of Simsbury Bank & Trust
Connecticut’s oldest bank has finished its acquisition of the $480 million-asset Simsbury Bank & Trust Co.
