Berkshire Bank Branches Rebranded as ‘Beacon Bank’ Locations
Customers at what used to be Berkshire Bank locations will notice the new physical and digital look of their banking institution the next time they visit.
Volunteering to Be Top of Mind
Bank philanthropy can feature a lot of standing next to oversized checks. PeoplesBank Chief Administrative Officer Amy Roberts and her colleagues are putting in the hard work, as well.
Trump Changes to CFPB Cost Americans $19B, Report Says
One year after the Trump administration took control of the Consumer Financial Protection Bureau, the consumer watchdog has largely retreated from enforcement and regulatory work, changes that consumer advocates and Democrats now estimate have cost Americans at least $19 billion in financial relief.
Santander to Acquire Connecticut’s Webster Bank
The deal makes Santander’s Boston-based U.S. franchise a top-10 retail and commercial bank in the U.S. by assets and a top-five deposit franchise across the Northeast
Aiming to Inspire the Next Generation
Lynn Giroux has spent over 20 years at Essex Bank in a half-dozen different departments before being named the bank’s brand-new president and CEO.
M&T Bank Ends 2025 By Cleaning Up Loan Portfolio
M&T Bank cleaned up its loan portfolio in 2025. The bank told investors Friday morning that its provision for credit losses was $125 million in the fourth quarter, a 10.7 percent drop compared to the same period in 2024. M&T’s provision for credit losses...
Essex Bank Names New CEO
Essex Bank is promoting its chief operating officer to the corner office.
Banks Balk at Trump’s Requested 10 Percent Cap on Credit Card Rates
President Donald Trump wants a one-year, 10 percent cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from industry.
Last Year’s Odd Economy and What to Watch for in 2026
Last year’s odd outcomes raise a host of questions for the upcoming year: Will a growing economy eventually boost the sluggish job market? Or are last year’s weak job gains a sign of a stumbling economy that could get worse?
Patriot Bank Touts Turnaround Progress to Investors
Patriot Bank touted its achievements in a recent letter to investors and argued is expecting more success in 2026 after a bruising few years.
PeoplesBank’s President Wants to Keep Growing
PeoplesBank has made big investments in Connecticut recently: naming rights to the former XL Center and a new operations center in Hartford. But newly promoted CEO Brian Canina has more plans for future growth.
Webster Bank Subsidiary Buys Washington-Base Emergency Savings Provider
HSA Bank, a division of Stamford-based Webster Bank last week announced that it has acquired SecureSave.
PeoplesBank’s President Named to CT Bankers Association Board
The Connecticut Bankers Association members unanimously elected the association’s officers and board members for the 2025-2026 term
Members Approve CrossPoint Federal Credit Union Merger With Nutmeg State Financial Credit Union
Members of CrossPoint Federal Credit Union have approved a merger with Nutmeg State Financial Credit Union.
Most Fed Officials Back Rate Cuts. Just Not Necessarily in December
A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts.
From Big-Bank Firefighter to Community Bank Strategist
In a regulatory environment that constantly seems to be changing, Susan Andros says she is excited to being working at a community institution such as Ascend Bank.
‘No Hire’ Job Market Leaves Many in Limbo
While big corporate layoff announcements typically grab the most attention, it has been the unwillingness of many companies to add workers that has created a more painful job market than data would suggest.
Banks, Retailers Run Short on Pennies as Mint Ceases Production
President Donald Trump’s decision to stop producing the penny earlier this year is starting to have real implications for the nation’s commerce.
Parent Company of BankHometown Acquires Mass.-Based Bank
Hometown Financial Group, parent company of bankHometown, has completed its acquisition of Colonial Federal Savings Bank.
Fiserv Slashes Guidance, Shuffles Leadership After Big Earnings Miss
Fiserv shares careened to their lowest level in more than five years last week after the fintech payment company badly missed Wall Street’s profit targets.
