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.
Regional Banks’ Bad Loans Spark Concern on Wall Street
Wall Street is concerned about the health of the nation’s regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks.
Wall Street Banks See Big Jump in Profits
Wall Street had one of its most profitable quarters ever, if the earnings from four of nation’s biggest banks that reported Tuesday are to be believed.
A Branch for Today’s Bankers
Originally opened in 2007, Thomaston Savings Bank’s remodeled Middlebury branch reflects how Thomaston Savings does business today, Executive Vice President and COO Timothy Bergstrom says.
Thomaston Savings Renovates Middlebury Branch
Thomaston Savings Bank announced it hosted a ribbon cutting ceremony for the grand reopening of their newly remodeled branch located at 1655 Straits Turnpike in Middlebury.
Torrington Savings Bank Promotes Top Lending Exec
Torrington Savings Bank announced last week it’s promoted Michael Sweeney to chief commercial lending officer.
Talent Crucial for CT’s Fast-Growing CRE Lenders
Using data from The Warren Group, The Commercial Record has ranked the 50 fastest-growing lenders in Connecticut of 2025.
