M&T Bank Opens Torrington Branch
The 2,400-square-foot freestanding branch features teller assistance, a drive-thru, a walk-up ATM, and private offices for financial consultations.
American Eagle Financial CU Launches Short-Term Lending Product
American Eagle Financial Credit Union has added a new short-term lending product, called “CashPlease,” aimed at helping members get through unexpected expenses.
Revolut Says It’s Excited to Come to CT
After building a customer base in Europe, the fintech landed approval to open a U.S. bank based in Stamford.
Torrington Savings Hires Two Top Execs
Torrington Savings Bank said it’s hired two bankers to top executive positions, the fourth and fifth such additions in the last 18 months.
Citizens Sues Sofi, Claims Worker Poaching ‘Decimated’ CT Business
Citizens Bank has sued online lender SoFi, claiming it “essentially eliminated its market presence” in Connecticut after hiring away several mortgage employees.
Revolut Receives OCC Approval for Bank with Stamford HQ
The fintech Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency to set up a bank to be headquartered in Stamford.
How KeyBank Wants to Compete in CT’s Business Banking Space
After taking a break from working at large banks, Mark Williams is joining KeyBank to lead the Ohio-based regional bank’s New England business banking efforts.
KeyBank Names New England Business Banking Market Leader
KeyBank has named Mark Williams as its new New England business banking market leader.
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.
Ion Bank Seeks Comment on Planned Merger
Ion Bank has formally filed with Massachusetts bank regulators to merge with a Boston-based bank, and is seeking public comment on the deal.
Adults Using AI for Financial Help, But Few Trust It
Some U.S. adults are using artificial intelligence for financial guidance, but it’s far from the most trusted source of advice, according to a new Gallup survey conducted in partnership with Edward Jones, a financial services firm.
Giroux Takes Helm at Essex Bank
Essex Bank has completed its succession plan as its board of directors formally named Lynn Giroux to succeed retiring President and CEO Diane Arnold.
Santander Gets OK to Buy Webster Bank
After months of waiting, a Spanish multinational bank has secured regulators’ approval to buy the biggest Connecticut-based bank.
Most Mortgage Borrowers Pay Too Much
Even if you shopped for the lowest mortgage rate you could find, you may be paying more than necessary – simply because you didn’t know lower rates existed.
Megabanks Report Record Profits Despite Economic Uncertainty
Five of the biggest U.S. banks reported record profits on last week, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.
Under the Hood of PeoplesBank’s Innovation Engine
PeoplesBank is not looking to be your average community bank, says Chief Operating Officer Aleda DeMaria.
Banking Regulators Issue New Guidance on Lending Risk Tied to Borrowers Illegally in US
The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation’s banking system, cracking down on financial institutions that are lending money to them.
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.
What the Supreme Court’s Ruling Means for Federal Reserve Independence
The Supreme Court on Monday said the Federal Reserve, unlike any other agency in Washington, has a measure of independence from the presidency and day-to-day politics. But the court didn’t define to what extent.
