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.
Patriot Bank Expands Into Florida
Stamford-based Patriot Bank is heading south. The bank is opening a branch in Palm Beach, Florida.
Warsh’s Gamble: A Quieter Federal Reserve Could Mean Volatile Markets, Higher Rates
Like many economists, Kevin Warsh thinks the financial markets have become too dependent on Fed guidance, and that such direction is more effective in financial crises or economic downturns.
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.
Treasury Expands Bank Data-Sharing Rules Tied to Trump Immigration Crackdown
The Treasury Department moved Friday to enlist the nation’s banks more deeply in President Donald Trump’s immigration crackdown, including issuing fresh guidance that lets banks rapidly share information about suspected customers.
Skyline Financial FCU COO Adds EVP Duties
Skyline Financial FCU’s COO Benjamyn Frye will add EVP responsibilities to his schedule.
Treasury Warns Banks of ‘Red Flags’ Tied to Undocumented Customers
Federal financial crimes investigators want banks to help as part of the Trump administration’s latest measure to clamp down on immigration.
