‘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.
Fairfield Senior Living Facility Refinanced
Mortgage company BWE announced it originated a $35.3 million permanent loan for an assisted living facility in Fairfield.
How the Fed’s Rate Cut Impacts Mortgage Rates
Hoping that mortgage rates will keep dropping following the Federal Reserve’s first rate cut since last year? Don’t bank on it.
AI Shakes Up Call Center Industry, But Some Tasks Better Left to Humans
Some jobs have been lost and there have been dire forecasts about the future job market for these individuals, ranging from modest single-percentage point losses, to as many as half of all call center jobs going away in the next decade.
Report: CT Transit Corridors Are Primed for More Homes
A new report says over half of Connecticut residents live in 9 percent of the state’s land, along existing transit corridors. Those areas have significant opportunities to add even more housing, the report concludes, when combined with areas with existing sewer infrastructure.
M&T Bank CEO Looking for More M&A
Speaking at an event in Boston, M&T Bank CEO René Jones predicted more M&A activity in the Northeast – including some driven by his own institution.
What Happens When You Lie on Your Loan Application
Even if you are not prosecuted, if your lender finds out you equivocated, they can call your loan due and payable on the spot.
End of a Momentous Chapter for PeoplesBank
As CEO of PeoplesBank, Tom Senecal has led the mutual bank through some huge changes in the last 10 years, including its entry into the Connecticut market. He’s now set to retire at the end of the year.
PeoplesBank Converts to Cloud Platform
PeoplesBank says it’s become the largest U.S. community bank to fully operate on a cloud-native core banking platform after successfully converting to the Nymbus Banking Platform.
PeoplesBank CEO Tom Senecal Announces Retirement
After 30 years at PeoplesBank, chairman and CEO Tom Senecal announced that he will retire at the end of 2025.
How the Fed Losing Its Independence Could Affect Your Everyday Life
President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades.
