A Big Name Makes a Big Jump
Nitin Mhatre’s jumping from a $12 billion bank to a $2.3 billion bank as he takes the reins at First County Bank. The attraction? New ways to have an impact – and a little fun.
DR Bank Eyes New York Expansion
DR Bank, headquartered in Connecticut, submitted an application to open a new branch in White Plains, New York.
Bessent Wants to Invest in Financial Literacy for Americans
Treasury Secretary Scott Bessent winces at the allure of easy money – whether it’s lottery tickets, buy now, pay later loans or the promise of a crypto windfall.
First County Bank Launches Insurance Products to Compete with Bigger Players
As economic conditions grow more uncertain, Rick Muskus says First County Bank is positioning itself as a reliable financial partner for businesses.
Warsh as Fed Chair May Not Lead to Rate Cuts
President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn’t pencil in lower borrowing costs for mortgages, auto loans or business loans just yet.
Stamford Bank CEO Transition Takes Effect
Stamford’s First County Bank has formally passed into the care of Nitin Mhatre, formerly CEO of the $12 billion-asset Berkshire Bank.
Big Banks See ‘Resilient’ US Economy, Warn on Energy Prices
The nation’s biggest banks posted another quarter of strong profits, helped by a resilient economy and a flurry of dealmaking for their investment banking units.
Danbury Apartments Sell for $158M
One of the many multifamily complexes in Danbury near the New York state line has traded hands with a $34 million increase in sale price.
More Fed Officials See Possible Rate Hikes This Year, Minutes Show
The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months.
JPMorgan CEO Dimon: Iran War Could Reignite Inflation
JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a “resilient” U.S. economy could face renewed inflation pressures if the war in Iran disrupts global energy markets.
Taking a Household Name into the Digital Age
American Eagle Financial Credit Union is entering a new digital era, but remains focused on being involved in the community, says Chief Strategy and Revenue Officer Brian Kennedy.
Better Home & Finance, Coinbase to Offer Crypto-Backed Mortgages
Prospective homebuyers who have invested in certain cryptocurrencies will be able to use their holdings as collateral to fund their down payment on a home as part of a new mortgage offering.
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.
