A New Name in Time for a Big Anniversary
Essex Savings Bank is shortening its name to Essex Bank, a change that President and CEO Diane Arnold reflects that the bank has become more than a place for individuals in Connecticut to store their savings.
Chase Plans 14 New Offices for High-End Wealth Management
Chase is expanding its affluent banking offering by opening 14 new J.P. Morgan Private Client “financial center” offices across four states, including New York and Massachusetts.
Consumer Confidence Rebounds After Five Straight Months of Declines
Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.
Senate Passes Bill to Prevent Future ‘Zombie’ Mortgages
An Act Concerning A Study Relating to Banking Issues imposes a 10-year statute of limitations for so-called “zombie mortgages” on one- to four-family dwellings.
Trump’s Massive Import Taxes Haven’t Done Much Economic Damage – Yet
For now, the disconnect has businesses and consumers struggling to reconcile what they were told to expect, what the numbers say and what they are seeing on the ground.
Innovation Helped CT’s Top LOs Win
The state’s loan originators had to deal with high interest rates and low inventory as they tried to get their customers into homes but were still able to succeed in 2024.
Thomaston Savings Bank Partners With Paige to Simplify Legacy Planning
Thomaston Savings Bank has partnered with Paige, a legacy planning platform, to offer streamlined estate planning services to families and businesses across Connecticut.
Fed Official Sees Signs of Slowing Economy
A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending.
New England Remain Equity-Rich in First Quarter
Homes in New England are among the most equity-rich in the nation, according to a new report from Attom.
Federal Reserve Faces Tough Balancing Act on Rates
The Federal Reserve could keep its key rate unchanged for several more months as it evaluates the impact of President Donald Trump’s widespread tariffs on hiring and inflation, some economists say, even as the White House pushes for a rate cut.
Manchester CU, California CU to Merge
Northeast Family Federal Credit Union and Self-Help Credit Union (Self-Help) announced their merger Monday.
CT’s Seasons FCU Rebrands as ‘Ellafi Federal Credit Union’
Middletown-based Seasons Federal Credit Union is shedding its 20-year-old brand in favor of a new one – and a new mission.
Webster Bank Preparing for Possible Recession
Webster Bank executives say the bank is preparing for a potential recession as it strengthened its allowance for loan losses in the first quarter.
Berkshire Bank Sees Net Income Growth to Start 2025
Even with some economic turmoil to start the year, Berkshire Bank had a successful first quarter, seeing deposit and income growth.
Liberty Bank Lands Deal as ‘Official Bank’ of Hartford Yard Goats
Middletown-based Liberty Bank now has a big, new marketing platform: the 6,121-seat Dunkin’ Park next to downtown Hartford.
M&T Ups Ratio of Money Set Aside for Troubled Loans
The bank still reduced the amount of money it’s set aside for loans going bad last quarter while also seeing both loans and deposits take a dip.
JPMorgan Nearly Doubles Provision for Loan Losses
JPMorgan’s net income rose 9 percent in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but its chief executive warned of global economic uncertainties ahead due to tariff chaos.
Will Tariffs Lead to a Recession?
Should the tariffs remain in place for an extended period, they will likely raise costs and uncertainty for businesses, which could reduce their willingness to hire, invest or expand.
New England Banks Top J.D. Power Satisfaction Rankings
As the national economy inched its way towards a soft landing last year, consumers’ satisfaction with their banks grew.
Zillow Data: Off-Market Listings Fared Worse in Diverse Neighborhoods
Off-MLS listings appear to generate lower sale prices than publicly listed ones in majority-minority neighborhoods, according to new research from Zillow.
