Costco-Anchored Retail Plaza Sold To NYC Investor
A New York-based real estate investor has acquired Freshwater/Stateline Plaza, a 300,588-square-foot shopping center anchored by Costco in Enfield.
Billing Company Subleases Space in Branford
A medical billing company has subleased 20,000 square feet at 20 Thompson Road in Branford previously occupied by Seton Nameplate – The Brady Corp.
United Bank’s Growth Fails to Meet Expectations
Competitive pricing continued to slow growth at the parent company of Hartford-based United Bank in the third quarter of 2018.
Westport Man Admits Fraud Scheme, Making False Statements
Barton Stuck, 72, of Westport, plead guilty yesterday in New Haven federal court to multiple offenses stemming from an investment fraud scheme.
Portrait of a Borrower
Since their emergence in the late 2000s, alternative lenders have been regarded as the most significant disruption to the lending business in recent memory, excepting the global financial crisis of 2008.
150K SF Industrial Building Sold in Derby
For the second time in three years, 150 Roosevelt Dr. in Derby was sold by Fischer Commercial Real Estate.
Citigroup Taking Steps to Provide Gender and Ethnicity Wage Data
Citigroup and Arjuna Capital said in a statement yesterday that Citi is taking steps to provide gender and ethnicity wage data in an effort to help closing the pay gap, making it the first U.S. bank to respond to shareholder concerns.
HK Group Completes 3-Building Sale in Westport
HK Group has sold an apartment complex and retail space to a developer who plans to refresh the property and include affordable housing units.
High-Tech Machinery Company Joins North Branford
Precision Measurement Services Corp. has leased 5,000 square feet at 8 B Commerce Dr.
Former CEO of New Haven County CU Prohibited from Working with Credit Unions
James Farrell, the former CEO and president of New Haven County Credit Union, has agreed and consented to comply with the terms of a prohibition order from the National Credit Union Association to settle and resolve all claims against him.
CFPB Report: Credit Card Market Stable, Delinquencies and Charge-Offs Up
The credit card market is stable, but delinquency and charge-offs have modestly increased over the last two years, according to the Consumer Financial Protection Bureau’s biennial report on the state of the credit card market.
KeyBank Promotes Standish-Plimpton To Regional Business Banking Team Leader
Allison Standish-Plimpton has been promoted to senior vice president and business banking team leader for Key Bank’s Connecticut and Western Massachusetts markets. With more than 20 years of experience in commercial banking, she will lead an experienced team of local bankers focused on companies with revenues up to $10 million.
Connecticut Gets F Grade In High School Financial Literacy
Connecticut is one of 11 states to receive an F grade on its efforts to produce financially literate high school graduates, according to an analysis by Champlain College’s Center for Financial Literacy.
Waterbury Connecticut Teachers FCU Names New President
The board of directors of Waterbury Connecticut Teachers Federal Credit Union has recently approved Martin Misset as the company’s new president and CEO, according to multiple media reports.
Banks Under $50B To Win Big Under Proposed Dodd-Frank Relief
The biggest winners in the Senate’s proposed Dodd-Frank relief bill would be banks that have not yet crossed the $50 billion threshold, and not yet incurred the additional compliance costs that accompany that threshold.
US Attorney Daly Resigns
After serving for over four years as United States Attorney for the District of Connecticut, Deirdre M. Daly announced her resignation on Friday, effective midnight that evening.
Blockchain’s Fintech Value Expands To Other Industries
Commerzbank, Bank of Montreal, Erste Group Bank and CaixaBank have joined an initiative launched by UBS Group and IBM Corp. aimed at building blockchain-based technology to support trade finance transactions.
Bankwell Only CT Bank Named Sandler O’Neill Sm-All Star Winner
New Canaan-based Bankwell Bank has received national recognition for its performance over the last year.
Slew Of Industries Team Up To Help Send Kids To Camp
The Simon Konover Co. raised over $140,000 for the 2017 Camp Challenge Ride & Grit ‘N Wit charity event.
Comptroller Lembo Says $93.9M Deficit Will Grow If Budget Gridlock Continues
The state, absent a budget for Fiscal Year 2018, is on track to end the year with a deficit of $93.9 million under the provisions of an executive order by the governor, according to a statement by Comptroller Kevin Lembo.
