Industry News
Patriot Bank OCC Enforcement Actions End
By Sam Lattof | July 7, 2026 | Reprints | Unlock LinkPatriot 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.
Collapsed New London Church Being Replaced by Apartments
By James Sanna | July 6, 2026 | Reprints | Unlock LinkA downtown New London church whose steeple collapsed spectacularly in early 2024 has been demolished, and its replacement is getting ready for construction.
These Amenities May Find a Home
By Lew Sichelman | July 2, 2026 | Reprints | Unlock LinkConcierge-like services that ease the demands of everyday life will allow homeowners to tend to other priorities.
What Powered Connecticut’s Top LOs?
By Sam Lattof | July 2, 2026 | Reprints | Unlock LinkEvery 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.
CT Luxury Home Prices Pricing Outperforming Non-Luxury Homes
By Sam Lattof | July 1, 2026 | Reprints | Unlock LinkLuxury homes are seeing prices increase at a greater rate than non-luxury homes across the country, according to a new report from Redfin. The Connecticut luxury market is showing similar trends.
What the Supreme Court’s Ruling Means for Federal Reserve Independence
By Christopher Rugaber | The Associated Press | July 1, 2026 | Reprints | Unlock LinkThe 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.
Investor Pays $42M for Avon Apartments
By James Sanna | June 29, 2026 | Reprints | Unlock LinkA three-building apartment complex in Avon has changed hands, from a Waterbury-based firm to an East Hartford-based investor.
Connecticut Cracks Down on Investor Homebuyer Strategy
By Sam Lattof | June 26, 2026 | Reprints | Unlock LinkInvestors who buy a property and then find a new homebuyer before the initial deal is completed are now required to register with the state of Connecticut.
Real Estate Has Lost Its Way. We Must Return to Our North Star
By Bernice Ross | Special To Commercial Record | June 25, 2026 | Reprints | Unlock LinkThe industry keeps fighting over platforms and policies while agents struggle to do more transactions. And everyone is overlooking hundreds of thousands of potential buyers and sellers.
Big Windsor Office Complex Sells for Pennies on the Dollar
By James Sanna | June 24, 2026 | Reprints | Unlock LinkA 73-acre office property in Windsor has traded hands for around 5 percent of its last sale price two decades ago.
HUD Grants $10.7M for Housing Improvements
June 23, 2026 | Reprints | Unlock LinkThe CT Department of Housing is awarding $10.7 million in grants to five municipalities for infrastructure improvements to support low and moderate-income residents.
Patriot Bank Expands Into Florida
By Sam Lattof | June 22, 2026 | Reprints | Unlock LinkStamford-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
By Christopher Rugaber | The Associated Press | June 22, 2026 | Reprints | Unlock LinkLike 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.
Danbury Hotel Sold for $12M
June 22, 2026 | Reprints | Unlock LinkThe Holiday Inn Express & Suites in Danbury recently sold for just over $12 million.
Liberty Bank Creates ‘AI Center of Excellence’
By Sam Lattof | June 19, 2026 | Reprints | Unlock LinkLiberty 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
By Sam Lattof | June 18, 2026 | Reprints | Unlock LinkIon Bank will be merging with The Cooperative Bank, with the latter operating as a division of the Connecticut-based institution.
Developer Open to ‘Change Course’ at Point Stratford
By Steve Adams | Commercial Record Staff | June 18, 2026 | Reprints | Unlock LinkStratford’s new mayor made it a priority to move forward redevelopment of the former Army Engine Plant property, and to add housing as a component of the new design.
Funding Announced for Cleanup of 12 Blighted Properties
June 17, 2026 | Reprints | Unlock LinkThe state’s Brownfield Remediation and Development Program is releasing $15.2 million in funding to support investigation and cleanup activities on 267 acres of land across the state to prepare the sites for future development.
Patriot Bank Expands High Net Worth Banking Program
By Sam Lattof | June 16, 2026 | Reprints | Unlock LinkWhile 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
By The Associated Press | June 15, 2026 | Reprints | Unlock LinkThe 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.
