Banking and Lending
While lenders might have started the year expecting some rate hikes, the size and speed of rising mortgage rates had significant effects on the spring and summer mortgage markets.
East Hartford-based American Eagle Financial Credit Union has promoted 10 employees across several business units to the role of assistant vice president.
Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales...
A new apprenticeship program that will build a pipeline of diverse talent in accounting and finance has signed Middletown-based Liberty Bank as one of its first employers.
October saw homebuyers’ ability to afford a home tumble yet again according to separate data reports yesterday.
Patriot Bank has hired Thomas E. Slater to be its next chief credit officer.
South Carolina-based Movement Mortgage plans to acquire Massachusetts-based Mortgage Network Inc. in a deal that Movement Mortgage said would expand its East Coast market share.
A mixed-use development under construction in Newington will include grocery-anchored retail space, a new location for Sally’s Apizza and 269 apartments.
Stamford-based Patriot Bank saw third quarter earnings increase by 75 percent year-over-year as the bank has seen its loan portfolio grow nearly 17 percent in 2022.
An Old Saybrook contractor who had no personal bank accounts has pleaded guilty in federal court to tax evasion.
Connecticut Gov. Ned Lamont, hours after winning a second term, said Wednesday he is considering additional steps to help make life more affordable for residents, including extending the state’s gas tax holiday beyond its looming Dec. 1 expiration date.
New Canaan-based Bankwell has named Courtney Sacchetti as its next chief financial officer effective Jan. 1.
Democrat Ned Lamont has won reelection as Connecticut governor, defeating Republican businessman Bob Stefanowski for the second time in four years following a campaign battle that focused on abortion access, crime and the cost of living.
Stamford-based Sound Federal Credit Union has completed one merger this month and plans to acquire another credit union that has made multiple merger attempts in recent years.
In rematch of the election he won four years ago, Connecticut Gov. Ned Lamont is hoping to fend off Republican businessman Bob Stefanowski.
Ginger Fennell, Ion Bank’s chief risk officer and treasurer, has been elected to the Independent Community Bankers of America federal delegate board.
The solid U.S. jobs report for October underscores why the Federal Reserve needs to raise interest rates higher than it had previously forecast in order to control inflation, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Friday.
Luis Ramos, Nutmeg State Financial Credit Union’s chairman, has been named board chair for a national trade group for credit union board members. The National Association of Credit Union Chairs has elected Ramos as chair for the 2022-23 term, the organization said in...
Berkshire Bank’s parent company has increased its quarterly dividend for the first time since cutting it in half more than two years ago.
Thomaston Savings Bank has joined the Alloy Labs Alliance, a consortium of community and mid-sized banks focused on quickening the pace of technology innovation to help banks compete against large, national players.