Banking and Lending
A Gradual Return To Normalcy
By Laura Alix | Commercial Record Staff | September 19, 2013 | Reprints | Unlock LinkHow low can you go? Just when you thought interest rates couldn\’t get much lower, they jumped a full percentage point in June. While that\’s a positive sign for banks squeezed by razor-thin margins, it also means the robust refi market\’s days are numbered, and Connecticut banks are moving accordingly.
Retiring Bankers\’ Bank Northeast CEO To Lead CCSU Banking, Finance Program
September 18, 2013 | Reprints | Unlock LinkPeter Sposito, who will step down as president and CEO of Glastonbury-based Bankers’ Bank Northeast at the end of the month, has been appointed as the American Savings Foundation Endowed Chair in Banking and Finance at Central Connecticut State University’s School of Business.
United Bank Promotes Fogel
September 17, 2013 | Reprints | Unlock LinkJordan Fogel has been promoted to assistant vice president at United Bank’s loan production office in Glastonbury. He was previously a loan officer.
Webster Bank To Hold Grand Opening For Waterbury Banking Center
September 17, 2013 | Reprints | Unlock LinkWebster Bank tomorrow will hold a grand opening ceremony for its new flagship banking center in Waterbury at 137 Bank St.
Net Interest Income Down, Noninterest Income Up At Naugatuck Savings Bank
September 17, 2013 | Reprints | Unlock LinkNaugatuck Savings Bank offset its drop in net interest income for the first half of the year with an increase in noninterest income and a decrease in loan losses and also originated more than $120 million in loans for the same time period.
Dime Bank Gives $10K To Nonprofit Health Center
September 16, 2013 | Reprints | Unlock LinkNorwich-based Dime Bank recently awarded United Community Families & Services (UCFS) $10,000 toward its capital campaign.
Simsbury Bank Promotes Barber
September 16, 2013 | Reprints | Unlock LinkDeborah Barber has been promoted to assistant vice president and Community Reinvestment Act (CRA) officer at Simsbury Bank.
Banking Dept., FDIC Shutter Bridgeport Bank
By Laura Alix | Commercial Record Staff | September 16, 2013 | Reprints | Unlock LinkCustomers of The Community’s Bank woke up to a real-life bank depositor’s nightmare this past Friday the 13th, when the state Department of Banking and the FDIC declared the Bridgeport-based bank insolvent and shuttered its doors.
Jamsheed Receives Department of Defense Patriot Award
September 12, 2013 | Reprints | Unlock LinkJackie Jamsheed, senior vice president of continuous improvement and operating risk management at Webster Bank, has received the Department of Defense Patriot Award from the Employer Support of the Guard and Reserve (ESGR).
Rockville Bank To Open North Haven Branch
September 12, 2013 | Reprints | Unlock LinkRockville Bank this week announced plans to open a full-service bank branch in North Haven, in line with its growth strategy to extend along the I-91 corridor from New Haven to Hartford.
Combining Macro And Micro Models In Credit Analysis
By Tony Hughes | Special To The Commercial Record | September 12, 2013 | Reprints | Unlock LinkMany times I have heard people in the finance industry describe aggregate-based modeling approaches as “quick and dirty,” implying that they are appropriate for filling short-term modeling needs, perhaps as a stop-gap measure for a looming stress-test deadline.
The Biggest Unanswered Question About Retiring In America
September 12, 2013 | Reprints | Unlock LinkAmerica has moved to a system where nearly everyone is expected to save and invest for their retirement. Yet remarkably little attention has been paid to the big question: what should people do with their money when they actually retire?
Yes, Security Measures Do Prevent Fraud
By Robert Bessel | Special To The Commercial Record | September 12, 2013 | Reprints | Unlock LinkThe reporter was nearly screaming at me: “I don’t have time for SecureMail! Just give me the #$%^& file!”
Chase Connecticut Middle Market Promotes, Hires Employees
September 11, 2013 | Reprints | Unlock LinkBill Creaser has been named a Chase Connecticut middle market senior banker.
Lisitano Joins Simsbury Bank
September 11, 2013 | Reprints | Unlock LinkAnn Lisitano has joined Simsbury Bank as a mortgage loan advisor.
Feds Seek To Legalize Marijuana Industry Banking
September 11, 2013 | Reprints | Unlock LinkThe Justice Department and federal banking regulators will help clear the way for financial institutions to transact business with the legitimate marijuana industry without fear of prosecution, Deputy Attorney General James Cole told Congress on Tuesday.
Webster Bank To Hold Grand Opening For Storrs Banking Center
September 11, 2013 | Reprints | Unlock LinkWebster Bank will hold a grand opening ceremony for its new banking center in Storrs on Thursday.
Essex Savings Bank “Recycles” Income To Nonprofits
September 10, 2013 | Reprints | Unlock LinkEssex Savings Bank recently announced another round of funding to area nonprofits through its Community Investment Program, which “recycles” 10 percent of the bank\’s after-tax net income to local nonprofits.
Bankwell Name Change Official Today
September 10, 2013 | Reprints | Unlock LinkThe Bank of New Canaan, Bank of Fairfield and Stamford First Bank officially changed their names today to Bankwell.
MBA: Mortgage Credit Availability Decreases 0.7 Percent In August
September 9, 2013 | Reprints | Unlock LinkMortgage credit availability decreased in August, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from the AllRegs Market Clarity product. The drop comes after four consecutive months of increases.
