Faced with a tough regulatory environment and driven by a desire to keep growing, Farmington Bank announced today that it will join the ranks of institutions looking to convert from mutual to stock.

Naugatuck Valley Financial Corp., the parent company of Naugatuck Valley Savings and Loan, reported net income of $254,000 for the fourth quarter ended Dec. 31, 2010, a 62.9 percent decrease compared to net income of $684,000 for the fourth quarter ended Dec. 31, 2009.

Don and Joan Anderson, of Ansonia, were the winners of New Britain-based McCue Mortgage’s “Best of the Holidays” contest, winning a check worth one month’s mortgage payment.

The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of the country’s metropolitan areas into dire financial straits.

Essex Savings Bank reported $2 million in net income for the fiscal year ended Sept. 30, 2010, the same amount the financial institution reported for its fiscal year ended Sept. 30, 2009.

Fundamental changes need to be made to the Norwalk-based Financial Accounting Foundation’s (FAF) system of standard setting, including the creation of a new board, to be overseen by the FAF, according to a recent report.

Farmington Bank has contributed $25,000 to the Plainville Blue Dolphin Parents Association, which will help efforts to bring a new scoreboard and timing system to the Plainville High School pool.

After years of virtual exile from the home loan arena, is the adjustable-rate mortgage staging a quiet comeback? Could an ARM be on your shopping list the next time you need to buy a house or refinance?

People’s United Bank took another bite out of Massachusetts last week, surprising few industry insiders with its plan to buy Danvers Bancorp.

Personal bankruptcy filings in Connecticut rose more than 14 percent to 9,887 in 2010, up from 8,641 in 2009, according to a new report from The Warren Group, publisher of The Commercial Record.

New Haven-based NewAlliance Bancshares Inc., the holding company for NewAlliance Bank, has reported net income of $58 million in 2010, a 25 percent increase from 2009’s $46.4 million.

Waterbury-based Webster Financial Corp., the holding company for Webster Bank, declared a regular quarterly cash dividend of 1-cent per common share.

The government says it will sell 465.1 million warrants it holds from Citigroup Inc. in an auction today. It is the latest effort to recoup costs from the $700 billion financial bailout.

A Guilford man faces sentencing for luring at least 10 people to buy shares in his investment firm and using $2 million to pay personal expenses and make lulling payments to his victims.

Darien Rowayton Bank has arranged and closed a $6.5 million loan to Clearwater Acquisitions LLC, a company owning Greenwich real estate occupied by Miller Motor Cars.

The Jewett City Savings Bank Foundation recently donated $3,500 to three local libraries.

Bridgeport’s People’s United Financial Inc., which made news yesterday after announcing it will buy Massachusetts’ Danvers Bancorp, has reported a more than $7 million increase in fourth quarter profits.