As Bernie Madoff faded from the headlines in the past year, Connecticut’s own story of grand-scale financial fraud – and in this case, tragedy – quietly added a new chapter as swindled consumers continued their fight to regain lost money.

Farmington Bank has donated $10,000 to the Rotary Club of Farmington to continue its support of the organization.

Stamford’s First County Bank Foundation has donated $80,000 in grants to eight nonprofit organizations in Stamford.

Nutmeg State FCU has hired John Holt as president and CEO of the $335 million credit union.

Bank-sold annuity premium was relatively consistent throughout the second quarter, according to the Kehrer-Jackson SM Monthly Bank Annuity Sales survey.

Stamford’s Patriot National Bancorp Inc., parent of Patriot National Bank, will extend its purchase agreement with PNBK Holdings LLC to Oct. 15.

Connecticut is abuzz with news that NewAlliance Bank will merge with Buffalo, N.Y.-based First Niagara Bank, and community banks smell opportunity on the wind.


As much of New Haven decried NewAlliance Bank’s announced merger with New York’s First Niagara, William Placke admitted he has reasons for being pleased at the news.

Shareholders of Stamford-based Patriot National Bancorp Inc., parent of Patriot National Bank, have approved several moves that pave the way for PNBK Holding LLC to purchase more than 33 million shares.

The Financial Accounting Standards Board (FASB) will increase in size from five to seven members, the Financial Accounting Foundation (FAF) board of trustees said. Chairman Robert Herz has also decided to retire from FASB after more than eight years.

Hartford-based Geezeo, an online banking provider that offers online financial management tools, personal financial management (PFM), social networking and web-based community platforms to financial institutions, has signed Florida-based Suncoast Schools Federal Credit Union as a client.

Lawsuits by the Connecticut Attorney General accusing three credit ratings agencies with giving artificially low credit ratings to municipalities can proceed in a Connecticut state court, a judge ruled.

People’s United Community Foundation, the philanthropic arm of People’s United Bank, has awarded a total of $100,000 in grants to seven organizations throughout Connecticut, bringing an additional $1.15 million in federal funds to those agencies via the Temporary Assistance for Needy Families (TANF) Emergency Contingency fund.

Jewett City Savings Bank is hosting a local teen video competition focused on the value of saving.

A 2010 Connecticut Quality Improvement Award`s Silver Innovation Prize has been given to New Haven-based Continuity Control, a provider of next generation compliance automation for community banks and credit unions nationwide.

Essex Savings Bank will donate $99,298 to nonprofit community organizations from the directors’ portion of the bank’s Community Investment Program.