The U.S. Department of Housing and Urban Development said it will launch multiple investigations into the lending practices of certain mortgage lenders to determine if they illegally denied families mortgages because the mother is pregnant or a family member is experiencing a short-term disability.

The financial picture at Enfield’s New England Bancshares Inc. improved in the second quarter, with its profits rising to $681,000, compared to a $181,000 loss reported during the same period in 2009.

Delaware’s Wilmington Trust Corp., which operates a Stamford office, has elected its CEO, Donald E. Foley, as board chairman.

Second quarter profits at Hudson City Bancorp, which operates a handful of bank branches in the southeastern part of Connecticut, increased 11.5 percent to $142.6 million from $127.9 million in the second quarter of 2009

Increased housing commitments swelled U.S. taxpayers’ total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said Wednesday.

Sovereign Bank has partnered with Liberty Mutual Insurance to sell its personal insurance products in bank branches in Connecticut and seven other states.

People’s United Financial Inc. has promoted Chantal Simon and Robert Trautmann to senior executive vice president.

A third state appears to be pursuing charges against a Greyhound bus driver charged in one of the bank robberies believed to have been committed by a man dubbed the burly bandit by the FBI.

The charitable foundation of Stamford’s First County Bank has awarded $37,500 to Norwalk nonprofits that help children and families cope with unemployment, housing and child safety.

Waterbury’s Webster Financial Corp., the holding company for Webster Bank, declared a regular quarterly cash dividend of 1-cent per common share, payable Aug. 16 to shareholders of record on Aug. 2.

Retail banks are making less profit on average from customers since the financial crisis as price-sensitive consumers shop around and become more demanding, according to a report released Monday.

Waterbury’s Webster Financial Corp. posted a second-quarter profit that beat analysts’ estimates, as the top New England lender set aside less money for bad loans.

Stamford’s Student Loan Corp. said its second quarter net income slipped to $20.8 million from $25.3 million in the same quarter of 2009.

New Britian’s McCue Mortgage Co. said it has taken over the servicing of 2,600 loans totaling approximately $400 million for the Connecticut Housing Finance Authority (CHFA) that were formerly serviced by the now defunct Countrywide Home Loans of California.

Bank of America Corp. reported second-quarter earnings on Friday that topped expectations, saying that its consumer loan businesses had made up for a drop in trading revenue.


Windsor Locks-based 360 Federal Credit Union has high hopes for its new check cashing service, pitching it as a way to serve the mostly “unbanked” residents near its Enfield office, while also bringing in fee income.


Bridgeport’s People’s United Financial, the holding company for People’s United Bank, said it will acquire banks in Long Island and Greater Boston.

A man who is charged with robbing the Chestnut Hill branch of Fairfield County Savings Bank was arraigned yesterday.

JPMorgan Chase & Co. posted higher-than-expected second-quarter earnings Thursday after setting aside less money to cover bad loans, lifting investor hopes that bank results are returning to normal.