Industry News
Nothin’ But Net
By Matt Brown | Commercial Record Staff Writer | June 14, 2012 | Reprints | Unlock LinkAs soon as it closed its acquisition of the Connecticut Bank & Trust Co. (CBT), Berkshire Hills Bancorp began pursuing Geno Auriemma.
In Good Times And Bad, Community Bankers Gather Together
By Joseph J. Greco | Special To The Commercial Record | June 14, 2012 | Reprints | Unlock LinkCCBA is committed to encouraging the continuous improvement of safe and sound business principles and practices for its members to help them better serve the families and small businesses in their communities. We do this, in large part, by providing a forum in which bankers and our industry partners can develop and exchange ideas and experience. Bankers gain firsthand knowledge of the latest news, innovation and services impacting our industry, while our industry partners also gain direct access to the decision-makers in our institutions.
Vendor Management Doesn’t Have To Be A Pain
By Dan Vassallo | Special To The Commercial Record
 | June 14, 2012 | Reprints | Unlock LinkIt probably comes as no surprise that vendor management is not going away.
What’s In Your e-Wallet?
By D. Bryan Kratz | Special To The Commercial Record | June 14, 2012 | Reprints | Unlock LinkA perfect storm of change is disrupting the way we pay for goods and services and manage our financial information, transforming commerce and raising consumer expectations.
New Rules Of Technology Help Banks Meet Customer Needs
By Joe Trafton | Special To The Commercial Record | June 14, 2012 | Reprints | Unlock LinkWhat does it mean that more smartphones than PCs were shipped in North America last year? That Internet banking increased by more than 25 percent over the last five years, but branch and ATM transactions grew by less than 10 percent over the same period? That Charles Schwab now offers a Smart Phone app to trade stocks?
Bank Site Selection Is A Science
By Bill Simmons | Special To The Commercial Record | June 14, 2012 | Reprints | Unlock LinkWhile big banks may not have easily weathered the financial crisis, many community banks were and continue to be robustly healthy, and are looking to grow.
Time For Low-Cost, High-Impact Marketing Strategies
By Sally Mounts | Special To The Commercial Record | June 14, 2012 | Reprints | Unlock LinkAre you marketing your bank\’s programs and services by the old standard or the gold standard?
JOBS Act Provides Benefits Of Going Public, With Fewer Strings Attached
By Edward D. Bambauer | Special To The Commercial Record | June 14, 2012 | Reprints | Unlock LinkThe JOBS Act, passed by Congress and signed by President Obama in early April, offers banks an alternative means for raising capital. Using the “Emerging Growth Company” (EGC) approach, banks can obtain capital through investors with only two years of audited financial statements and more limited public financial reporting than currently required of banks registering stock.
Small Business Is Big Business For Community Banks
By Lisa Engley | Special To The Commercial Record | June 14, 2012 | Reprints | Unlock LinkThere is a significant “sea change” in financial services, as many banks attempt to re-align their approach to the small-business market.
Conn. Budget Bill Allows Phased-In Revaluations
June 13, 2012 | Reprints | Unlock LinkConnecticut cities and towns are being given the option to phase in revaluations of local property for up to five years.
MBA: Mortgage Demand Up 18 Percent
June 13, 2012 | Reprints | Unlock LinkThe Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 18 percent in the week ended June 8.
TD Signs Citizens, Webster Veteran To VP Job In Mansfield
June 13, 2012 | Reprints | Unlock LinkTD Bank has named Carol F. Polsky the store manager of its Mansfield location at 95 Storrs Road in Mansfield Center.
Nutmeg Financial Makes Cunningham Marketing Officer
June 13, 2012 | Reprints | Unlock LinkNutmeg Financial, MHC, holding company for Naugatuck Savings Bank and Sutherland Insurance Co., has promoted Marylou Cunningham to marketing officer.
BOA Expects $230M In Savings Per Quarter On Debt
June 13, 2012 | Reprints | Unlock LinkBank of America Corp. expects to reduce its long-term debt by about $40 billion in the second quarter, eliminating interest expense of $230 million per quarter going forward, Chief Financial Officer Bruce Thompson said.
Euro Up Amid Spain Debt Worries
June 13, 2012 | Reprints | Unlock LinkThe euro edged up against the dollar on Wednesday as investors trimmed hefty bearish positions, but worries about debt turmoil in Spain and nerves ahead of elections in Greece kept the common currency under pressure.
Natural Health Co. Purchases Simsbury Property
June 12, 2012 | Reprints | Unlock LinkB3G LLC, doing business as Ravenswood Natural Health, has purchased 1606 Hopmeadow St. in Simsbury for $513,000 from M&S Hopmeadow Enterprises LLC.
Waterbury Hospitals\’ Proposed Merger Spurs Hopes And Concerns
June 12, 2012 | Reprints | Unlock LinkThe hopes and tensions underlying the proposed acquisition and merger of Waterbury’s two hospitals were exposed during a public forum in Hartford Monday.
Shew Joins Wethersfield Office Of PCR
June 12, 2012 | Reprints | Unlock LinkElaine Shew has joined Prudential Connecticut Realty as a full-time sales executive in Wethersfield.
Freezer Firm Buys Hamden Building
June 12, 2012 | Reprints | Unlock LinkTaylor Freezer of Connecticut has purchased a single-story, 20,000-square-foot industrial building in Hamden for $250,000.
Simsbury Retail, Office Plaza Sells For $1.2M
June 12, 2012 | Reprints | Unlock LinkThe Farms Village Retail Plaza in West Simsbury has sold for $1.2 million.