NBT Completes Merger With Salisbury Bank
NBT Bank has added 13 Salisbury Bank branches to its footprint after the two banks completed their merger on Aug.11.
Fed May Tighten Regulation After Bank Failures, Powell Says
Federal Reserve Chair Jerome Powell said Thursday that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large U.S. banks this spring.
Lamont, Tong Pile Pressure on M&T Over Layoffs
In the wake of reports that M&T Bank would still lay off hundreds of People’s United Bank staff following the two lenders’ merger, Connecticut’s top Democrats are putting pressure on M&T.
FDIC Seeks Comments on Bank Mergers
The Federal Deposit Insurance Corp. has moved forward with plans to review bank merger policies after an attempt late last year to address mergers led to controversy on the FDIC board.
Merger Scrutiny, Open Banking Included in Biden’s Executive Order
President Joe Biden signed an executive order on July 9 targeting what he labeled anticompetitive practices in banking and other parts of the economy, declaring it would fortify an American ideal “that true capitalism depends on fair and open competition.”
Community Groups Watch for Effects of Mergers
With the two largest Connecticut-based banks involved in mergers this year, the deals could have a significant effect on another group: the community development organizations that partner with banks on affordable housing and lending programs.
A Combined Bank Committed to Mutuality
By combining into a single bank, three jointly-owned Litchfield County lenders hope to glean advantages. Stephen Reilly leads the combined Northwest Community Bank as the institution charts a path forward.
