Market Conditions Drove Demise of Proposed CT De Novo
Deteriorating market conditions led the team looking to open Connecticut’s first new bank in more than a decade to voluntarily abandon those plans.
Application Withdrawn for New Canaan De Novo Bank
Connecticut will not have a de novo bank in the near future after organizers of a planned bank in New Canaan withdrew their application.
First Mutual Bank in 50 Years Soon to Open in New England
The U.S. will soon see a new mutual bank launch for the first time in nearly 50 years now that bank regulators have approved a New Hampshire-based de novo bank.
CT’s First Community Bank in a Decade Proposed
As the banking landscape continues to change amid factors ranging from mergers and branch closings to fintech competition and consumer behaviors, a group in Fairfield County sees an opportunity to open a new traditional brick-and-mortar community bank.
Afragola Part of Group Looking to Open New Bank
A longtime New Canaan banking executive has joined a group looking to open a new state-chartered bank.
The Case for Narrow Banking
When the Federal Reserve began paying interest on reserves, James McAndrews saw an unmet demand in the institutional investor marketplace for a safe deposit service that would pay a more competitive interest rate. From this has sprung McAndrews’ latest venture, TNB USA Inc.
CT Department of Banking Grants TNB Extension on Certificate of Authority
The Connecticut Department of Banking has granted TNB USA Inc. an 18 month extension on its temporary certificate of authority, which will allow the bank to keep operating.
Upcoming Meeting for TNB USA Could Determine Fate of De Novo
A meeting to be held by Connecticut Banking Commissioner Jorge Perez on Friday could have broad implications for one of the state’s de novo banks, which is operating under a temporary certificate of authority.
Everything We Know so Far About Nexos National Bank
The new bank – Connecticut’s second in two years – would focus on consumers in Westchester and Fairfield counties, with an eye towards technology-minded customers and businesses.
De Novo National Bank Proposed for Stamford
Plans are underway to open a new national bank in Stamford.
Former United Bank Executive Plans to Head New MA De Novo Bank
For the first time in nearly a decade, there is a proposal to form a new bank in Massachusetts.
SunTrust Bank Planning Branch In Greenwich
SunTrust Bank, a Georgia-chartered commercial bank and subsidiary of SunTrust Banks Inc., filed an application earlier this month with the Connecticut Department of Banking to open a fiduciary limited de novo branch in Greenwich.
