Ion Bank to Join with New Jersey Mutual Lender
Naugatuck’s Ion Bank has agreed to merge with New Jersey-based mutual bank NVE Bank, making the second New Jersey bank Ion as acquired in two years.
Ion Bank Opens Southington Branch, Adds EV Charging
Ion Bank is opening its new 22nd branch in Southington. And it comes with a new benefit for customers: an electric vehicle charging station.
Mongillo Joins Ion Bank Wealth Management Group
Ion Bank’s wealth management group, Ion Investments, has brought on Amanda Mongillo as vice president and life insurance director.
Silvi Sboui Joins Ion Bank
Naugatuck-based Ion Bank has hired Silvi Sboui as vice president and cash management sales officer.
Cesar Abreu Joins Ion Bank
Naugatuck-based Ion Bank has hired Cesar Abreu as an assistant vice president and branch manager for its Wallingford Branch.
Ion Bank’s Fennell Named to ICBA Delegate Board
Ginger Fennell, Ion Bank’s chief risk officer and treasurer, has been elected to the Independent Community Bankers of America federal delegate board.
Ion Bank Adds to Board of Directors
As part of its recently completed acquisition of New Jersey-based Lincoln 1st Bank, Ion Bank’s board of directors has appointed David Scelba as a trustee of the bank’s holding company and member of the bank’s board of directors.
Ion Seeks Survival Through Mutual Mergers
David Rotatori does not want to be Ion Bank’s last president and CEO. The Naugatuck-based bank made big moves this year that will help the $1.7 billion-asset institution commit long-term to mutuality.
Naugatuck’s Ion Bank to Acquire New Jersey Bank
Naugatuck-based Ion Bank plans to expand into Northern New Jersey by merging with Lincoln 1st Bank.
Ion Bank Hires Two AVPs for New South Windsor Branch
Naugatuck-based Ion Bank has hired two assistant vice presidents for its new South Windsor branch.
Ion Bank Opens South Windsor Branch
Naugatuck-based Ion Bank has opened a new branch in South Windsor, continuing its expansion into Central Connecticut.
Ion Bank Sells Insurance Business
Naugatuck-based Ion Bank has sold its insurance business, Ion Insurance Corp., to a global insurance broker based in Chicago.
Ion Bank Foundation Awards $70K in Grants
Ion Bank’s charitable foundation has awarded $70,025 in grants to 201 nonprofit organizations as part of its Community Awards Program.
Lenders Expect Less Chaos as PPP Resumes
With another round of the Paycheck Protection Program starting this week, lenders will have to manage the process for new loans while still getting through last year’s forgiveness applications.
2021 Could See More of the Same for Lenders
Even as 2020 comes to an end, many of the storylines that dominated the year in banking and lending continue to evolve, likely shaping the industry for months and years to come.
COVID Surge Drives Banks, Credit Unions to Close Lobbies
With the surge in coronavirus cases continuing, some Connecticut banks and credit unions have once again started shutting down their lobbies.
Pandemic’s Demands Reshape How Lenders Adopt Tech
Once a slow, even multi-year process, the speed at which financial institutions adopt new technology could be changing thanks to the tumultuous events of the last six months.
New SVP Joins Ion Financial
The parent company of Naugatuck-based Ion Bank has a new chief human resources officer.
Financial First Responders
Connecticut’s lenders processed as many loans during the PPP’s first few weeks as they would typically do in a year or more. But who made the most loans?
Ion Bank Starts Work on Second Farmington Branch
Naugatuck-based Ion Bank has broken ground on its second branch in the Farmington Valley.
