Groton-based Scient Federal Credit Union and New London Municipal Employees Credit Union have completed their merger.
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.
After the termination of its planned merger with Patriot Bank, Stamford-based American Challenger Corp. could put itself up for sale.
Just weeks after receiving regulatory approval to merge, the parent company of Patriot Bank and American Challenger Development Corp. have terminated their merger agreement.
Following its merger this year with Sterling Bancorp, the parent company of Stamford-based Webster Bank has established a $6.5 billion community benefits plan that will invest in the communities within the bank’s footprint.
Massachusetts-based Cambridge Trust Co., which has expanded its wealth management business into Connecticut, plans to acquire another Massachusetts bank for its third bank deal in four years.
Six weeks after completing its acquisition of Bridgeport-based People’s United Bank, M&T Bank has named two regional presidents for the Connecticut market, both from within M&T.
Meriden-based Planet Home Lending LLC, a national mortgage lender and servicer, has agreed to acquire a correspondent lending channel of Michigan-based Home Point Financial Corp., a mortgage originator and servicer and a subsidiary of Home Point Capital Inc.
Credit union consolidation in Connecticut continues as two more institutions plan to merge.
M&T Bank completed its acquisition of People’s United Bank on April 1, more than a year after the banks announced the deal.
The parent company of bankHometown, which has several branches in Northeastern Connecticut, plans to acquire another Massachusetts bank later this year.
The merger of small credit unions with other institutions continues in Connecticut, with two deals already this year.
Buffalo-based M&T Bank expects to complete its acquisition of Bridgeport-based People’s United Bank on or around April 1, the banks said in a statement yesterday.
More than a year after announcing plans to acquire Bridgeport-based People’s United Bank, Buffalo-based M&T bank has received the final regulatory approval needed to complete the merger.
Patriot Bank’s parent company will now be the surviving entity following its merger with American Challenger Development Corp., a change from the original merger agreement between the two Stamford-based companies.
More than a year after announcing plans to acquire Connecticut-based People’s United Bank, the CEO of Buffalo-based M&T Bank remains committed to the merger and to maintaining a presence at People’s United’s Bridgeport headquarters.
Michigan-based Flagstar Bank’s home loan centers in Danbury and Rocky Hill will continue to operate after Flagstar’s expected acquisition by New York Community Bank.
The parent company of TD Bank has agreed to acquire a Tennessee-based regional bank in a deal that will make TD Bank one of the six largest banks in the United States.
With M&T Bank and People’s United Bank still waiting for federal regulatory approval one year after announcing merger plans, the banks have extended their merger agreement for another three months.