Meriden Mortgage Company Buys Illinois Lender
Planet Home Lending LLC, a national mortgage lender and servicer based in Meriden, says it’s bought retail lender Platinum Home Mortgage Corp.
TD Bank Calls Off Planned Merger
TD Bank Group had called off its planned acquisition of a Tennessee-based regional bank that would have expanded TD Bank’s presence in the U.S. Southeast.
Salisbury Shareholders Approve NBT Merger
The merger between Lakeville-based Salisbury Bank and NBT Bank has moved a step closer to completion after Salisbury’s shareholders voted in favor of the deal.
Homepoint to Sell Wholesale Mortgage Channel
Michigan-based wholesale lender Homepoint plans to stop originating mortgages and sell its wholesale channel. The lender said in a statement on Friday that the company has agreed to sell certain assets of its wholesale originations channel to The Loan Store Inc., a...
Salisbury Bank, NBT Respond to Lawsuits Against Merger
Lakeville-based Salisbury Bank and NBT Bank face two lawsuits challenging their proposed merger and have disclosed additional information about the deal in response to the litigation and requests from other shareholders.
M&T CEO Assesses Conversion; Bill to Investigate Banks Moves Ahead
A bill that Connecticut’s attorney general said would give his office authority to investigate possible violations of consumer laws, including at banks like Buffalo-based M&T Bank, has moved forward in the state legislature. But some committee members want more input from Connecticut’s banking commissioner on the bill.
Two More Credit Union Mergers Planned
Connecticut’s credit union consolidation continues in 2023 with two more mergers planned.
Salisbury Driven to Merger by Succession, Recruitment Difficulties
Concerns about upcoming executive retirements and the need to recruit commercial lenders helped drive Salisbury Bank and Trust’s parent company to seek a merger.
Merger With Finex Credit Union Will Keep FCCU’s Lending Business
East Hartford-based Finex Credit Union will keep First Connecticut Credit Union’s indirect lending business under the FCCU name when the two credit unions complete their proposed merger this year.
Salisbury Bank to Merge into NBT Bank
The parent company of NBT Bank, which has two branches in Connecticut, has agreed to acquire Lakeville-based Salisbury Bank in a deal that will see Salisbury’s CEO join NBT Bank.
Sikorsky Credit Union Plans Acquisition
Two more Connecticut credit unions plan to merge, as Stratford-based Sikorsky Credit Union looks to acquire a small municipal institution.
Movement Mortgage to Acquire Mortgage Network
South Carolina-based Movement Mortgage plans to acquire Massachusetts-based Mortgage Network Inc. in a deal that Movement Mortgage said would expand its East Coast market share.
Sound Federal Credit Union Taking on Two Mergers
Stamford-based Sound Federal Credit Union has completed one merger this month and plans to acquire another credit union that has made multiple merger attempts in recent years.
Citizens to Acquire College Planning Platform
Providence-based Citizens Financial Group Inc. plans to acquire an online college planning platform that the bank said would strengthen its ability to advise prospective college students.
Scient Federal Credit Union Completes NLMECU Merger
Groton-based Scient Federal Credit Union and New London Municipal Employees Credit Union have completed their merger.
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.
American Challenger Could Sell Itself After Merger Called Off
After the termination of its planned merger with Patriot Bank, Stamford-based American Challenger Corp. could put itself up for sale.
Patriot Bank, American Challenger Merger Called Off
Just weeks after receiving regulatory approval to merge, the parent company of Patriot Bank and American Challenger Development Corp. have terminated their merger agreement.
Webster Bank Establishes $6.5B Community Benefits Plan
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.
Cambridge Trust to Acquire Massachusetts Bank
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.
