PeoplesBank’s President Named to CT Bankers Association Board
The Connecticut Bankers Association members unanimously elected the association’s officers and board members for the 2025-2026 term
PeoplesBank, Cornerstone Bank to Merge
A significant player in the central Connecticut banking market and a prominent Worcester-area lender say they plan to merge holding companies, the latest pair of mutual banks to combine using this increasingly popular method.
PeoplesBank Hits $4B Assets, Plans to Open Two CT Branches
PeoplesBank has made three major announcements to the start of the year: reaching the $4 billion mark in assets, executive changes and promotions in its top leadership team and plans to open two more branches in Connecticut.
Banks Turn to ITMs to Evolve Branches
Some banks are using video-enabled ATMs to free branch staff to provide higher-touch advice and service to customers.
PeoplesBank to Open ‘at Least’ Four ITMs in CT Branches
Massachusetts-based PeoplesBank is set to open “at least” four units of its video and virtual assistant-enabled teller machines or interactive teller machines, also known as ITMs, in the Hartford metro area.
PeoplesBank to Open South Windsor Branch
Holyoke, Massachusetts-based PeoplesBank plans to open a new branch in South Windsor later this year.
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.
ITMs Key Tools During Pandemic
While the closing of bank and credit union lobbies has sent many customers to drive-up windows or online tools, a community bank in East Granby has another option for servicing someone who shows up at the branch: an interactive teller machine offering a face-to-face connection with a staff member.
Steady Pace of Bank Mergers a Product of Rising Costs, Interest Rates
After a seemingly quiet couple of years, bank mergers and acquisitions have picked up in Connecticut. And lenders are challenged to deal with the disruptions they cause in customers’ lives.
Fed’s Third Rate Cut Could Boost Banks’ Fortunes
While community banks have seen their profits come under pressure this year as the spread between what’s paid on deposits and earned on loans continued to flatten, Wednesday’s decision by the Federal Reserve to cut interest rates for the third time this year could help reverse that trend.
PeoplesBank Completes Acquisition of Suffield Bank
The parent company of Holyoke, Massachusetts-based PeoplesBank has completed its acquisition of The First National Bank of Suffield, the bank said last week.
Holyoke-Based PeoplesBank Moves into Connecticut with Acquisition
Holyoke-based PeoplesBank is expanding into Connecticut.
