article thumbnail

Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

People’s United Bank, which operates across Connecticut, southeastern New York state, Massachusetts, Vermont, Maine and New Hampshire, recently demonstrated the growing interest of community banks to collaborate with FinTechs to expand their product offering — just as larger national and multinational financial institutions (FIs) do.

Regional 214
article thumbnail

Webster Financial predicts loan growth of 5%-7% in 2024

American Banker

Several regional banks have projected minimal growth or even a decline in lending this year. But Connecticut-based Webster is bullish based on its pipeline of nonoffice commercial real estate, public finance and other credits, CEO John Ciulla says.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York To Sunbelt State Tourists: Stay Home

PYMNTS

With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. Phil Murphy and Connecticut Gov. New York Gov. Andrew Cuomo, New Jersey Gov.

New York 227
article thumbnail

Why this regional bank is dumping N.Y. multifamily loans

American Banker

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

article thumbnail

What finally brought M&T and People's United together

American Banker

M&T had long coveted the Connecticut regional but couldn't make a deal work. Their merger is the latest example of regional banks joining forces to compete in an industry undergoing rapid transformation.

article thumbnail

The Acela Primary Underway In States Where Businesses Are Struggling

PYMNTS

Through the PYMNTS/CAN Capital Store Front Business Index , we’ve been tracking the data on business health and growth in each state and then stacking those results against the regional and national picture. Well… Connecticut. at large or the region. at large or the region. Why so serious? percent growth.

article thumbnail

Amazon Advances Grocery Store Plans

PYMNTS

The eCommerce retailer is also reportedly eyeing grocery spaces in New Jersey, Connecticut and the New York metro region. It is likely that the first couple of locations will be in the dense suburban Los Angeles locales of Studio City and Woodland Hills, with another reportedly planned for Irvine in Orange County.