Rhode Island mutual to gain Connecticut branches via acquisition

BankThink

Community banking M&A Growth strategies Rhode Island ConnecticutCentreville Bank will pay $116 million in cash for PB Bancorp.

Crossing state lines: Peoples to enter Connecticut with first acquisition

BankThink

has agreed to buy First Suffield Financial in Connecticut for $60 million. Community banking Consolidations M&A Connecticut MassachusettsPeoplesBancorp in Holyoke, Mass.,

Retired banker’s tall order: Fix Connecticut’s economy

BankThink

Economy Small business lending Fintech Affordable housing Commercial banking Community banking Webster Bank ConnecticutSince stepping down as CEO of Webster Bank last month, James Smith has spent much of his time co-chairing a panel tasked with solving his home state’s fiscal and economic woes. Banks, and perhaps even fintechs, could be a part of its comeback story, he says.

Connecticut group applies for national bank charter

BankThink

Community banking De novo institutions Digital banking CapitalNexos National Bank would be led by Gordon Baird, a former Citi executive. A former New York banking commissioner is set to join the proposed bank's board.

First Connecticut Commits $5M to Small-Business Lending in Mass.

American Banker

First Connecticut Bancorp in Farmington has committed to making $5 million in small-business loans over the next year. small-business commercial-lending breaking_news community-banking

People's United to cross $50B in assets with United Financial deal

BankThink

The Connecticut company will add heft in its home state and Massachusetts when it buys the former mutual. Community banking Regional banks M&A Capital Growth strategies Connecticut Massachusetts

KeyCorp to buy digital platform from Conn. community bank

BankThink

M&A Fintech Student loans Community banking Ohio ConnecticutThe online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

FASB unanimously approves CECL delay for most lenders

BankThink

Loan-loss provisions CECL Community banking FASB ConnecticutThe accounting board delayed implementation for the majority of banks and credit unions until 2023.

Emboldened by CECL delay, industry seeks repeal

BankThink

CECL Community banking Credit unions FASB ConnecticutAfter FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more.

People's United lines up first bank deal since SIFI threshold was raised

BankThink

The Connecticut company will have nearly $48 billion in assets after it buys First Connecticut Bancorp. Regional banks Community banking M&A Capital Growth strategies SIFIs Connecticut

Patriot National won't let reg order stifle its small-business plans

BankThink

The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway. Community banks Enforcement actions Small business lending SBA Connecticut

Fee income provides lift to Webster’s quarterly profit

BankThink

The Connecticut company also reported modest loan growth and a greatly improved net interest margin. Community banking Earnings Revenue and expenses Connecticut

Commercial lending, wider margin boost Webster's profit

BankThink

A double-digit increase in the size of the Connecticut company's commercial book factored heavily into its improved second-quarter results. Community banking Earnings Commercial lending Connecticut

How a congratulatory call on one bank deal led to another

BankThink

Bob Mahoney, CEO of Belmont Savings, called Jack Barnes after People's United agreed to buy a Connecticut bank. Community banking M&A Growth strategies Capital Connecticut MassachusettsThe banks announced their own merger agreement five months later.

Sageworks Lending Solution helping community banks and credit unions grow

Abrigio

Earlier this month, John Holt, CEO of Nutmeg State Financial Credit Union appeared on Better Connecticut to discuss how Nutmeg FCU was fulfilling its commitment to helping small businesses in their community by implementing a new digital loan application process. For many community banks and credit unions, lending to small businesses is difficult because smaller loans cost as much to originate and administer as larger loans, but generate less income for the institution.

Why this bank turns its branches into classrooms

BankThink

It started with financial literacy classes, but now Chelsea Groton Bank in Connecticut is offering crafts and other so-called lifestyle courses, all in an effort to connect with the public and drive traffic to its branches. Community banking Financial literacy Marketing Connecticut

CECL talks could get heated as detractors weigh in

BankThink

CECL Credit quality Regulation/Compliance Community banking Regional banks FASB ConnecticutAt a FASB meeting Monday on proposed changes to the accounting standard, its critics will be given a platform.

Berkshire Hills to enter Rhode Island with SI Financial purchase

BankThink

Community banking M&A Capital Growth strategies Massachusetts Connecticut Rhode IslandThe $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.

United Financial in Conn. to enter new markets with branch purchase

BankThink

The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial. Community banking M&A Branch network Branch deals Connecticut Massachusetts Rhode Island

Credit Union League of Connecticut – Improving the financial futures of the next generation through Biz Kid$

CU Insight

The Credit Union League of Connecticut (CULC) recognizes the importance of receiving financial education at a young age. Currently, the state of Connecticut does require personal finance courses for graduation, and credit unions across the state have been working on ways to fill that financial education gap. The Credit Union League of Connecticut already has a robust Financial Reality Fair program , providing hands-on experiential learning to more than 17,000 students each year.

Deal for Hana lending unit to raise Patriot National's SBA profile

BankThink

Patriot National in Connecticut would become the latest community bank to ramp up small-business lending with its $81 million deal to acquire Hana Financial's much larger SBA lending unit. Small business lending M&A Growth strategies Connecticut

This bank scrapped its SBA playbook for a better one

BankThink

Patriot National in Connecticut planned to build a regional small-business lending operation on its own — until it had a chance to buy a national platform. Small business lending Nonbank M&A Community banking California Connecticut

Alternative lenders try to fill void left by shutdown

BankThink

Small business lending Alternative lending Growth strategies Community banking SBA Connecticut Washington DC Florida California New YorkThe tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

Inside the bank deal that survived after a CEO quit

BankThink

M&A Succession planning Community banking Massachusetts ConnecticutRheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.

Big acquirers find it harder to justify smaller deals

BankThink

Larger community banks are favoring bigger targets — or relying more on organic growth — to expand. Strategic buyers Deposits Growth strategies Georgia Connecticut

When community need overlaps your passion

CU Insight

While attending church one Sunday, David Mategwa, board chair of Kenya’s police credit union, saw a need in his community. Our networks were supportive because concern for the community and education are in the credit union DNA – the cooperative difference. .

Why bank M&A has been so quiet in the Northeast

BankThink

M&A Consolidations Community banking Deposits CRE New York New Hampshire New Jersey Connecticut Maine Massachusetts Vermont Rhode Island PennsylvaniaOnce a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

Mobile apps for community banks: In search of business value

NCR

Aware of the disruptive changes in how banking products and services are delivered, community banks continue adopting new technologies to keep up with competition and customers’ demand. Will a mobile banking app really help to solve community banks’ challenges or is it just a waste of money?

Top ten community posts from 2018

CU Insight

At CUInsight.com we take time the last week of the year to appreciate and recognize the people of the credit union Community that make us feel so grateful to do what we do. The credit union Community provides us with some of the best and most read content on CUInsight.com each year. Below are the Top 10 contributors to the CUInsight.com Community based on reads. by JILL NOWACKI , CREDIT UNION LEAGUE OF CONNECTICUT. The end of the year is a great time to look back.

People's United adds to Boston operations with BSB purchase

BankThink

The Connecticut regional bank will pay $327 million for the parent of Belmont Savings Bank. Community banking M&A Capital Growth strategies Massachusetts

The CUInsight Experience: Jill Nowacki – Do what lights you up

CU Insight

In each episode we have wide ranging conversations with thought leaders from around the credit union community. The goal of The CUInsight Experience is to dive deeper with the people of the credit union community and find gems from their experiences that add value to all of us.

Proof that diversity is not enough

CU Insight

Community Credit Unions Culture Employee Development Credit Union League of Connecticut Jill Nowacki Leadership Management

How This Niche Lender Found a Way to Branch Out

American Banker

A small Connecticut bank takes the plunge into mobile-friendly mortgages in a bid to turn an attractive pool of student-loan borrowers into lifetime customers. marketplace-lending dealmaking-strategy mortgage community-banking

The CUInsight Experience podcast: Jill Nowacki – Bring your whole self (#37)

CU Insight

Jill has contributed to the Community over the years. Welcome to episode 37 of The CUInsight Experience podcast. Hosted by Randy Smith , co-founder of CUInsight.com. In this episode, Randy is talking to Jill Nowacki , President and CEO of Humanidei , a human capital strategy firm launched this summer to help organizations become workplaces of choice for today’s workforce.

Study 22

Bucking Convention, These Banks Are Adding Staff in Their Branches

American Banker

CenterState in Florida and Union Savings in Connecticut are adding specialists to their retail locations at a time when many other banks are cutting back or have been relying heavily on universal bankers.

Key to Digital Banking: Pair Techies with Customer-Facing Staff

American Banker

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. … community-banking consumer-finance digital-banking mobile mortgage student-loans bank-technology

To Win in Digital Banking, Get Techies Talking to Service Reps

American Banker

Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. … community-banking consumer-finance digital-banking mobile mortgage student-loans bank-technology

Westerly Community Credit Union (RI/CT) eChecking Now Earns 3.00% APY

Deposit Accounts

Offers & Promotions Westerly Community Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. Westerly Community Credit Union (RI/CT) eChecking Now Earns 3.00% APY POSTED ON THURSDAY, JUNE 14, 2018 BY Ken Tumin Deal Summary: eChecking, 3.00% APY up to $19,999.99. Availability: Rhode Island and New London County, Connecticut. Please refer to our financial overview of Westerly Community Credit Union (NCUA Charter # 67270) for more details.

Credit Union Soup for the Soul

Your Credit Union Partner

Community Development. I was in Connecticut last week to join friends at Members Credit Union and Nutmeg State Financial Credit Union in celebrating their recent National Juntos Avanzamos (Together We Advance) Award (more on that in a minute). Your Credit Union Partner.

Onsite: 8 states, 4 days, 2 leagues. Inspired because the mission is possible

CU Insight

The first stop was Mystic Connecticut. Jill Nowacki , president and CEO of the Credit Union League of Connecticut, was hosting their leadership conference: Mission Possible. It was awesome to hear all the good going on with Connecticut credit unions first hand and the challenges too.

Challenge accepted: Ideas to add strategic planning impact

CU Insight

Community Management/Leadership challenge Credit Union League of Connecticut football Jill Nowacki strategic planning impactFall is coming, bringing with it some of the year’s greatest offerings: Football season. Perfect running weather. Pumpkin-flavored everything.

Great credit union leaders enable others to boldly act

Your Credit Union Partner

Community Development. Recently, I was fortunate to share a Strategic Advancement presentation at the Connecticut Credit Union Management Program. The leadership program is a two-year program of the Credit Union League of Connecticut designed for rising leaders seeking well-rounded credit union knowledge and development. These effective leaders will build teams that are not afraid to boldly act in the credit unions, members’ and community’s best interests.

Aiming for Earnings

Independent Banker

More than ever, community banks are exploring new ideas and unconventional approaches to achieving greater profitability. on profitability in community banking. Connecticut bank mobilizes hands-on teams to boost branches. Data analytics begins opening new doors to community bank earnings. After all is said and done, profitability equals bottom-line. success. Nothing can happen without it.