Former Webster CEO Smith decides against run for Connecticut governor

BankThink

Regional banks Law and regulation Economy Webster Bank ConnecticutJames Smith said his late enrollment in the state’s Republican Party meant he would be ineligible to be a candidate in its August primary and that he did not want to disrupt the nomination process.

Former Webster CEO Smith mulls run for Connecticut governor

BankThink

Regional banks Law and regulation Economy Webster Bank ConnecticutJames Smith said he would decide soon whether he’ll seek the Republican nomination for governor. He said he was inspired partly by his recent work on a commission tasked with recommending fixes to the state’s fiscal and economic problems.

Connecticut bank sued for alleged discriminatory mortgage lending

CFPB Monitor

Last week, the Connecticut Fair Housing Center, Inc. filed a complaint against Liberty Bank in Connecticut federal district court alleging that the Bank engaged in discriminatory mortgage lending in violation of the federal Fair Housing Act. The complaint describes the Bank as “the eighth-largest conventional home purchase lender and eleventh-largest refinancer in Connecticut.”. Fair Lending State CFS Monitor State Enforcement CFPB connecticut fair lending redlining

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

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

People's United reports higher profit that reflects recent acquisitions

BankThink

The Connecticut company, which is nearing the threshold to become a systemically important financial institution, has bought three businesses in the past year. Regional banks Earnings SIFIs 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.

People's United to buy national equipment-finance business

BankThink

Regional banks M&A Commercial lending Equipment lease ABS Connecticut PennsylvaniaLeaf Commercial Capital origates about $500 million in loans annually tied to equipment and software purchases.

People's United buys national equipment finance firm

BankThink

Regional banks M&A Equipment lease ABS Connecticut MarylandVend Lease, which is based in Baltimore, focuses on suppliers and vendors in the hospitality industry.

People’s United’s plan to bulk up in Boston: Target tech firms

BankThink

Like so many other small regionals with ambitious growth plans, it faces a tricky balancing act: how to take creative risks without getting in over its head. Regional banks Technology Growth strategies Commercial lending Deposits People's United Bank Massachusetts ConnecticutThe Bridgeport, Conn., company is developing a specialty in banking technology businesses.

Survival strategies from a midsize bank chief

BankThink

Credit quality Risk appetite Regional banks Growth strategies M&A Webster Bank ConnecticutJohn Ciulla, one year in as CEO of Webster Financial, discusses how he is preparing for the next downturn, picking his spots in tech spending, and remaining cautious about M&A.

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

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

BankThink

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

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

A changing of the guard at Webster Financial

BankThink

The Connecticut bank's president, John Ciulla, will succeed longtime CEO Jim Smith, who is retiring after three decades on the job. Succession planning Regional banks Career moves HSAs Commercial lending Webster Bank

Does NCUA’s Restructuring Plan Make CentsSense?

New York's State of Mind

NCUA announced Friday that it plans to shut down Region 1 as part of a restructuring of its operations. Region 3, based in Atlanta, is also marked for death. Region 1 overseas the following states: federally insured credit unions in Connecticut, Maine, Massachusetts, Michigan, New Hampshire, New York, Rhode Island, Vermont, and Wisconsin.

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. With an increasing focus on a brick-and-mortar presence, Amazon is advancing a plan to open a chain of U.S.

Instacart Expands Alcohol Delivery Across The U.S.

PYMNTS

can now have alcohol delivered in as soon as an hour from national, regional and local grocers as well as wine and liquor stores. Instacart, the online grocery company, announced Tuesday (March 12) it has expanded alcohol delivery for customers across the U.S.

US 170

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. Voting in the five-state run today are Connecticut, Delaware, Maryland, Pennsylvania and Rhode Island, and the picture for small and local businesses isn’t fully inspiring. Well… Connecticut. at large or the region.

Mobile Checkout, Resetting Store Experiences And Fairway Market’s Fight To Stay Relevant In NYC

PYMNTS

Today Fairway operates 15 stores in the New York, New Jersey, Connecticut tri-state area, as well as four liquor stores. According to Fairway Market, the move is a first of its kind for grocers in the region.

OCC outlines risk plan as Northeastern loan growth doubles

Abrigio

28 released a report detailing substantially improving conditions among OCC-regulated banks in its Northeastern District, defined as Connecticut, Delaware, the District of Columbia, eastern Kentucky, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Vermont, Virginia and West Virginia. The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent.

Does NCUA’s restructuring plan make centssense?

CU Insight

NCUA announced Friday that it plans to shut down Region 1 as part of a restructuring of its operations. Region 3, based in Atlanta, is also marked for death. Region 1 overseas the following states: federally insured credit unions in Connecticut, Maine, Massachusetts, Michigan, New Hampshire, New York, Rhode Island, Vermont, and Wisconsin. Compliance/Regulation Industry News Henry Meier NCUA NCUA Region 1 State of Mind

Zooming In On SMEs’ Financial Weak Spots

PYMNTS

the Upper Plains region — saw a spike in small business bankruptcy rates, while Connecticut saw the largest increase in this metric in the third quarter. The year’s third quarter was a roller coaster for the U.S. and its businesses, especially when considering the presidential election. But the latest data from Moody’s and Experian suggests small businesses were resilient amid uncertainty. “The U.S.

Oregon 146

Polish National Credit Union Ups 13-Month Add-On CD Rate, 2.83% APY

Deposit Accounts

Availability: Residents of four Massachusetts and three Connecticut counties. Headquartered in Chicopee, Massachusetts, Polish National Credit Unions field of membership (FOM) is residency based, with individuals who live, work, or attend school in the Massachusetts counties of Berkshire, Franklin, Hampden, or Hampshire, or the Connecticut counties of Hartford, Litchfield, or Tolland eligible to join. Forum. Banks. Savings Accounts. Checking Accounts. CD Rates. Money Market.

Top 15-Month CD (3.15% APY) At American Eagle Financial Credit Union

Deposit Accounts

Availability: Residents of Hartford, Middlesex, New Haven, and Tolland Counties, Connecticut. citizens and resident aliens who live, work, worship, or attend school in the Connecticut counties of Hartford, Middlesex, New Haven, and Tolland eligible to join. Availability: Residents of Hartford, Middlesex, New Haven, and Tolland Counties, Connecticut. | About Us. Forum. Banks. Savings Accounts. Checking Accounts. CD Rates. Money Market. IRA Rates. Featured 1-Year CD Rates.

Connex Credit Union (CT) Offers Money Market Special (2.05% APY)

Deposit Accounts

Availability: Residents of Fairfield, Hartford, Middlesex, and New Haven Counties, Connecticut. Headquartered in North Haven, Connex Credit Union’s field of membership (FOM) is residency based, with individuals who live, work, worship, or attend school in the Connecticut counties of Fairfield, Hartford, Middlesex, and New Haven eligible for membership. The Membership Application is also available as a download and can be returned to any of the above mentioned Connecticut branches.

Scient FCU (CT/MA/NY/RI) Has Limited-Time 50-Month CD (3.00% APY)

Deposit Accounts

Availability: Easy membership requirement for residents of Connecticut, Massachusetts, New York, and Rhode Island; 90+ SEGs, including Pfizer. Headquartered in Groton, Connecticut, Scient Federal Credit Union’s field of membership (FOM) includes all residents of Connecticut, Massachusetts, New York, and Rhode Island through membership in the American Consumer Council. | About Us. Forum. Banks. Savings Accounts. Checking Accounts. CD Rates. Money Market. IRA Rates.

Behind Whole Foods’ Vendor Summit, New Landscape For Sellers — And Buyers

PYMNTS

At issue is the way Whole Foods is repositioning itself in the new, Amazon-led era, where a national focus supplants the regional and local one, where the supply chain and the way fees are levied up and down that supply chain are changing too. Now, these same vendors have to work with Daymon, a retail strategy firm based in Connecticut and its subsidiary, SAS Retail Services. When it comes to the grocery business, relationships are as easy to bruise as an overripe apple.

Milford Bank's (CT) New Kasasa Cash Earns 3.00% APY Up To $15k

Deposit Accounts

Availability: Market area is New Haven County, Connecticut. Headquartered in Milford Connecticut, Milford Bank’s market area is primarily the city of Milford, but the residents of coastal New Haven County are welcome to apply. Opening a Kasasa Cash and a Kasasa Saver account (or any other Milford Bank account) must be done at any of six full-service Connecticut branches, which are located in Milford (5) and Stratford. Forum. Banks. Savings Accounts. Checking Accounts.

First County Bank (CT) Adds 15-Month CD, 3.00% APY

Deposit Accounts

Availability: Market area includes at least Fairfield County, Connecticut. First County Bank is headquartered in Stamford, Connecticut, with branches throughout Fairfield County. Anyone who lives or works in Connecticut qualifies, as long as they come into a branch. Residents of western Connecticut qualify. First County Bank is currently Connecticut’s ninth largest bank, with assets in excess of $1.5 | About Us. Forum. Banks. Savings Accounts. Checking Accounts.

Why Banks Merge: Listen to the Sellers

Jeff For Banks

North Akron Savings Bank customers will gain] access to a broader choice of financial products and services comparable to those offered by the large banks operating in the region." - Steve Hailer, President and CEO of North Akron Savings Bank on the bank''s sale to Peoples Bancorp, Inc. September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call.

11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Yet, in recent years, cash-strapped transportation agencies have been shutting down rest areas in many states, including Florida, Michigan, Ohio, and South Dakota, along with an initiative to do so in Connecticut.

Savings Institute B&T Adds No-Penalty 17Mo Access CD, 2.75% APY

Deposit Accounts

Availability: Connecticut and Rhode Island. Headquartered in Willimantic, Connecticut, Savings Institute Bank & Trust’s market area includes Connecticut and Rhode Island. SIB&T is currently the ninth largest bank in Connecticut, with assets in excess of $1.5 The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region.

Navigant Credit Union (RI/CT/MA) Adds 13-months Special CD, 2.50% APY

Deposit Accounts

Availability: Residents of Rhode Island, and nearby Connecticut and Massachusetts (determined by Zip Code). Headquartered in Smithfield, Rhode Island, Navigant Credit Union’s field of membership (FOM) includes the residents of Rhode Island, and residents of nearby Massachusetts and Connecticut , with eligibility determined by Zip Code. | About Us. Forum. Banks. Savings Accounts. Checking Accounts. CD Rates. Money Market. IRA Rates. Featured 1-Year CD Rates. Useful Resources.

Pioneer Valley FCU Offers 49-Month CD Special

Deposit Accounts

Availability: Easy membership requirement for residents of Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. Headquartered in Springfield, Massachusetts, Pioneer Valley Credit Union’s field of membership (FOM) covers six states, with residents of Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont, eligible for membership by joining the Massachusetts chapter of the American Consumer Council ($5 lifetime membership fee).

The Case for Improving Work for People with Disabilities Goes Way Beyond Compliance

PYMNTS

In its strategy to help employees with disabilities build long-term careers, Unilever partnered with Connecticut’s Department of Rehabilitation Services and Southeastern Employment Services to launch a training and placement program. Yenpitsu Nemoto/Getty Images. As Chieko Asakawa walks around IBM’s campus, she explores new ways of getting from point A to point B. She recognizes the faces of colleagues approaching her and greets them.

It’s planning season – is regulatory compliance a top priority?

CU Insight

It is owned by Maryland-based servicing partner AffirmX, CU Solutions Group and five regional leagues, which include Mountain West, Maryland/DC, Cornerstone, Indiana and Connecticut.

First Republic Bank Adds 28-Month CD Special

Deposit Accounts

Availability: Market area includes California, Connecticut, Florida, Massachusetts, New York, and Oregon. Headquartered in San Francisco, First Republic Bank’s market area includes California (both Northern and Southern), Connecticut, Florida, Massachusetts, New York, and Oregon. The CD Special can be opened in person at any of 69 full-service branches located in California (54), Connecticut (1), Florida (1), Massachusetts (4), New York (8), and Oregon (1). | About Us. Forum.

Washington Trust (RI/CT/MA) Adds 4-Year Promo CD (3.00% APY)

Deposit Accounts

Availability: Market area is Rhode Island, southwest Connecticut, and the portion of Massachusetts near Providence (RI). Headquartered in Westerly, Rhode Island, Washington Trust’s market area includes Rhode Island, southeast Connecticut, and that portion of Massachusetts near Providence (RI), with eligibility determined by Zip Code. The Bank also has a branch in Mystic, Connecticut. | About Us. Forum. Banks. Savings Accounts. Checking Accounts. CD Rates. Money Market.

WauBank Offers High Yield Savings And Six CD Specials

Deposit Accounts

Availability: Online market area includes Arizona, Connecticut, Florida, Massachusetts, Rhode Island, Tennessee, and Virginia. Accounts can only be opened online and WauBank’s market area includes Arizona, Connecticut, Florida, Massachusetts, Rhode Island, Tennessee, and Virginia. The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region.

Navigant Credit Union (RI) Celebrates 100 Years With 24-month CD

Deposit Accounts

Availability: Rhode Island, and nearby Connecticut and Massachusetts (determined by Zip Code). Headquartered in Smithfield, Navigant Credit Union membership is open to the residents of Rhode Island, and residents of nearby Connecticut and Massachusetts, with eligibility determined by Zip Code. Related Pages: Navigant Credit Union , Rhode Island , Connecticut , Massachusetts. Dedicated to Deposits: Deals, Data, and Discussion. Forum. Banks. Savings Accounts. Checking Accounts.

UniBank for Savings Boosts 8-Month CD Special to 2.75% APY

Deposit Accounts

Availability: Online market area includes Connecticut, Massachusetts, and Rhode Island. Headquartered in Whitinsville, Massachusetts, UniBank offers its services and product line to residents of Connecticut, Massachusetts, and Rhode Island through its online banking platform. The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region.

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

Deposit Accounts

Availability: Rhode Island and New London County, Connecticut. Headquartered in Westerly, Rhode Island, Westerly Community Credit Union’s field of membership (FOM) is residency based, with individuals who live or work in Rhode Island or New London County, Connecticut eligible for membership. | About Us. Forum. Banks. Savings Accounts. Checking Accounts. CD Rates. Money Market. IRA Rates. Featured Savings Rates. Useful Resources. Banking Essentials.