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Labor sends early New Year's message to Lamont: Keep public-sector jobs

With 2022 looming as a watershed year, state employee unions and their allies are moving preemptively to stop Gov. Ned Lamont from accelerating the public sector’s decline in Connecticut. Labor leaders and their allies rallied Wednesday, urging lawmakers to reject an administrative effort to gradually replace thousands of state workers with technology — particularly while the coronavirus exacerbates the need for public services.
United States Saud Anwar Ned Lamont Dannellp Malloy Kevinp Lembo David Glidden

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Liberty Bank targets Hartford commercial market for next big growth opportunity

As the COVID-19 pandemic recedes, Connecticut’s largest mutual bank is pursuing a commercial loan incursion into Hartford and the surrounding region. While it’s the third largest Connecticut-based lender by deposits, Middletown’s Liberty Bank has not historically been a big player in the Hartford market. In fact, it currently doesn’t have a branch in the Capital City, but it’s starting to plant its flag. The bank just opened two new loan offices in Hartford, including one in the heart...
United States New Haven East Longmeadow Fairfield County John Carusone Carlos Mouta

In wake of mega-mergers, no drastic pivots — yet — for CT's community banks

Following two of the largest mergers and acquisitions Connecticut’s banking industry has ever seen, the chasm between larger lenders and community banks has widened even further. The pending acquisition of People’s United Financial by New York’s M&T Bank announced in February will create a regional behemoth with $200 billion in total assets. People’s United’s home-state rival Webster Financial wasted no time responding, announcing last month a merger with New York-based Sterling Natio...
United States Fairfield County Jared Shaw John Ciulla Cynthia Merkle David Glidden

Growing Divide: In wake of mega-mergers, no drastic pivots — yet — for CT's community banks

Following two of the largest mergers and acquisitions Connecticut’s banking industry has ever seen, the chasm between larger lenders and community banks has widened even further. The pending acquisition of People’s United Financial by New York’s M&T Bank announced in February will create a regional behemoth with $200 billion in total assets. People’s United’s home-state rival Webster Financial wasted no time responding, announcing last month a merger with New York-based Sterling Natio...
United States Fairfield County Jared Shaw John Ciulla Cynthia Merkle David Glidden

On the Move: Black Hall Outfitters, Firestone opening in Westbrook, Middletown

On the Move: Black Hall Outfitters, Firestone opening in Westbrook, Middletown Larry McHugh FacebookTwitterEmail 1of3 Larry McHugh is president of the Middlesex County Chamber of Commerce in Middletown.Contributed photo / Larry McHughShow MoreShow Less 2of3 LabCorp of Cromwell held a grand opening April 14. From left are Middlesex County Chamber of Commerce Cromwell Division Chairman Rodney Bitgood, Regional Manager of Business Development of the Connecticut Division Brian Bartel, Associate Vic...
United States Middlesex County Jeff Pugliese Rob Kronenberger Kevin Elak Wetmore Marina

A More Virtual Reality: Pandemic shifts bank branch and tech strategies into high-gear

By Michelle Tuccitto Sullo The coronavirus pandemic has fast-tracked banking habits and trends that many in the financial industry thought would be years away. Customers who only wanted to do their transactions at branches have over the last year increasingly tried digital tools for the first time, and learned they prefer them. A decline in in-person transactions means less need for brick-and-mortar branches. While New Haven area bankers don’t foresee branches disappearing entir...
New York United States New Haven Old Saybrook West Haven North Haven

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