Page 8 - David Glidden News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 of downtown, at 100 Pearl St. Indeed, Liberty has written a greater portion of loans outside of Con...

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 National Bank, which will have $63 billion in combined assets. Once the deals are finalized, those 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 National Bank, which will have $63 billion in combined assets. Once the deals are finalized, those banks ...

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 Vice President, FQHC Northeast Diagnostics, Joe Palughi; LabCorp Vice President Ken Sprague, Town Manag...

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 entirely, they do think more will close, and the ones that remain will likely be further apart and have a...