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Pandemic pushed more banking online, but branches will stick around

Pandemic pushed more banking online, but branches will stick around
ctpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ctpost.com Daily Mail and Mail on Sunday newspapers.

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Bridgeport-based People's United Bank to lay off 747 workers

Bridgeport-based People s United Bank to lay off 747 workers
Luther Turmelle
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The People’s United Bank headquarters in downtown BridgeportNed Gerard / Hearst Connecticut Media
Buffalo-based M&T Bank has told state officials it will lay off 747 People’s United Bank employees starting Oct. 1 as part of the merger between the two financial institutions.
M&T officials notified Connecticut Department of Labor officials in a letter received by the agency Thursday. The layoffs will be spread out over 16 locations across Connecticut and will be implemented over a period from Oct. 1 to May 20, 2022, according to the federal Worker
Adjustment and Retraining Notification received by the agency. ....

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Middletown-based Liberty Bank to close six CT branches

The closings represent roughly 10 percent of the bank’s branch network in Connecticut. ....

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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 of downtown, at 100 Pearl St.
Indeed, Liberty has written a greater portion of loans outside of Connecticut than is typical for banks of its size, thanks in part to a strong niche in timeshare vacation property financing. ....

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Santander Bank to close four of its 28 CT branches in August

Santander Bank to close four of its 28 CT branches in August
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A Santander Bank branch in West Hartford, Conn. The bank is closing branches in Plainville, Farmington, East Windsor and Waterbury on August 6.Michael Hamad / Hearst Connecticut Media
Santander Bank is closing four of its 28 branches in the state, including one in New Haven County, according to a federal agency that charters, regulates and supervises all national banks.
Bank officials told the federal Office of the Comptroller of Currency they are closing branches in Plainville, Farmington, East Windsor and Waterbury on August 6.
Santander has a branch on East Main Street in Waterbury, in addition to the one at 184 Chase Avenue that is closing. ....

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