State Coverage: Connecticut
Still Under Credit Stress, Webster Posts Another Loss
American Banker | Oct 23Webster Financial in Waterbury, Conn., said Thursday that its loss in the 3Q deepened by 20% from the year earlier, to $26.1M, as credit quality continued to sour.
PE Firm to Invest $115M in Webster
American Banker | Jul 28Webster Financial Corp. of Waterbury, Conn., is getting a $115 million infusion from the private-equity firm Warburg Pincus LLC.
Hartford Bets $20 Million That Insurers Qualify for Tarp
American Banker | Apr 06Hartford Financial Services Group is infusing $20 million into a troubled Florida thrift to keep it afloat, buying time in hopes the Treasury Department will allow insurers ...
Conn. Banks Have a Deal
American Banker | Jan 16New England Bancshares Inc. in Enfield, Conn., has agreed to buy the struggling Apple Valley Bank and Trust Co. in Cheshire, Conn., for $7.3 million in cash and stock.
Connecticut Alters Efforts to Spur Small-Business Lending
American Banker | Nov 05Connecticut is sweetening its small-business loan programs in hopes of enticing bankers there to increase lending.
Patriot National Profit Falls
American Banker | Aug 08Patriot National in Stamford, Conn., said Thursday that its 2Q profit fell 26% from a year earlier, to $396,000, as declining property values and weak home sales in its market ...
NewAlliance to Record Loss
American Banker | Jul 24NewAlliance Bancshares Inc. in New Haven, Conn., said Monday that it would record a pretax loss of $28.3 million spread over two quarters to restructure its balance sheet.
People's of Connecticut Looks Like Buyer with Its $3B
American Banker | Apr 13A second-step conversion completed Wednesday has armed People's United Financial Inc. in Bridgeport, Conn., with $3.3 billion and the potential to be a powerful dealmaker.
SI Financial's Deal for Connecticut Mortgage Company Called Off
American Banker | Apr 03SI Financial Group Inc. in Willimantic, Conn., said Monday that it has terminated its deal to buy Fairfield Financial Mortgage Group Inc. in Danbury, Conn., because of anticipated changes in the regulation of mortgage companies.
Seven More States Take Up ILC Branch Debate
Stacy Kaper contributed to this article. | Mar 07WASHINGTON — The number of states debating legislation that would block Wal-Mart Stores Inc. and other commercial companies from using an industrial loan company to offer in-store banking services has more than doubled, to 12.
4Q Earnings: Property/Casualty Boosts Hartford's Results
American Banker | Jan 29Lower catastrophe costs and growth from property/casualty and retail products businesses helped Hartford Financial Services Group Inc. post strong fourth-quarter earnings growth.
In Brief: Webster Net Income Off 17% in Quarter
American Banker | Jan 19Webster Financial Corp. reported fourth-quarter net income of $37.8 million, down 17% from a year earlier.
N.E.'s Biggest Mutual Thrift Looks to Buy
American Banker | Jan 09Eastern Bank in Boston has not been much of an acquirer in recent years, but that could change under its new chairman and chief executive, Richard E. Holbrook.
Legacy of Mass. Eyes Expansion into Nearby States
American Banker | Dec 18Flush with capital from its $95 million public offering last year, Legacy Bancorp Inc. in Pittsfield, Mass., is eyeing its first-ever retail expansion into neighboring states.
Branching Before Buying in HSBC's U.S. Strategy
American Banker | Aug 10HSBC Holdings PLC has said it is not interested in buying a U.S. banking company right now, but it continues to expand here organically and has sought permission to enter two retail markets.
