Connecticut

Nutmeg State Financial Credit Union is the first CU in Connecticut to offer in-branch DMV services — a move that could drive new growth at the credit union.

The company will snag its first branches in three towns in Connecticut and Rhode Island after buying locations from Webster Financial.

James 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.

James 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.

CorePlus Federal Credit Union will acquire Connecticut Community CU in a merger expected to close later this year, pending regulatory and member approval.

Since stepping down as CEO of Webster Bank last month, James Smith has spent much of his time co-chairing a panel tasked with solving his home state’s fiscal and economic woes. Banks, and perhaps even fintechs, could be a part of its comeback story, he says.

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.

Patriot National in Connecticut would become the latest community bank to ramp up small-business lending with its $81 million deal to acquire Hana Financial's much larger SBA lending unit.

Nick Moalli succeeds John Keet, who is retiring from the credit union after nearly two decades there.

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan.

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

Connecticut-based CU surpasses 50,000 members just months after hitting $500 million in assets.

A double-digit increase in the size of the Connecticut company's commercial book factored heavily into its improved second-quarter results.

But the Connecticut company says the efficiencies of its recent acquisition of Suffolk Bancorp will begin to be realized soon.

Leaf Commercial Capital originates about $500 million in loans annually tied to equipment and software purchases.

Plimoth Investment Advisors, a firm owned by two mutuals in Massachusetts, is buying the business.

Joseph Greco previously served as CEO of Southern Connecticut Bancorp, which sold itself to Liberty Bank in 2013.

The Dorchester, Mass.-based CU liked COCC’s robust functionality.

The Massachusetts-based CU liked COCC’s cooperative business model.

The Connecticut bank said a spike in business lending and residential mortgages gave its fourth-quarter earnings a boost.