Connecticut

TNB Corp., which plans to offer deposits to institutional investors, would not have branches or retail deposits.

Gene Bruyette, a co-founder of Keefe, Bruyette & Woods, the investment bank that became one of the most prolific advisors on bank merger deals, has died. He was 90.

Webster Financial's profits barely grew in the third quarter from a year earlier, as solid revenue gains were offset by increased costs from the Waterbury, Conn., lender's expansion into Boston.

Patriot National Bancorp in Stamford, Conn., disclosed in a regulatory filing that it will increase its loan-loss reserve for the quarter by nearly $2 million to reflect "information and further analysis regarding the full collectability" of a loan issue.

Patriot National Bancorp in Stamford, Conn., is in the market for a new chief executive.

Banco do Brasil, the largest bank by assets in South America, wants to make more of a name for itself in the United States. It expects a new online banking platform to help draw mainstream consumers, and says an expansion from South Florida into the Northeast is likely.

People's United Financial in Bridgeport, Conn., has agreed to buy a New York wealth-management firm.

Webster Financial's investments in its Boston expansion program and HSA Bank subsidiary contributed to an 11% increase in noninterest expense. However, the spending spike was more than offset by 10% loan growth and record noninterest income at the Waterbury, Conn., company.

People's United Financial in Bridgeport, Conn., has agreed to buy Suffolk Bancorp in Riverhead, N.Y.

State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.