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Bankwell Financial Group (BWFG) in New Canaan, Conn., has agreed to buy Quinnipiac Bank & Trust in Hamden, Conn.
April 1 -
BNC Financial Group of New Canaan, Conn., has hired former NewAlliance Bancshares Chief Executive Peyton R. Patterson as its new CEO.
April 17 -
The $625 million-asset BNCF Financial will pay about $5 million in cash for the $75 million-asset Wilton. BNC Financial said it expects no tangible book value dilution after the deal is completed.
June 14 -
The $483 million-asset company issued 370,000 shares of common stock to a prominent financial institution investor, according to a press release Monday. The investor was not named in the release.
September 30
Bankwell Financial (BWFG) in New Canaan, Conn., plans to raise nearly $61 million by selling common and preferred stock.
The $780 million-asset company on Friday filed documents to sell up to $50 million in common stock and nearly $11 million in preferred stock. Bankwell filed to sell 10,980 shares of preferred stock; the filing did not detail how many shares of common stock the company plans to sell or a potential price per share.
Bankwell said it could use proceeds from the offerings to fund loans and buy investment securities through its bank. It could also use some of the funds for acquisitions, including its
The $15 million acquisition is Bankwell's second since hiring
