Webster Bank's Jim Smith: Biz community must speak with 'united voice'

Ahead of the first meeting of a newly formed commission on fiscal stability and economic growth, the group's co-chair – outgoing Webster Bank CEO and Chairman Jim Smith – talked Friday...

CSCU board authorizes system consolidation

The Connecticut State Colleges and Universities Board of Regents has voted overwhelmingly to restructure CSCU, consolidating 12 community colleges into one accredited institution.

MetroHartford Alliance's Wheeler named interim CEO

MetroHartford Alliance investor relations executive Nancy Wheeler has been named interim CEO of MetroHartford Alliance as of Jan. 1.

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Mohegan Sun Nov. slot revenue inches up

Mohegan Sun said Friday it posted a slight gain in slot revenues for the month of November.

Pratt snags $6.7B contract to maintain Air Force fighter jet engines

East Hartford jet engine maker Pratt & Whitney has secured a $6.7 billion contract to maintain F119 aircraft engines for U.S. Air Force fighter jets, the U.S. Department of Defense (DOD) said.

Cigna buys Calif. health technology firm

Bloomfield health insurer Cigna said it has acquired Santa Monica, Calif., health tech firm Brighter Inc. for an undisclosed sum.

Legislature eyes holiday session to fix social services program

With partisan feuding providing the final push Thursday, the state legislature now will come into session between between Christmas and New Year's Day to reverse an unpopular cut to a social services...

CT's preliminary conclusion: Millstone profitable through 2035

State energy officials concluded in a preliminary report released Thursday that the Millstone nuclear power station in Waterford will be profitable through 2035, undercutting its owner's assertion...

Report: Home energy cost burden rises

Higher heating prices last winter posed a more “crushing burden” on the state's low-income population, according to energy-assistance nonprofit Operation Fuel.

Horizon Tech stakes $15M in nasal-device maker

Farmington specialty financier Horizon Technology Finance Corp. says it committed to lending $15 million to a Silicon Valley startup devising devices to treat a variety of nasal ailments.

Malloy, legislators in a new standoff over budget priorities

After battling to a stalemate over competing fiscal priorities, legislative leaders and Gov. Dannel P. Malloy are grudgingly confronting a new reality: They can repair a relationship fractured since...

Sources: MetroHartford Alliance's Griebel to run for governor

Oz Griebel, who's been a stalwart in the Greater Hartford business community for years as CEO of the MetroHartford Alliance, will run for governor in 2018, according to sources familiar with his...

Mohegans' Pa. casino fined $1M for business irregularities

Mohegan Sun Pocono, a Wilkes-Barre, Pa. casino owned by Mohegan Gaming & Entertainment, has been fined $1 million for free slot play and vendor relationship irregularities, Pennsylvania authorities...


Top small business lenders in Connecticut

Ranked by 2016 market share of dollars loaned to small businesses

RankLenderCT Market share
1Webster Bank, Waterbury12.31%
2Bank of America, Charlotte, NC11.52%
3American Express FSB, Salt Lake City, UT9.32%
4Wells Fargo Bank, San Francisco, CA6.24%
5People's United Bank, Bridgeport5.15%

Source: Reprinted with permission of GeoDataVision LLC, a financial markets intelligence company located at 61 North Plains Industrial Road in Wallingford. Special thanks to Len Suzio, 203-530-1544

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