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Banking & Finance

Higher One taps JPMorgan exec as CEO

New Haven consumer financial services provider Higher One Holdings said it has named Marc Sheinbaum as president and CEO.

Horizon recovers investment in energy company

Farmington’s Horizon Technology Finance said it has recovered $9.9 million from a Texas energy storage company in which it had previously invested.

Webster Private Bank hires Peter Russell

Waterbury regional lender Webster Bank has seated New Canaan community banker Peter N. Russell in a newly created post overseeing lending at its Webster Private Bank division.

Usurious lenders settle with CT for $400K+

Three lenders accused of imposing usurious rates on cash-strapped Connecticut borrowers have been ordered to repay them, state regulators say. One lender paid a $350,000 fine.

Rockville-United merger set for April 30 close

The stockholder majority at Rockville Bank and United Bank joined state and federal regulators in giving the nod to their banks’ $369 million stock merger set to close at month’s end.

Ex-Webster head Plush joins Santander

Gregory Seay |

Former Webster Bank head Gerald "Jerry "Plush is resuming his banking career as chief financial officer for Spanish lender Santander Bank's U.S. parent, one of Webster's biggest New England...

NU gets 'stable' outlook

Fitch Ratings said it has affirmed the debt ratings of Northeast Utilities and its subsidiaries and given each a ‘stable’ outlook.

Bankwell Financial to acquire Hamden's Quinnipiac Bank

The parent company of New Canaan's Bankwell Bank said Tuesday it will expand beyond Fairfield County through the purchase of Hamden's Quinnipiac Bank & Trust for about $15 million.

Rockville-United merger awaits investors’ nod

Merger partners Rockville Bank of Glastonbury and United Bank of West Springfield have cleared their final regulatory hurdle and now await the approval of their stockholders to close their $369...

CT seeks to safely 'crowd' in on funding startups

Gregory Seay |

Connecticut businesses should have access to the hot trend of online “crowdfunding,” but the state needs more time to craft protections for both investors and startups, lawmakers say.

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