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Banking & Finance

Simsbury Bank’s 2Q net climbs

SBT Bancorp Inc. posted higher second-quarter net, fueled with gains from loans and dividends.

New Haven neuro-drug maker going public

New Haven’s Marinus Pharmaceuticals said its stock will begin trading Thursday on the Nasdaq Global Market under the symbol MRNS.

Fitch sticks with AA rating, negative outlook for CT bond sale

Fitch Ratings has assigned a “AA” rating and “negative” outlook to $510 million in Connecticut general obligation bonds set for an Aug. 6 sale.

Farmington Bank’s N. Britain ATM opens

Farmington Bank debuted Wednesday a walk-up automated teller machine kiosk on the border of New Britain’s Central Connecticut State University.

Webster Bank parents sets payouts

Webster Financial Corp., Waterbury parent of Webster Bank, declared its regular common- and preferred-stock dividends.

Fund inflows drive Virtus' 2Q net higher

Virtus Investment Partners Inc. posted a 34 percent climb in second-quarter net on strong inflows into its fund products and other assets.

50+ yrs. later, Rockville-United’s Jeamel tees up in retirement

Gregory Seay |

After more than a half-century in New England banking, Joseph F. Jeamel Jr. found it awfully hard to break away into retirement.

Lower 2Q taxes boost First Niagara profits

The New York parent of First Niagara Bank, which has a Connecticut branch network, said its second-quarter profits grew 4.1 percent, mainly thanks to lower income taxes and an uptick in interest...

Merger costs redden United Financial's 2Q

Glastonbury's United Financial Bancorp Inc. says costs tied to its merger three months ago with a former Springfield rival drove its profits into the red in the second quarter.

McDowell, Healey seated on bank boards

Farmington Bank and its parent First Connecticut Bancorp Inc. Wednesday elected two members to their respective boards of directors.

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