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Banking & Finance

First Niagara’s earnings fall on charges, costs

The New York parent of First Niagara Bank, which has an extensive Connecticut branch network, said restructuring costs, an amortization charge and “seasonal weakness” resulted in lower...

Savings Institute parent reverses loss

Windham’s SI Financial Group, parent of Savings Institute Bank and Trust Co., said it booked a first-quarter profit of $906,000, due mainly to higher interest and dividend income from its...

Farmington Bank's 1Q net soars

Farmington Bank's parent saw first-quarter net climb 40 percent on surging interest-income from loans and belt tightening.

Webster Bank trio promoted to SVP

Waterbury lender Webster Bank promoted three of its officers to senior vice president.

Simsbury Bank's Zern calls it a career – again

Gregory Seay |

Howard R. Zern, whose 40-year Connecticut banking roots trace from the old Hartford National to his current post as Simsbury Bank's retail-banking and technology chief, is retiring – for a...

People's United profits up 1% on Boston, CT expansions

Bridgeport lender People's United Financial Inc. said its first-quarter profits ticked up 1 percent, largely due to commercial banking growth in Boston and a boost to its wealth management business...

Webster's 1Q climbs on loans, fees

Gregory Seay |

Webster Bank's Waterbury parent posted a 15.3 percent gain in first-quarter net income from increased commercial-loan bookings and transaction fees.

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.

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