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Banking & Finance

Berkshire Bank's 3Q nets gains

Gregory Seay |

The Massachusetts parent of Berkshire Bank, which has Connecticut operations, posted an 8-percent gain in third-quarter net earnings.

CT's securities chief comes full circle with Hartford base

Gregory Seay |

In 1991, Lynn McKenna-Krumins, at the time fresh from UConn with her business degree in hand, got a job in downtown Hartford, working at Advest Inc., then one of Connecticut's best-known independent...

2nd Glastonbury retail center brings $26.6M

Gregory Seay |

For the second time in days, a Glastonbury retail center has changed hands, this one for $26.6 million.

Canadian fintech firm wins top VentureClash prize

Matt Pilon |

A Toronto-based financial technology upstart expects to bring jobs to Connecticut by early next year, after winning a $1.5 million equity investment Thursday night in Connecticut Innovations'...

People's United's 3Q net climbs

Gregory Seay |

People's United Financial Inc. saw third-quarter net rise 8.8 percent.

Webster's 3Q net flat

Gregory Seay |

Webster Financial Corp., parent of Webster Bank, posted flat third-quarter net profits despite record income from loans.

Farmington Bank parent profits drop 9.5%

Patricia Daddona |

First Connecticut Bancorp, Inc., the holding company for Farmington Bank, posted a 9.5 percent decline in profits in the third quarter, the company said this week.

United Bank's 3Q net up 5.8%

Gregory Seay |

United Bank’s parent said its third-quarter earnings increased 5.8 percent as the Glastonbury lender saw higher revenues from loans.

B of A remains CT’s market share leader

Bank of America's market share lead in Connecticut has narrowed over the past year, despite the Charlotte-based lender increasing its deposit base in the state by nearly 1 percent.

Study: CT’s unfunded pensions holding state back

Patricia Daddona |

A new report from the conservative American Legislative Exchange Council cites Connecticut as having the state's worst unfunded public pension situation in the country.

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