Report: B’port could struggle to fund its retirees

Some of Bridgeport’s retiree programs may be casualties of underestimated city financial burdens, according to a new report.

Phoenix's insurance unit posts $39M loss

The insurance flagship of Hartford's The Phoenix Cos. Inc. suffered a $39 million statutory net loss for the quarter ended March 31 but not before upstreaming millions of dollars in dividends to its...

CT's Rockville Bank plans $36M share buyback

Vernon's Rockville Financial Inc. said Monday it will sweeten shareholder value by repurchasing 10 percent, or $36 million, of its shares in the coming months.

Skinner promoted at 360 Federal Credit Union

Peter Skinner has been promoted to strategic operations manager at 360 Federal Credit Union in Windsor Locks.In addition to retaining responsibility...

CT blesses Charter Oak CU, Quiet Corner merger

State banking regulators have approved the merger of Groton’s Charter Oak Federal Credit with Putnam’s tiny Quiet Corner Community Credit Union.

The Stag’s dividend upcoming

Hartford Financial Services Group Inc. will pay a dime a share on July 1 to common stockholders on record by June 3.

Simsbury Bank parent sets dividend

Simsbury Bank parent SBT Bancorp Inc. will pay 14 cents a share on June 14 to common stockholders on record by June 3.

Branford’s CASMed ups bank debt $1.5M

CAS Medical Systems Inc.’s borrowing of an extra $1.5 million requires the Branford biodevice maker pay only the interest for two years, followed by a balloon payment once it matures three...