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Banking & Finance

Report: CT down payments among nation's highest

Down payments on 30-year fixed-rate mortgages in Connecticut are among the highest in the country, as a percentage of the overall price, according online lending exchange LendingTree.

Outflows whipsaw Virtus' 2Q net

Virtus Investments Inc.'s second-quarter net income plummeted in half as customers for the Hartford wealth-manager's mutual-fund and other investment products withdrew funds faster than the pace of...

Groton lender’s Glastonbury office open

Chelsea Groton Bank’s new loan production office at 273 Hebron Ave. in Glastonbury is now open.

SI Financial shutting E. Lyme branch

Windham lender Savings Institute Bank & Trust is closing its East Lyme branch this fall, citing customers’ growing use of online banking and other self-service options.

Ridgefield firm invests $5M in Calif. solar

Ridgefield-based Southridge Capital announced that it has purchased $5 million in equity with California energy company Andalay Solar.

Investors flock to $116M of CHFA bonds

Investors fell over themselves to buy slices of the Connecticut Housing Finance Authority's initial batch of $161 million in bonds to fund affordable mortgages for single-family homebuyers –...

Simsbury Bank’s 2Q net surges

The parent of Simsbury Bank & Trust more than doubled its second-quarter net profit as a result of strong mortgage lending.

Middlesex County tops in credit-card frugality

Middlesex County residents have some of the lowest levels of credit card debt in the country, according to consumer finance website SmartAsset.

Biotech boosts CT’s 2Q venture funding

After a slow start to the year, venture funding in Connecticut surged in the second quarter thanks largely to continued investor interest in biotechnology companies.

Fitch warms to CT as $500M debt-issue looms

Connecticut taxpayers got some good credit news Thursday that likely will save them money on a slated $500 million state bond sale on Aug. 4, the state treasurer says.

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