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Banking & Finance

Windsor specialty underwriter expands its scope

Patricia Daddona |

Windsor specialty insurance underwriter Business Risk Partners (BRP) said Friday it is expanding its financial services, which may lead to more jobs at the company.

Berkshire Bank parent posts 4Q loss

Gregory Seay |

Massachusetts lender Berkshire Hills Bancorp Inc., with Hartford operations, posted a net loss in the fourth quarter.

SI Financial to boost wages

The parent of Windham's Savings Institute Bank & Trust, which has several bank branches in Greater Hartford, has added its name to the list of companies that will increase wages as a result of the...

Tax charge blunts Farmington Bank’s 4Q net

Matt Pilon |

A one-time charge related to the recent federal tax cuts lowered First Connecticut Bancorp’s fourth-quarter earnings, the Farmington Bank holding company announced Wednesday.

United Financial's 4Q net lower

Gregory Seay |

Hartford community lender United Financial Bancorp Inc. posted lower fourth-quarter net income on its way to greater overall earnings for all of 2017.

CT's '17 home sales absorb Dec. slump

Gregory Seay |

Statewide homes and townhouse/condominium sales and median prices rose in 2017 despite slumping in both categories at yearend, Realtors say.

Webster's 4Q net higher

Gregory Seay |

Waterbury regional lender Webster Financial Corp. posted higher fourth-quarter profits.

Lincoln Financial to acquire Boston life insurer for $3.3B

Patricia Daddona |

Radnor, Pa., financial advisor Lincoln Financial Group, which has a presence in Hartford, said Friday it has agreed to acquire Boston's Liberty Life Assurance Co. for $3.3 billion.

People's United's 4Q net a record

Gregory Seay |

Bridgeport lender People's United Financial Inc. posted record fourth-quarter profits from loans, fees and belt-tightening en route to higher earnings for all of 2017.

Ex-Webster manager to serve 366 days

Gregory Seay |

A former Webster Bank branch manager will spend a year and a day in federal prison for embezzling at least $535,000 from elderly customers' accounts, authorities say.

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