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Banking & Finance

Webster closing 8 offices in spring

Gregory Seay |

Webster Bank says it will close eight branches in Connecticut, Massachusetts, Rhode Island and lower New York state to improve efficiency of the Waterbury regional lender’s branch...

SI Financial board member dies

Greg Bordonaro |

Willimantic lender SI Financial Group Inc. announced that William R. Harvey, a member of its boards of directors, died on Jan. 5.

FuelCell’s 4Q loss climbs on weak sales

Matt Pilon |

Danbury-based FuelCell Energy said Thursday that its fiscal fourth quarter losses deepened by 41 percent over the year, largely driven by a steep decline in revenue from product sales.

Ex-Webster Avon branch officer charged

Gregory Seay |

A former Webster Bank manager in Avon is accused of embezzling from customers' accounts over a 13-year period, authorities say.

Nutmeg State, Housatonic Teachers CUs merge

Gregory Seay |

A pair of Connecticut credit unions have merged.

EH credit union to merge into America's First

Howard French | Journal Inquirer |

East Hartford Federal Credit Union plans to be merged into the much larger America's First Network Credit Union, based in Trumbull.

Banks called out over rising overdraft fees

Rising fee income banks collect from overdrawn accounts is drawing scrutiny from policymakers, who are urging further tightening of rules for the service.

Banks could see regulatory relief in 2017

Q&A talks with Michael Rauh, president and CEO of Chelsea Groton Bank and chairman of the Connecticut Bankers Association.

Improving business climate key to CT's economic future

Jeff Hubbard |

“Current interest rates are attractive for borrowers.”

Flush CT lenders cautiously await higher interest rates

Gregory Seay |

Connecticut banks are on pace for their most profitable and biggest lending year since at least the Great Recession, a sign that business and consumer borrowers have a healthy appetite for credit...

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