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Banking & Finance

CT promotes bond investments with upgraded website

Patricia Daddona |

The Connecticut Treasury has improved its BuyCTBonds website to provide investors and rating agencies with access to the latest information about state bond programs and finances.

Berkshire Bank buys Commerce Bank, relocates HQ to Boston

Patricia Daddona |

The parent of Berkshire Bank, which has significant branch coverage in Greater Hartford, is buying Worcester, Mass.-based Commerce Bancshares Corp. for $209 million, and relocating its headquarters...

CT's 'bridge bank' finds its stride redeveloping downtown Hartford

Gregory Seay |

For years, the 26-story former Bank of America building at 777 Main St. stood as an empty symbol of downtown Hartford's malaise as a hub for employment and urban living.

CT takes another credit rating hit on Wall Street

Keith Phaneuf | CT Mirror |

Connecticut’s status on Wall Street took another hit Friday when a major credit rating agency downgraded the state’s bond rating — a move that could lead to higher borrowing costs.

Manchester man guilty in check fraud

Gregory Seay |

The owner of a Middletown convenience store faces as long as three years in federal prison after pleading guilty to running an unlicensed check-cashing operation linked to a federal tax-refund scam...

CT Treasurer picks Meketa as consultant to state retirement fund

Patricia Daddona |

State Treasurer Denise L. Nappier has selected Meketa Investment Group as general investment consultant for the $31.5 billion Connecticut Retirement Plans and Trust Funds.

CityPlace II is United's branch choice

Gregory Seay |

Glastonbury community lender United Bank says it will open this fall its first downtown Hartford branch in CityPlace II.

Farmington Bank donates to nonprofits during financial literacy month

To commemorate National Financial Literacy moth, the Farmington Bank Community Foundation made donations to the Connecticut Association for Human Services and the YMCA Larson Community...

Virtus' 1Q net down

Gregory Seay |

Hartford wealth manager Virtus Investments Inc. posted lower first-quarter net income on flat revenues.

NY's Marcum grows CT footprint with acquisition

Patricia Daddona |

Regional accounting firm Marcum LLP, which has a Hartford office, said Monday it has acquired a New Haven CPA firm that will add to its Connecticut presence.

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