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Banking & Finance

Liberty, Simsbury Bank to merge

Gregory Seay |

Middletown's Liberty Bank and Simsbury Bank & Trust, two of central Connecticut's leading community lenders, say they will merge by fall in a $71 million deal.

Amid hospital-tax debate, frustrated CEO defends his and other healthcare executives' pay

Matt Pilon |

It's not often you'll find well-paid executives comfortable talking about how much they make. Bristol Hospital CEO Kurt Barwis, who's earned upwards of $1 million in annual wages and benefits in...

Walgreens and CVS are 2019's stock market losers


This has been a brutal year for the big drug store companies.

Glidden named Liberty Bank CEO

Gregory Seay |

New England banker David W. Glidden has been hired to run Middletown mutual lender Liberty Bank.

Liberty Bank settles loan 'redlining' suit

Gregory Seay |

Middletown mutual lender Liberty Bank has pledged another $15 million in loans and grants to step up its mortgage lending, including opening a loan office in Hartford, to settle unfair lending claims.

Seasons Federal Credit Union

Headquarters: Middletown

Charla Stetson | CEO, Windsor Locks Federal Credit Union

Sean Teehan |

Charla Stetson is a rarity in the financial-services sector.

Lamont goes corporate with DMV choice: Bongi Magubane


Gov. Ned Lamont on Thursday named Sibongile “Bongi” Magubane, a former information-technology executive at Aetna, as the commissioner of motor vehicles, the department that Lamont once...

Bank of America is ditching the 105-year-old Merrill Lynch brand


Ten years after the financial crisis, Bank of America is phasing out the Merrill Lynch brand.

Essex Financial's Farmington office bows

Gregory Seay |

The wealth-management arm of Essex Savings Bank has opened a Farmington branch to serve central Connecticut clients.

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