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Banking & Finance

CT's Savings Institute shedding trust division

Gregory Seay |

Windham's Savings Institute Bank & Trust is selling its trust and asset-management division to a pair of Massachusetts banks.

Regulators OK People's United's $402M NY bank buy

Patricia Daddona |

Bridgeport-based People's United Financial has received approval by the board of governors of The Federal Reserve to buy Riverhead, N.Y., lender Suffolk Bancorp for $402 million.

CT Ponzi schemer nets 68 months

Gregory Seay |

A Wallingford certified public accountant convicted of running a Ponzi scheme that fleeced nearly $1.5 million from victims will spend more than 5 years behind bars, federal prosecutors say.

Horizon Tech's '16 net climbs

Gregory Seay |

Horizon Technology Finance Corp. posted a dip in fourth-quarter net investment income but the Farmington specialty financier still finished 2016 with a full-year net gain.

Greco to lead First National Bank of Suffield

Patricia Daddona |

Joseph J. Greco has been named president and CEO of The First National Bank of Suffield, effective June 2, as he replaces the retiring Nancy Viggiano.

Debunking myths about business-growth financing

Jeff L. Hubbard |

New product lines. A big office move. New market opportunities. These are bold steps that require expanding production or distribution capacity, renovating or buying a facility, upgrading equipment...

Top CEOs offer $50M to help bail out Hartford

Patricia Daddona | 1

Three of the largest employers in the city of Hartford have offered the Capital City a combined $10 million annually for five years to help the city avoid insolvency.

Middletown serial bank robber gets 6 yrs.

Gregory Seay |

A Middletown bank robber will spend six years in federal prison for sticking up six Connecticut banks in the summer of 2015, authorities say.

Nonpartisan analysts cite eroding CT income tax receipts

Keith M. Phaneuf | CT Mirror |

Eroding income tax receipts have pushed the current state budget back into the red, nonpartisan analysts reported Monday.

Talent recruitment key threat to CT’s financial-services industry

Q&A talks to James T. Brett, president & CEO of The New England Council, about the current and future state of Connecticut's financial-services sector.

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