Connecticut

KeyCorp’s deal for student lender raises eyebrows

01/17/19

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

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KeyCorp to buy digital platform from Conn. community bank

01/17/19

The online platform, created by Laurel Road Bank in 2013, allows users to refinance student loans and originate mortgages.

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Alternative lenders try to fill void left by shutdown

01/11/19

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

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How a congratulatory call on one bank deal led to another

01/03/19

Bob Mahoney, CEO of Belmont Savings, called Jack Barnes after People's United agreed to buy a Connecticut bank. The banks announced their own merger agreement five months later.

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Berkshire Hills to enter Rhode Island with SI Financial purchase

12/12/18

The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.

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People’s United’s plan to bulk up in Boston: Target tech firms

11/28/18

The Bridgeport, Conn., company is developing a specialty in banking technology businesses. Like so many other small regionals with ambitious growth plans, it faces a tricky balancing act: how to take creative risks without getting in over its head.

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Why this bank turns its branches into classrooms

11/20/18

It started with financial literacy classes, but now Chelsea Groton Bank in Connecticut is offering crafts and other so-called lifestyle courses, all in an effort to connect with the public and drive traffic to its branches.

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Proposed eleventh-hour change to CECL has bankers scrambling

11/09/18

The Financial Accounting Standards Board is considering a plan to have banks break out charge-offs and recoveries on a year-by-year basis. Bankers fear new systems would be needed to comply.

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Fee income provides lift to Webster’s quarterly profit

10/18/18

The Connecticut company also reported modest loan growth and a greatly improved net interest margin.

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Big acquirers find it harder to justify smaller deals

08/24/18

Larger community banks are favoring bigger targets — or relying more on organic growth — to expand.

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