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ConnecticutCommunityBank, N.A. is currently offering an 18-month CD with the highest rate in Connecticut. Minimum opening deposit is $500. Also available as an IRA CD.
Earlier this month, John Holt, CEO of Nutmeg State Financial Credit Union appeared on Better Connecticut to discuss how Nutmeg FCU was fulfilling its commitment to helping small businesses in their community by implementing a new digital loan application process.
With mortgage rates down in the US , many homebuyers are looking locally to their communitybanks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which communitybanks were making an impact on local mortgage lending.
Guilford Savings Bank in Guilford, Connecticut, has applied with regulators to acquire Eastern Connecticut Savings Bank in Norwich. The post Guilford Savings to acquire Eastern Connecticut Savings Bank appeared first on ABA Banking Journal.
People’s United Bank, which operates across Connecticut, southeastern New York state, Massachusetts, Vermont, Maine and New Hampshire, recently demonstrated the growing interest of communitybanks to collaborate with FinTechs to expand their product offering — just as larger national and multinational financial institutions (FIs) do.
Individuals without access to basic banking services can now open accounts through a state-wide initiative being rolled out across ConnecticutCommunityBanking People Covid19 Customers Fair Lending Feature3 Feature.
New Canaan-based Bankwell's digital solution relies on software designed by Lendio to compress the application-to-funding interval and appeal to speed-conscious small business owners
More than ever, communitybanks are exploring new ideas and unconventional approaches to achieving greater profitability. on profitability in communitybanking. on profitability in communitybanking. Missouri Bank sharpens focus on trimming expenses. Nothing can happen without it. Vigilant Eyeshades.
This article Storytelling With a Twist Powers Small-Business Connections for This CommunityBank appeared first on The Financial Brand. Storytelling in small-business marketing is a common strategy, but this Connecticutbank puts a twist on the approach in several ways.
Aware of the disruptive changes in how banking products and services are delivered, communitybanks continue adopting new technologies to keep up with competition and customers’ demand. Will a mobile banking app really help to solve communitybanks’ challenges or is it just a waste of money?
Senate Banking Committee. She explained why lawmakers should exempt communitybanks from Basel III capital rule. Community bankers score big changes in final credit-loss standard. Connecticut headquarters. Speaking Out—ICBA Chairman Rebeca Romero Rainey (far left) testified in June before the U.S.
." - Gregory Schreacke, President of First Financial Service Corporation in Elizabethtown, KY on his bank''s sale to CommunityBank Shares of Indiana, Inc. of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc. “I Read: We needed greater scale to offer the products and services demanded by customers.
A New Accounting Twist—ICBA’s accounting expert James Kendrick tells communitybanks to closely watch for the Financial Accounting Standards Board’s pending new standards for recognizing credit losses, much earlier than currently required. Under the FASB plan, banks would instead take a hit the moment they make a loan.
James Smith, who recently completed his gradual transition out of banking, was spearheading a public-private economic development plan for Connecticut when the coronavirus pandemic hit. The crisis made the need for the plan greater — and the job harder.
The Connecticutbank expects to report a $9.5 million net loss for the fourth quarter, but it said it's made headway in its efforts to cultivate investors and bolster its capital levels.
But as the prevalence of security breaches grows, so do the opportunities for communitybanks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. Bob Hickok.
The Connecticutbank said its newly minted president, Steven Sugarman, successfully led a private placement and signed a long-term employment agreement that makes him a potential CEO. David Lowery, current chief executive of Patriot, plans to step down in April.
Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the communitybank in providing funding for and access to affordable housing. It’s being responsive to the needs and taking the tools we built—and those we’ll continue to build—to help underinvested communities lift up.”.
CenterState in Florida and Union Savings in Connecticut are adding specialists to their retail locations at a time when many other banks are cutting back or have been relying heavily on universal bankers.
The Connecticutbank disclosed that Nasdaq waived a shareholder approval requirement so it could urgently raise more than $50 million. Patriot also said its finance chief would step down.
Arjun Sirrah takes great pride in his company's national-level success as a communitybank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …
Arjun Sirrah takes great pride in his company's national-level success as a communitybank in Connecticut competing against digital lending startups in student loan refinancing. billion in loans in the last couple of years. …
The Stamford, Connecticut-based bank hired Steven Sugarman to be its president. The former bank CEO, who now heads one of the country's largest mission-based lenders, will help drive an effort to close a capital gap.
A small Connecticutbank takes the plunge into mobile-friendly mortgages in a bid to turn an attractive pool of student-loan borrowers into lifetime customers.
Two AI tools in the wild: Bankwell , a Connecticutbank, is piloting an AI tool to help small business owners apply for loans at whatever time works for their busy schedules. Scaling through communitybanks and credit unions is, of course, another move plenty of fintech companies seek.
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