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Connecticut bank sued for alleged discriminatory mortgage lending

CFPB Monitor

Last week, the Connecticut Fair Housing Center, Inc. filed a complaint against Liberty Bank in Connecticut federal district court alleging that the Bank engaged in discriminatory mortgage lending in violation of the federal Fair Housing Act. ” Discrimination in extending credit.

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Webster Financial predicts loan growth of 5%-7% in 2024

American Banker

Several regional banks have projected minimal growth or even a decline in lending this year. But Connecticut-based Webster is bullish based on its pipeline of nonoffice commercial real estate, public finance and other credits, CEO John Ciulla says.

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'Credit darling' Webster Financial reports uptick in defaulted loans

American Banker

The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.

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Why this regional bank is dumping N.Y. multifamily loans

American Banker

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

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What finally brought M&T and People's United together

American Banker

M&T had long coveted the Connecticut regional but couldn't make a deal work. Their merger is the latest example of regional banks joining forces to compete in an industry undergoing rapid transformation.

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Why Banks Merge: Listen to the Sellers

Jeff For Banks

"[North Akron Savings Bank customers will gain] access to a broader choice of financial products and services comparable to those offered by the large banks operating in the region." - Steve Hailer, President and CEO of North Akron Savings Bank on the bank''s sale to Peoples Bancorp, Inc.

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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

Real estate lending BSA training should include GTO guidance , specifically on how to identify red flags at loan origination. Real estate lending BSA training should include the GTOs guidance. FinCEN reissued Geographic Targeting Orders to include two new metropolitan areas. to ensure the detection of these transactions. learn more.