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Banking & Finance

Webster Bank posts record 1Q net

Gregory Seay |

Webster Financial Corp. posted record earnings in the first quarter, largely from rising commercial loans.

People's United's 1Q net rises

Gregory Seay |

People's United Financial Inc. posted higher first-quarter net despite one-time expenses tied to its recent purchase of a Long Island bank.

Farmington Bank's 1Q net climbs

The parent of Farmington Bank posted a 41 percent gain in first-quarter net fueled by a tightening on overhead and greater fee and interest income from loans.

Farmington Bank unveils accounts aimed at 'unbanked'

Gregory Seay |

Farmington Bank has introduced a low-cost, checking-savings account program aimed at low-income and unbanked Connecticut residents.

With new CEO, Payveris building on its digital-pay perch

Gregory Seay |

Online-mobile payments vendor Payveris LLC recently received the last chunk of a $10 million investment that, while opening doors to new customers, could finally land the five-year-old Connecticut...

Ex-Hartford councilman gets 3-yr. prison bid

Gregory Seay |

Former Hartford city councilmember Corey Brinson will spend three years behind bars for his role in a “pump-and-dump'' stock scheme that cost victims millions, federal prosecutors say.

House passes bill broadening angel investment eligibility

Matt Pilon |

The House of Representatives has unanimously approved a bill that would make more Connecticut companies eligible for angel investments.

Feds: Ex-Vernon man conned $3M

Gregory Seay |

A former Vernon man indicted two years ago for fraud and on the run since is now in custody and facing charges that could put him behind bars for four centuries, authorities say.

People's wraps $402M L.I. bank purchase

Gregory Seay |

Bridgeport regional lender People's United Financial Inc. has finalized its $402 million purchase of Long Island community lender Suffolk Bancorp and its flagship Suffolk County National Bank.

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.

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