Springfield-bound New Valley Bank & Trust plans to put a premium on small business lending, while utilizing technology to its fullest and outsourcing a number of services in its early stages to achieve its business strategy.
Profits at the parent company of Hartford-based United Bank slowed in the second quarter due to unforeseen expenses, but growth is shaping up solid for the rest of the year.
The parent company of Hartford-based United Bank announced last week that it will acquire six branches from Waterbury-based Webster Bank, a move that will allow it to increase its presence in existing coverage areas and expand into new markets.
The parent company of Hartford, Connecticut-based United Bank reported strong profits in the first quarter of 2018, but is planning to take a more conservative approach for the rest of the year due to compressed credit spreads and a lower margin.
It’s no secret that commercial real estate concentrations at community banks have been on the rise. While regulators maintain a keen eye on the sector, their concerns do not seem
United Financial Bancorp, the parent company of Hartford-based United Bank, is planning to open more de novo branches in in 2018 in order to bring in more deposits to keep up with the bank’s loan growth.
The strengthening economy has bank customers on the hunt for higher returns and is forcing banks to raise rates in order to protect deposits.
Tony Liberopoulos embodies United’s key employee cultural attributes: “he’s friendly, caring and respectful to co-workers and in our communities.” And that’s not effusive nomination praise; it’s how Liberopoulos lives his life.