New Haven-based NewAlliance Bank wants to put a branch office in the Hartford 21 complex in downtown Hartford, state banking files show.
NewAlliance is the second tenant in a week to propose occupying space in the residential-commercial complex anchored by a 36-story apartment tower on Trumbull Street. Last week, Northland Investment Corp. announced that Saint Joseph College has agreed to house its new pharmacy school in 35,000 square feet of the Hartford 21 commercial-residential complex at 229 Trumbull St.
The bank has asked the state Banking Department to approve a 3,500-square-foot office in the side of Hartford 21 facing Trumbull Street, papers show.
If finalized, the branch would be NewAlliance’s second Hartford office. The other is located on 1700 Park St.
NewAlliance is proposing to open a “full service” branch at 227 Trumbull St., and it would house two ATM’s, five teller stations, five platform/offices, and a conference room, according to the bank’s application.
If approved, the bank plans to offer retail deposit and loan products, trust services, mortgage loan origination, as well as small business products, the application said.
Mary Coursey, a spokeswoman for Northland, declined to comment on NewAlliance.
NewAlliance Bank did not return a call seeking comment.
The proposed branch will be a new competitor in downtown Hartford’s crowded banking scene, which already consists of at least 10 other banking outlets, include Bank of America, Sovereign Bank, Webster Bank and People’s Bank, to name a few.
Last month the Hartford Business Journal reported that NewAlliance Bank was seeking growth opportunities, including making acquisitions along Amtrak’s shoreline corridor, in New England or south down toward Pennsylvania.
NewAlliance has managed itself well through the recession, and its recent third-quarter net income of $12.6 million, a 15 percent increase over the prior year period, beat market expectations.
