Hartford Financial Services Group Inc. is back to being a plain, old insurance company.
The Hartford recently asked for – and was granted – a release by the Federal Reserve Bank of Atlanta from its registration as a savings and loan holding company.
The release, effective Feb. 1, stemmed from its sale last November of a Federal Trust Corp., a tiny Florida thrift The Hartford bought for $10 million in 2009 to qualify for a $3.4 billion bailout under the Treasury’s former financial rescue program known as TARP.
The Hartford sold Federal Trust for a still-undisclosed sum to Florida lender CenterState Banks Inc.
