Banking & Finance

🔒Norwalk-based financial data firm FactSet names new CFO

FactSet has appointed a new CFO and disclosed transition and compensation details tied to the departure of its current finance chief.

🔒Bloomfield manufacturer Arxis, tied to Kaman Corp., targets up to $1B in IPO proceeds

Arxis Inc. said it expects to sell about 37.7 million shares priced between $25 and $28 each.

Financial literacy courses are expanding in CT, thanks to new requirement

When Stamford High School students arrive at their personal finance class, they’re greeted by a stock ticker...

🔒CT RIA firm acquires five companies with more than $2.33B in client business

A Stamford-based registered investment advisory firm said it added five advisor teams in the first quarter of...
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🔒Chase Bank eyes Farmington Valley for latest expansion

JPMorgan Chase Bank is planning to expand its Connecticut presence with a new branch in Simsbury.

🔒Norwalk adviser accepts 7-year ban; questions linger over webinar held during suspension

A Norwalk investment adviser agreed to a seven-year industry ban over years of alleged compliance failures and misleading disclosures, as questions remain about whether he continued soliciting clients after state regulators moved to shut him down.

Greenwich battery materials firm seeks up to $10M in public offering

American Battery Materials Inc. plans to sell roughly 2 million shares at an assumed price of $4.99 each.

Liberty Bank plans Boston loan office

Middletown-based Liberty Bank has applied to open a loan production office in Boston, expanding its push into the eastern Massachusetts market.
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🔒Americasa Mortgage opens 1st CT branch in West Hartford

Americasa, a division of Nationwide Mortgage Bankers, has opened a branch office in West Hartford, its first in the state.

🔒Rhode Island lender hires former Liberty Bank commercial real estate banker for New Haven office

The Washington Trust Co. has hired John-Paul “JP” Aldi as vice president of commercial real estate, based in its New Haven office.
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