PeoplesBank

🔒Banks emerge as key gatekeepers under CT’s new environmental cleanup system

Connecticut's repeal of the 40-year-old Transfer Act was expected to ease environmental review requirements when commercial properties change hands, but banks are likely to keep demanding extensive contamination testing — effectively becoming the new gatekeepers for environmental risk.

Banks remain bullish on apartments even as they keep closer eye on exposure risks

Some Connecticut lenders are scaling back new apartment deals amid concerns about concentration risk after multifamily loans more than doubled as a share of banks' overall portfolios over the past six years.

🔒PeoplesBank plants its flag across a growing stretch of CT

A Massachusetts mutual bank is expanding its Connecticut footprint — branches, employees and a $20 million arena naming-rights deal included.

Hartford HealthCare signs marketing deal as PeoplesBank Arena’s first ‘Founding Partner’

Hartford HealthCare has signed on as the first “Founding Partner” of the recently renamed PeoplesBank Arena, further anchoring corporate support for Hartford’s primary sports and entertainment venue.
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🔒Lower borrowing costs could boost lending in 2026 as CT bankers weigh MA, expansion plans and cyber risks

Connecticut banks see brighter 2026 outlook after 82% posted higher third-quarter profits, with interest rate cuts expected to spur refinancing and loan growth despite competition from nonbank lenders.

🔒Steuber charts CRDA’s next chapter as redevelopment challenges grow

New CRDA executive director David Steuber inherits a challenging portfolio that includes a former trash-to-energy plant site requiring up to $333.9 million to redevelop, while continuing the agency's downtown Hartford revitalization work.

🔒Bank of America, Webster remain in tight race for deposit dominance in Connecticut

Bank of America and Webster Bank are nearly tied for the largest share of deposits in Connecticut.

🔒PeoplesBank Arena set to reopen Oct. 17 after $145M overhaul; upgrades already draw more shows

Nearly five months after closing for a $145 million renovation, Hartford’s PeoplesBank Arena will reopen Oct. 17, when the Hartford Wolf Pack takes the ice.
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Top bank CEO announces retirement date; successor named

The CEO of a bank that has steadily expanded its footprint in Connecticut will step down next year.
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