Commercial Record E-News


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Shelton Market Analysis Firm Approves Mystery Merger
Thursday, June 26, 2008 (185 reads)

Shelton-based financial and market analysis firm Clayton Holdings will merge with an undisclosed affiliate of a fund managed by South Norwalk real estate investment trust Greenfield Partners.

N.Y. Bank Gains Approval For Conn. Expansion
Thursday, June 26, 2008 (148 reads)

New York-based Hudson Valley Bank has received approval from the Connecticut Office of the Comptroller of the Currency to open three new branches in lower Fairfield County.

Connex Tag-Teams With Other Conn. CUs
Thursday, June 26, 2008 (113 reads)

North Haven-based Connex Credit Union has become the 13th state credit union to join a shared branching collaborative, according to CO-OP Shared Branching Network.

Cordani Tapped To Lead CIGNA Disability, Life Insurance Branches
Thursday, June 26, 2008 (102 reads)

David M. Cordani, 42, has been named president and chief operating officer of Philadelphia-based insurer CIGNA Corp., which has an office in Bloomfield.

Citigroup Faces Big Problems
Thursday, June 26, 2008 (139 reads)

Citigroup, which has operations throughout New England, may suffer $8.9 billion of second-quarter write-downs, forcing it to perhaps cut its dividend again, according to Goldman Sachs & Co. analyst William Tanona.

HSA Bank Partners With Chicago Health Insurer
Wednesday, June 25, 2008 (133 reads)

HSA Bank, a division of Waterbury-based Webster Bank, has formed an integrated relationship with Chicago-based Health Care Service Corporation (HCSC), the fourth largest health insurer in the country.

Three Windsor Buildings Sold For $29M
Wednesday, June 25, 2008 (198 reads)

Michigan-based marketing firm Valassis has sold three company-owned buildings in Windsor for approximately $29 million.

Life Trade Holdco Secures $135M Credit Line
Wednesday, June 25, 2008 (105 reads)

Stamford-based Life Trade Holdco, a partnership between AllFinancial Group and Babcock & Brown formed to take advantage of opportunities in the life settlement market, has secured a $135 million credit facility backed by a German bank.

National Mortgage Applications Hit Lowest Level Since 2001
Wednesday, June 25, 2008 (144 reads)

U.S. mortgage applications fell for a second consecutive week, hitting their lowest level in nearly six and a half years despite a sharp drop in interest rates, according to the Mortgage Bankers Association.

Dog Bites Cost Homeowners Serious Bark
Wednesday, June 25, 2008 (149 reads)

Man's best friend has proven anything but for homeowners, as dog bites now account for one-third of all homeowners insurance liability claims, according to the Insurance Information Institute.