Commercial Record E-News


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Conn. Mortgage Rates Flat Despite Wall St. Drama
Tuesday, September 23, 2008 (191 reads)

Mortgage rates in Connecticut have stayed fairly flat over the last week, despite upheaval in the country’s financial markets.

SBT Should Be A-OK With Fannie/Freddie Exposure
Monday, September 22, 2008 (189 reads)

SBT Bancorp, parent company of The Simsbury Bank & Trust Co., has determined its investments in Fannie Mae and Freddie Mac should not have any adverse impact on the bank’s “well capitalized” rating.

Patriot National Dividend Rounds Up To A Nickel
Monday, September 22, 2008 (113 reads)

Stamford-based Patriot National Bancorp, parent company of Patriot National Bank, has declared a 4.5 cent quarterly dividend on its common stock.

Hubbell Files Suit To Stop Watt Stopper
Monday, September 22, 2008 (180 reads)

Orange electronic construction and development equipment manufacturer Hubbell Inc. has filed a patent infringement lawsuit against The Watt Stopper Inc. of California.

Investment Banks Convert As Bailout Debate Begins
Monday, September 22, 2008 (155 reads)

Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that destroyed their rivals, as Wall Street braced for a week of political wrangling over a proposed $700 billion bailout for troubled banks.

College-bound? Have You Met CHET?
Monday, September 22, 2008 (191 reads)

September is College Savings Month in Connecticut, and State Treasurer Denise Nappier is taking the opportunity to urge families to save through the Connecticut Higher Education Trust (CHET), the state’s official 529 college savings plan.

Piece Of Stamford Main Street Sold For $11.5M
Friday, September 19, 2008 (348 reads)

A 54,000-square-foot office building on Stamford’s Main Street has sold for $11.5 million.

Mortgage Masters Space For Third Conn. Office
Friday, September 19, 2008 (228 reads)

Mortgage Master has leased 2,000 square feet of space in Hamden, with plans to open its third office location in the state.

SI Financial Quarterly Dividend Less Than A Nickel
Friday, September 19, 2008 (140 reads)

SI Financial Group, holding company for Willimantic’s Savings Institute Bank & Trust, has declared a quarterly cash dividend of $.04 per share.

Toxic-Debt Plan, Short-Selling Curbs Lift Markets
Friday, September 19, 2008 (163 reads)

The U.S. government laid out $50 billion to guarantee money-market mutual funds, curbed short-selling and crafted a sweeping plan to mop up toxic mortgage debt, sending global markets higher Friday.