Commercial Record E-News


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Meriden Credit Union Declared Insolvent
Tuesday, August 19, 2008 (521 reads)

The National Credit Union Administration has liquidated the assets of a Meriden credit union and declared it insolvent.

Quilters Become Neighbors Of Concrete Co.
Tuesday, August 19, 2008 (159 reads)

Quadrille Quilting, a company specializing in the sale of fine fabrics for quilters, has leased 2,400 square feet at 118 Quinnipiac Ave. in North Haven.

FMG Acquisition Corp. Raising Funds For Merger
Tuesday, August 19, 2008 (167 reads)

Farmington-based FMG Acquisition Corp., an entity formed solely for the acquisition of or merger with an insurance entity, has taken several steps to raise funds for a pending merger with Florida property/casualty insurer United Insurance Holdings.

National Housing Starts And Permits Tumble In July
Tuesday, August 19, 2008 (147 reads)

U.S. home building projects started in July fell 11 percent to the lowest annual rate in more than 17 years, while building permits tumbled 17.7 percent, the Commerce Department reported Tuesday.

Government-Insured Loans Triple
Tuesday, August 19, 2008 (136 reads)

The government-insured share of mortgage applications tripled in the past year, according to data from the Mortgage Bankers Association.

BNC Financial Up 63% In Q2 As Loans, Deposits Rise
Monday, August 18, 2008 (130 reads)

BNC Financial Group, the parent company of The Bank of New Canaan, reported $358,000 in second quarter net income for 2008, a 63 percent increase over the same period last year.

Poll: Most Nutmeggers Say Economy In Recession
Monday, August 18, 2008 (94 reads)

The slow economy has touched prosperous Connecticut, where residents of all wealth levels say they're reducing expenses, according to a new statewide poll released Sunday.

Trio Buys Norfolk Heating Oil Co., 300 Customers’ Payments Secure
Monday, August 18, 2008 (152 reads)

A state agency’s scrutiny of a Norfolk heating oil company’s finances has led to it being sold to a trio of businessmen, who will guarantee 300 pre-paid customers their oil – or refunds.

FEMA: 97% Of Conn. Residents Lack Flood Insurance
Monday, August 18, 2008 (156 reads)

The hurricane season is under way, but a whopping 97 percent of Connecticut residents lack flood insurance, the Federal Emergency Management Agency reports.

Morgan Stanley, Goldman Change Lending Systems
Monday, August 18, 2008 (133 reads)

Morgan Stanley and Goldman Sachs are responding to the credit crisis with a system that uses the market's view of their own creditworthiness as a basis for lending decisions, the Financial Times reported.