By Paul Mulligan, SVP, Retail Lending Last year, while many businesses and industries suffered, the real estate market in Connecticut had a phenomenal year, with a 17% increase in home purchases. The 38,641 single-family homes bought was the highest in the state in 15 years. One factor certainly was the fact that the number of […]
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By Jorge Santiago If you have federal student loans, you probably already know that emergency payment suspension has been extended to January 31, 2022. Between recent student loan servicer shakeups, the Covid-19 surge, and 90 percent of affected borrowers saying they’re not prepared to resume payments, the decision to extend the payment freeze beyond September […]
By Celeste Lohrenz We all know we should be saving money. From the time we got our first summer jobs during high school, our parent’s almost certainly tried to convince us to put most of it in the bank. Even though we know we should be saving, most of us probably didn’t do it as […]
by Jorge Santiago College is expensive. In the 2020-2021 academic year, the average private college’s tuition and fees was $35,087; public colleges averaged $21,184 for out-of-state students and $9,687 for in-state students. Multiply that by at least four years, and the total cost of a degree is one very few students — or their families […]
By Tina Mason On any given day, you probably get phone calls from numbers you don’t know. Those dreaded spam calls continue to become more frequent and the total number grew by 18% globally last year. In the U.S. that growth was even more significant, with Americans receiving an average of 28 spam calls a […]
June is National Homeownership Month, celebrating a key part of what many people see as part of their life dreams. And why not? Home ownership can be a great investment with many benefits. Long term cost savings – By paying your monthly mortgage, you are creating your own nest egg, instead of paying off someone […]
By John Darin May is Small Business Month, celebrating the importance of small businesses to our national and local economies. Small business owners and their entrepreneurial spirit are a cornerstone of our economy and our local communities. In Connecticut, they comprise 97% of business and employ half of the state’s workforce. Small Business Month also […]
Recycling is an important part of our daily lives. In fact, it’s the law, and there is a list of items that are designated for recycling only in CT and may not be placed in the garbage. There are many reasons, but among the biggest is the fact that landfills are filling up and could […]
One of the greatest gifts you can give your child is a financial education. We all want our children to succeed in life, which means helping them become financially stable. Once they reach college age and leave the comfort and safety of your home, a solid understanding of banking and financial best practices is critical […]
