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Lamont to announce low-interest loan program for CT small businesses and nonprofits
hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.
Lamont announces low-interest loan program for CT small businesses and nonprofits
hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.
M&T Bank is launching a new Bridgeport-based Multicultural Small Business Innovation Lab to help area entrepreneurs who are minorities.
The lab is a seven-week program aimed at providing participants with guidance and skills they need to successfully grow their businesses.
The bank is partnering with the University of Bridgeport Innovation Center for the effort, and classes will be at the university’s John J. Cox Student Center.
Seven People’s United branches inside Stop & Shop grocery stores will close by Aug. 12, the bank’s owner, M&T Bank, told banking regulators.
M&T, which purchased People’s last year, said it plans to close the locations in Bristol, New Fairfield, Newtown, Norwalk, Pawcatuck, Vernon and Windsor.
People’s United previously announced its decision not to renew some in-store branch contracts in Connecticut.
M&T Bank finalized its $8.3 billion purchase of People’s United in April, and the Federal Reserve signed off on the deal in March.
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