Published February 22. 2021 1:30AM
Luther Turmelle, New Haven Register
Connecticut is losing bank branches at a faster rate than the rest of the country.
And while customers are using online and mobile apps more and more to do their banking business, at least one industry analyst doesn t see physical locations disappearing entirely.
Over the last decade, the number of bank branches in the state has dropped by 201 locations, for an overall closure rate of 16 percent, according to John Carusone, president of the Bank Analysis Center, a Hartford-based industry consulting firm. The national closure rate over the same period was 6 percent, Carusone said.
Next window, please: CT losing bank branches at more than twice the national rate
FacebookTwitterEmail
A Webster Bank branch at 975 S. Main St. in Cheshire, Feb. 18, 2021. In late December 2020, Webster Bank announced it was closing 16 branches in the state, including offices in Cheshire, Bethany and Hamden.Peter Hvizdak / Hearst Connecticut Media
Connecticut is losing bank branches at a faster rate than the rest of the country.
And while customers are using online and mobile apps more and more to do their banking business, at least one industry analyst doesn’t see physical locations disappearing entirely.
Over the last decade, the number of bank branches in the state has dropped by 201 locations, for an overall closure rate of 16 percent, according to John Carusone, president of the Bank Analysis Center, a Hartford-based industry consulting firm. The national closure rate over the same period was 6 percent, Carusone said.
February 10, 2021
133
Young and seasoned women across Connecticut are making their mark in leadership and management in the accounting profession, and the Connecticut Society of CPAs (CTCPA) recently honored seven incredible women for their work in private firms, large corporations or non-profit organizations.
The virtual event featured keynote address by global technology and finance leader Kimberly Ellison-Taylor, past chairman of the American Institute of Certified Public Accountants (AICPA). Margaux Farrell, Fox61 Morning News anchor, was the Master of Ceremonies.
This is the second year CTCPA has honored female leaders in the profession for their contributions and commitment to an evolving field. “Last year our CTCPA Women awards shined a spotlight on women in accounting. It was such a great success for our entire community, as well as the exceptional women honored. To recognize women for their accomplishments at work, in their communities and at home is really a dream com
Pollock Goes Above And Beyond To Facilitate Small Businesses Loans In The Pandemic
Pollock Goes Above And Beyond To Facilitate Small Businesses Loans In The Pandemic
January 18, 2021 04:00AM by Greg Lederer, Herald Staff
For countless people, finding a passion comes by chance. When Cheshire resident Sheldon Pollock went to a community bank in Yonkers, New York, in 1958, he was simply looking to get a job coming out of college.
“I had relatives who worked at the bank,” reflected Pollock. “One day (in 1964), the loan officer gave me paperwork for a loan and said to take it to the SBA (U.S. Small Business Administration) to get it approved.”
Cheshire bank employee recognized for helping businesses during pandemicÂ
Cheshire bank employee recognized for helping businesses during pandemicÂ
Working for Ion Bank in Naugatuck, Cheshire resident Sheldon Pollock, 82, received the 2020 District Director Award from the Connecticut District Office of the U.S. Small Business Administration. Submitted photo. Advertisement By Greg Lederer, Cheshire Herald staff
CHESHIRE â For countless people, finding a passion comes by chance. When town resident Sheldon Pollock went to a community bank in Yonkers, New York, in 1958, he was simply looking to get a job coming out of college.
âI had relatives who worked at the bank,â reflected Pollock. âOne day (in 1964), the loan officer gave me paperwork for a loan and said to take it to the SBA (U.S. Small Business Administration) to get it approved.â