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Guarded Outlook: CT banks see positive economic signs, but keep wary eye on potential downturn

Inflation continues to rise at rates not seen in decades and gross domestic product is shrinking, but Connecticut bankers say they see no need yet for dramatic defensive actions.

Heads of several community lenders say that ominous signs nationally aren’t mirrored locally. New loan demand remains robust and historically low unemployment has bank presidents confident of continued strength from existing borrowers. ....

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CT bankers see positive economic signs, but keep wary eye on potential downturn

Inflation continues to rise at rates not seen in decades and gross domestic product is shrinking, but Connecticut bankers say they see no need yet for dramatic defensive actions.

Heads of several community lenders say that ominous signs nationally aren’t mirrored locally. New loan demand remains robust and historically low unemployment has bank presidents confident of continued strength from existing borrowers. ....

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Ion Bank Announces Completion of Merger with Lincoln 1st Bank

Ion Bank Announces Completion of Merger with Lincoln 1st Bank
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Lincoln Park Bancorp: Ion Bank Announces Completion of Merger with Lincoln 1st Bank

NAUGATUCK, CT / ACCESSWIRE / July 1, 2022 / Connecticut-based Ion Financial, MHC, parent company of Ion Bank, announced today the successful closing of its previously announced merger with New Jersey-based ....

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Ion Bank Announces Completion of Merger with Lincoln 1st Bank

Ion Bank Announces Completion of Merger with Lincoln 1st Bank
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