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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. ....

United States , New Jersey , George Hermann , Stephen Lewis , Nick Caplanson , Johns Carusone , Davidj Rotatori , David Rotatori , Lincoln Park Bancorp On , Farmington Bank , Bank Analysis Center , Dime Bank , Thomaston Savings Bank , Zion Bank , Thomaston Savings , Bank President Nick Caplanson , Lion President , Lincoln Park Bancorp , Federal Savings President George Hermann , Windsor Federal ,