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CT Homeowners May Qualify For Mortgage Relief - Bridgeport, CT Patch


Tuesday, April 13, from 6:30-8 p.m.
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Expansions, retirements drive insurance agency mergers


Expansions, retirements drive insurance agency mergers
Updated Feb 08, 2021;
Posted Feb 08, 2021
Roger Butler Jr. is the principal at Roger E. Butler Insurance in downtown Westfield. (Don Treeger / The Republican)
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The Dowd Agencies, a 120-year-old Holyoke institution, recently announced its purchase of the J. Raymond Lussier Insurance Agency of West Springfield, which was founded in 1975.
And Greylock Insurance, the insurance arm of Greylock Federal Credit Union, has bought the Roger Butler Insurance Agency in Westfield, a fourth-generation family company founded in 1902.
The purchases continue a trend of consolidation in an industry once dominated by long-established family-owned businesses.
The Massachusetts Association of Insurance Agents has 1,120 members today down from 1,241 in 2017. The overwhelming majority of that decrease is due to mergers and acquisition activity, said Nicholas A. Fyntrilakis, president and CEO of the ....

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People's United Financial Inc (PBCT) Q4 2020 Earnings Call Transcript


Operator
Good day, ladies and gentlemen, and welcome to the People s United Financial, Inc. Fourth Quarter and Full-Year 2020 Earnings Conference Call. My name is Joelle, and I will be your coordinator for today. At this time, all participants are in a listen-only mode. Following the prepared remarks, there will be a question-and-answer session. [Operator Instructions]
I would now like to turn the presentation over to Mr. Andrew Hersom, Senior Vice President of Investor Relations for People s United Financial, Inc. Please go ahead, sir.
Andrew Hersom
Senior Vice President of Investor Relations
Good afternoon, and thank you for joining us today. On the call to review our fourth quarter and full-year 2020 results are Jack Barnes, Chairman and Chief Executive Officer; David Rosato, Chief Financial Officer; Kirk Walters, Corporate Development and Strategic Planning; Jeff Tengel, President; and Jeff Hoyt, Chief Accounting Officer. Please remember to refer to our ....

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People's United Financial Reports Fourth Quarter Net Income of $207.7 Million, or $0.49 per Common Share


1See Non-GAAP Financial Measures and Reconciliations to GAAP.
We are pleased with our performance in 2020, especially in light of the uncertain economic environment caused by the pandemic, said Jack Barnes, Chairman and Chief Executive Officer. Full year financial and operating results were strong and reflect the resilience of People s United, its employees and customers. Pre-provision net revenue of $827 million, on an operating basis, increased 12 percent from the prior year, reflecting the success of recent acquisitions and solid execution across core operations. Higher revenues and continued emphasis on controlling costs lowered the efficiency ratio 160 basis points to 54.2 percent, marking the seventh consecutive year of improvement. Asset quality remained excellent, indicative of the Company s conservative approach to underwriting, diversified loan portfolio, and deep customer relationships. We are particularly pleased by the continued reduction in loan deferrals, whi ....

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