The Bank of New Canaan filed for approval to open a branch just north of downtown Stamford, which would be its first in the city.
The bank is a subsidiary of New Canaan-based BNC Financial Group Inc., which also owns the Bank of Fairfield.
The Bank of New Canaan is seeking approval from the Connecticut Department of Banking to open a branch at 612 Bedford St. in Stamford.
People”™s United Financial
Bridgeport-based People”™s United Financial Inc. and its employees have donated $115,000 to relief efforts in Haiti.
Workers donated $58,000 to the Haitian Health Foundation, a philanthropy founded by bank director Jeremiah Lowney that focuses on the health and well-being of the poor and sick. The People”™s United Community Foundation is matching those contributions with a donation to the Haitian relief efforts of the American Red Cross.
Naugatuck Valley Financial
Two New Haven County banks plan to merge, with Naugatuck Valley Financial Corp. offering $19.5 million for Southern Connecticut Bancorp Inc., which has four branches.
As part of the transaction, Naugatuck Valley announced it would fully convert from a mutual ownership structure to that of a stock holding company, selling the 60 percent of its shares that are not already traded publicly on the Nasdaq.
Southern Connecticut Bancorp”™s shares are traded on the American Stock Exchange.
The combined bank would have 14 branches in the New Haven County area, including four of Southern Connecticut Bancorp”™s clustered around New Haven.
