The activities of NHSB are different in many ways from the usual for-profit home mortgage lending that banks perform.
The NHSB goes to great lengths to minimize the credit risks posed by its clients.
Customers of the former NHSB exhibited a strong vote of confidence in NewAlliance Bank during the initial public stock offering of NewAlliance Bancshares, Inc.
NewAlliance Bank executed a large-scale branch conversion operation in order to fold together the 36 former NHSB branches with the 10 former Tolland Bank branches.
is combined with the banking subsidiaries of Connecticut Bancshares, Inc.
These approvals follow the FDIC's approval on February 9, 2004 for NHSB
to proceed with its conversion from a mutual savings bank to a fully-public company; and the January 26, 2004 conversion approval from the Connecticut Department of Banking.
is combined with Connecticut Bancshares, Inc.
As New Haven's only remaining major hometown bank, NHSB has a unique proposition for its customers and a tradition of service to the community.
Most notably, NHSB announced in July a definitive agreement to acquire Savings Bank of Manchester and Tolland Bank, and a plan of conversion to operate as a public company.
previously announced that it will be funding a new community foundation with $30 million in conversion stock, which would immediately make it one of the largest private foundations serving the greater New Haven area.
Today's approval for NHSB
to convert to public ownership represents an important milestone in the Bank's 165-year history.
Bojar elected to have NHSB
mow her lawn and provide landscaping services once a week throughout the summer.