NewAlliance Bank
Encyclopedia : N : NE : NEW : NewAlliance Bank
NewAlliance Bank is the second largest Connecticut-based savings bank. It was formed in 2004 through the union of The Savings Bank of Manchester, New Haven Savings Bank, and Tolland Bank.
History
NewAlliance Bank has its roots dating back to 1838 when it was chartered with the formation of New Haven Savings Bank. It expanded as NewAlliance Bank in 2004 through the union of The Savings Bank of Manchester (Connecticut Bancshares, Inc.), New Haven Savings Bank and Tolland Bank (Alliance Bancorp of New England). In July of 2005 it acquired Trust Company of Connecticut and the most recent development was NewAlliance acquiring Cornerstone Bank (Cornerstone Bancorp, Inc.) in January 2006.Company
- NewAlliance Bancshares, Inc. formed in 2003, listed on NYSE in 2004 under the symbol "NAL"
- Trust Company of Connecticut, A Division of NewAlliance Bank, offers investment management, as well as trust and estate planning and has over $1.1 billion in assets under management.
- * Trust Company of Connecticut, a division of NewAlliance Bank, acquired by NewAlliance in July 2005, tripling the Bank's trust assets under management
- NewAlliance Investments, Inc., member NASD/SIPC, a wholly-owned subsidiary of NewAlliance Bancshares, Inc., offers investment and insurance products to individuals and businesses
Quick Facts
Stats as of March 31, 2006:- Total Deposits: $3.9 billion
- Total Assets: $6.9 billion
- Branches: 71
- ATMs: over 80
- Counties: Fairfield, Hartford, Middlesex, New Haven, Tolland, Windham
- Rank Among New England-based Banks: 6th largest
- Rank Among Connecticut-based Banks: 5th largest
- Rank Among Connecticut-based Savings Banks: 2nd largest
References
- http://www.newalliancebank.com/about/company_facts.aspx Facts At A Glance
- http://www.lib.uconn.edu/online/research/speclib/ASC/findaids/SBM/MSS20040048.html Savings Bank of Manchester Records
- http://www.newalliancebank.com/about/annualreport2005/shareholder.aspx Dear Shareholder (Revenue Informantion)
External links
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