During the corresponding time, First Connecticut Bancorp, Inc. recorded a revenue increase by 9.55 % year on year, sequentially revenue grew by 6.7 %. While revenue at the First Connecticut Bancorp, Inc.'s corporate clients
First Connecticut Bancorp's Comment on Sales, Marketing and Customers
We operate in a primarily suburban market area that has a stable population and
household base. All but two of our current branch offices are in Hartford County,
Connecticut; two of our branch offices are located in Hampden County, Massachusetts.
Our primary market area is central Connecticut and western Massachusetts. Our
main office is in Farmington, Connecticut and is approximately ten miles from
the City of Hartford, Connecticut. The counties we serve have a mix of industry
groups and employment sectors including insurance, health services, finance, manufacturing,
not-for-profit, education, government and technology. Our primary market area
for deposits includes the communities in which we maintain our banking office
locations. Our lending area is broader than our deposit market area and primarily
includes Connecticut and western Massachusetts, however, we will selectively lend
to borrowers in other northeastern states. During 2015, we opened branch offices
in East Longmeadow, MA and West Springfield, MA and a loan production office in
Branford, CT.
Sources:
First Connecticut Bancorp, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: First Connecticut Bancorp, Inc.’s corporate clients.
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