| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
16 |
| Employees |
343 |
| Revenues (TTM) (Millions $) |
96 |
| Net Income (TTM) (Millions $) |
19 |
| Cash Flow (TTM) (Millions $) |
-10 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
First Connecticut Bancorp, Inc. was a bank holding company founded in 1851 and headquartered in Farmington, Connecticut. The company's main subsidiary, Farmington Bank, was a community bank that provided personal and commercial banking services to individuals and businesses in central Connecticut.
The company offered a wide range of banking products and services, including deposit accounts, residential and commercial mortgages, home equity loans and lines of credit, personal loans, online and mobile banking, and wealth management and investment services. It also provided business banking services, such as commercial loans, business lines of credit, commercial mortgages, and cash management services.
First Connecticut Bancorp, Inc. had a network of 25 branches throughout central Connecticut, including locations in Avon, Bristol, Glastonbury, New Britain, Plainville, and West Hartford. The company was committed to providing personalized service to its customers and developing strong relationships with the communities it served.
In addition to its banking operations, First Connecticut Bancorp, Inc. was actively involved in community development and charitable giving. The company supported a variety of local organizations and initiatives, including affordable housing programs, educational opportunities, and community outreach programs.
In 2019, First Connecticut Bancorp, Inc. was acquired by People's United Bank, N.A., and became part of the People's United Financial, Inc. family of companies. The acquisition allowed People's United Bank to expand its presence in Connecticut and strengthen its commitment to serving the banking needs of individuals and businesses in the region.
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