Business New Haven

People’s Sells Notes

BRIDGEPORT - People's Bank (NASDAQ: PBCT) announced November 14 that it had sold $150 million of subordinated notes, due November 15, 2010. The notes will pay interest semi-annually at the rate of 9.875 percent per year. The notes represent the unsecured obligations of People's Bank, subordinate to its obligations to depositors and other senior creditors. People's has been advised by the FDIC that the notes will be eligible for inclusion as Tier 2 capital, and
 

People’s To Raise $150m Through Subordinated Debt Securities

BRIDGEPORT - People's Bank (NASDAQ: PBCT) has announced plans to raise $150 million through the issuance of new subordinated debt securities that would be exempt from registration under the Securities Act of 1933. The precise timing and terms of the planned debt offering have not been determined and will depend on a variety of factors, including market conditions

People’s Profits Down

BRIDGEPORT - People's Bank (NASDAQ: PBCT), a $13 billion financial services company, October 19 announced net income for its third quarter ending September 30 was $26.2 million, or 43 cents per share. This compares to $28.3 million or 46 cents per share for the third quarter of 1999. While the bank's results reflect the impact of investment in new branch facilities and the early stages of its Credit Card Services return to profitability, managed operating revenues

BB&B Marks 1st Year Under People’s

FAIRFIELD - Beardsley, Brown & Bassett celebrates its first anniversary since becoming a part of a People's Bank (NASDAQ: PBCT) division, R.C. Knox & Co. Last year People's acquired Beardsley, Brown & Bassett, an insurance agency founded more than 100 years ago. People's acquired R.C. Knox in 1997

Talkin’ Transit

Panel: As state transportation needs change, policy must, too
Three transportation experts lent varied perspectives to a June 28 City Hall panel discussion on “Urban Sprawl, Transit & Parking: How Will New Haven Manage Its Own Revival?” Moderated by former state transportation commissioner Emil Frankel, the session highlighted several ways of addressing the region's changing transportation needs and infrastructure. State transportation policy, argued State Sen. William A. Aniskovich (R-12), was radically transformed by the 1983 Mianus River bridge collapse to a mission emphasizing road
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Should Connecticut Give Special Incentives to Individual Companies?
 

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