NewAlliance Bancshares, doing business as NewAlliance Bank, was the second largest

Connecticut Connecticut ( ) is a U.S. state, state in the New England region of the Northeastern United States. It borders Rhode Island to the east, Massachusetts to the north, New York (state), New York to the west, and Long Island Sound to the south. ...

-based savings bank. It was formed in 2004 through the union of The Savings Bank of Manchester, New Haven Savings Bank, and Tolland Bank. First Niagara Bank announced its acquisition of NewAlliance in August 2010.

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). NewAlliance Bank has seen consistent growth since its formation. Following are list of happenings: * In July 2005, acquired Trust Company of Connecticut * In January 2006, acquired Cornerstone Bank (Cornerstone Bancorp, Inc.) * In January 2007, Westbank (Park West Bank & Trust Co.), a bank based in

West Springfield, Massachusetts West Springfield is a city in Hampden County, Massachusetts, United States. It is part of the Springfield, Massachusetts Metropolitan Statistical Area. The population was 28,835 at the 2020 United States Census. The city is also known as "West ...

, became part of the company. * In April 2011, New Alliance merged into First Niagara Bank. In 2016

Keybank KeyBank is an American regional bank headquartered in Cleveland, Ohio, and the 27th largest bank in the United States. Organized under the publicly traded KeyCorp, KeyBank was formed from the 1994 merger of the Cleveland-based Society Corpora ...

acquired First Niagara

Company

* NewAlliance Bancshares, Inc. formed in 2003, listed on

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

in 2004 under the symbol "NAL" * Trust Company of Connecticut, a division of NewAlliance Bank, acquired by NewAlliance in July 2005, offers investment management, as well as trust and estate planning and has over $1.4 billion in

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

, tripling the Bank's trust assets under management. * NewAlliance Investments, Inc., member of

Financial Industry Regulatory Authority The Financial Industry Regulatory Authority (FINRA) is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets. FINRA is the successor to the National Associati ...

(FINRA) and

Securities Investor Protection Corporation The Securities Investor Protection Corporation (SIPC ) is a federally mandated, non-profit, member-funded, United States government corporation created under the Securities Investor Protection Act (SIPA) of 1970 that mandates membership of most ...

(SIPC), a wholly owned subsidiary of NewAlliance Bancshares, Inc., offers investment and insurance products to individuals and businesses

Quick facts

Stats as of December 31, 2009: * Total Deposits: $5.0 billion * Total Assets: $8.4 billion * Branches: 87 * ATMs: over 100 * Geographic Reach:

and

Western Massachusetts Western Massachusetts, known colloquially as "western Mass," is a region in Massachusetts, one of the six U.S. states that make up the New England region of the United States. Western Massachusetts has diverse topography; 22 colleges and univ ...

* Rank Among

New England New England is a region consisting of six states in the Northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. It is bordered by the state of New York (state), New York to the west and by the ...

–based Banks: 4th largest * Rank Among Connecticut-based Banks: 3rd largest

References

*https://www.newalliancebank.com/facts-at-a-glance Facts At A Glance *http://www.lib.uconn.edu/online/research/speclib/ASC/findaids/SBM/MSS20040048.html Savings Bank of Manchester Records

External links

newalliancebank.com

NewAlliance, First Niagara get final approval of merger, New Haven Register
{{Authority control Companies listed on the New York Stock Exchange Companies based in New Haven County, Connecticut Banks based in Connecticut Economy of New Haven, Connecticut Economy of Manchester, Connecticut Defunct banks of the United States