NewAlliance Bank

Last updated
NewAlliance Bancshares
Type Public (NYSE:  NAL)
Industry Finance and Insurance
FoundedNew Haven Savings Bank (NHSB) 1838;
Savings Bank of Manchester (SBM) 1895;
Merger of NHSB, SBM & Tolland Bank 2004
DefunctApril 15, 2011
Successor First Niagara Bank
Headquarters New Haven, Connecticut, United States
Key people
Peyton R. Patterson, Chairman, & CEO
C. Gene Kirby, President
Glenn I. MacInnes, EVP and CFO
Products Banking
Revenue(Increase2.svg $46.4M FY 2009)
Website www.newalliancebank.com

NewAlliance Bancshares, doing business as NewAlliance Bank, was 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.

Contents

First Niagara Bank announced its acquisition of NewAlliance in August 2010. [1]

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:

Company

Map of NewAlliance branches. NewAlliance footprint 2010-08.png
Map of NewAlliance branches.

Quick facts

Stats as of December 31, 2009:

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References

  1. "First Niagara to buy NewAlliance in $1.5 billion deal".