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

Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capita ...

-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 First Niagara Bank was a Federal Deposit Insurance Corporation-insured regional banking corporation headquartered in Buffalo, New York. Its parent company, First Niagara Financial Group, Inc. was the 44th-largest bank in the United States with a ...

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, Hampden County, Massachusetts, United States. It is part of the Springfield, Massachusetts Springfield metropolitan area, Massachusetts, Metropolitan Statistical Area. The population was ...

, became part of the company. * In April 2011, New Alliance merged into

. In 2016

Keybank KeyBank, the primary subsidiary of KeyCorp, is a regional bank headquartered in Cleveland, Ohio, and is the only major bank based in Cleveland. KeyBank is one of the largest banks in the United States. Key's customer base spans retail, small b ...

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 of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...

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, 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 Associat ...

(FINRA) and

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

(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 u ...

* Rank Among

New England New England is a region comprising 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 Can ...

-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