NewAlliance Bank

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NewAlliance Bank

Type	Public (NYSE: NAL)
Founded	New Haven Savings Bank (NHSB) 1838; Savings Bank of Manchester (SBM) 1895; Merger of NHSB, SBM & Tolland Bank 2004
Headquarters	New Haven, Connecticut United States
Key people	Peyton R. Patterson, Chairman, President & CEO Merrill B. Blanksteen, Executive VP, CFO & Treasurer
Industry	Finance and Insurance
Products	Banking
Revenue	$? billion USD (▲ $52.6M FY 2005)
Website	www.newalliancebank.com

NewAlliance Bank is 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.

1 History
2 Company
- 2.1 Quick Facts
3 References
4 External links

[edit] 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 it's formation. Following are list of happenings:

In July of 2005, acquired Trust Company of Connecticut
In January of 2006, acquired Cornerstone Bank (Cornerstone Bancorp, Inc.)
In January of 2007, Westbank, a bank based mainly in Massachusetts, became part of the company.

[edit] Company

NewAlliance Bancshares, Inc. formed in 2003, listed on NYSE 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 NASD/SIPC, a wholly owned subsidiary of NewAlliance Bancshares, Inc., offers investment and insurance products to individuals and businesses