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.
Company type | Public (NYSE: NAL) |
---|---|
Industry | Finance and Insurance |
Founded | New Haven Savings Bank (NHSB) 1838; Savings Bank of Manchester (SBM) 1895; Merger of NHSB, SBM & Tolland Bank 2004 |
Defunct | April 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 | ( $46.4M FY 2009) |
Website | www |
First Niagara Bank announced its acquisition of NewAlliance in August 2010.[1]
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:
Stats as of December 31, 2009: