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{{Infobox company
{{Infobox_Company |
company_name = NewAlliance Bank |
| name = NewAlliance Bancshares
company_logo = [[Image:NewAlliance Bank.png]] |
| logo = NewAlliance Bank.png
company_type = [[Public company|Public]] ({{nyse|NAL}}) |
| type = [[Public company|Public]] ({{nyse|NAL}})
foundation = New Haven Savings Bank (NHSB) 1838; <br> Savings Bank of Manchester (SBM) 1895; <br> Merger of NHSB, SBM & Tolland Bank 2004|
| foundation = New Haven Savings Bank (NHSB) 1838; <br> Savings Bank of Manchester (SBM) 1895; <br> Merger of NHSB, SBM & Tolland Bank 2004
location = [[New Haven, Connecticut]]<br>{{USA}} |
| location = [[New Haven, Connecticut]], [[United States]]
key_people = Peyton R. Patterson, Chairman, & CEO <br />C. Gene Kirby, President <br />Glenn I. MacInnes, EVP and CFO |
| key_people = Peyton R. Patterson, Chairman, & CEO <br />C. Gene Kirby, President <br />Glenn I. MacInnes, EVP and CFO
num_employees = |
| num_employees =
industry = [[Finance and Insurance]] |
| industry = [[Finance and Insurance]]
products = [[Banking]] |
| products = [[Banking]]
revenue = ({{profit}} $46.4M [[Fiscal year|FY]] [[2009]]) |
| revenue = ({{profit}} $46.4M [[Fiscal year|FY]] 2009)
homepage = [http://www.newalliancebank.com/ www.newalliancebank.com]|
| homepage = {{URL|http://www.newalliancebank.com/}}
| defunct = April 15, 2011
⚫
}}
| successor = [[First Niagara Bank]]
⚫
}}


'''NewAlliance Bank''' ({{nyse|NAL}}) 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.
'''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.

[[First Niagara Bank]] announced its acquisition of NewAlliance in August 2010.<ref>{{Cite web|url=http://www.marketwatch.com/story/first-niagara-to-buy-newalliance-in-15-bln-deal-2010-08-19?reflink=MW_news_stmp|title = First Niagara to buy NewAlliance in $1.5 billion deal}}</ref>


==History==
==History==
Line 20: Line 24:
* In July 2005, acquired '''Trust Company of Connecticut'''
* In July 2005, acquired '''Trust Company of Connecticut'''
* In January 2006, acquired '''Cornerstone Bank''' (Cornerstone Bancorp, Inc.)
* In January 2006, acquired '''Cornerstone Bank''' (Cornerstone Bancorp, Inc.)
* In January 2007, '''Westbank''', a bank based mainly in Massachusetts, became part of the company.
* In January 2007, '''Westbank''' (Park West Bank & Trust Co.), a bank based in [[West Springfield, Massachusetts]], became part of the company.
* In April 2011, New Alliance merged into [[First Niagara Bank]]. In 2016 [[Keybank]] acquired [[First Niagara]] [http://www.nhregister.com/articles/2011/04/07/business/doc4d9c7cec7509e115430652.txt]


==Company==
==Company==
[[File:NewAlliance footprint 2010-08.png|thumb|right|250px|Map of NewAlliance branches.]]
* NewAlliance Bancshares, Inc. formed in 2003, listed on [[NYSE]] in 2004 under the symbol "NAL"
* 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.
* 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 [[FINRA]]/[[SIPC]], a wholly owned subsidiary of NewAlliance Bancshares, Inc., offers investment and insurance products to individuals and businesses
* NewAlliance Investments, Inc., member of [[Financial Industry Regulatory Authority]] (FINRA) and [[Securities Investor Protection Corporation]] (SIPC), a wholly owned subsidiary of NewAlliance Bancshares, Inc., offers investment and insurance products to individuals and businesses


===Quick Facts===
===Quick facts===
Stats as of December 31, 2009:
Stats as of December 31, 2009:
* Total Deposits: $5.0 billion
* Total Deposits: $5.0 billion
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* ATMs: over 100
* ATMs: over 100
* Geographic Reach: [[Connecticut]] and [[Western Massachusetts]]
* Geographic Reach: [[Connecticut]] and [[Western Massachusetts]]
* Rank Among [[New England]]-based Banks: 4th largest
* Rank Among [[New England]]–based Banks: 4th largest
* Rank Among Connecticut-based Banks: 3rd largest
* Rank Among Connecticut-based Banks: 3rd largest


==References==
==References==
{{refbegin}}
<div class="references-small">
*https://www.newalliancebank.com/facts-at-a-glance Facts At A Glance
*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
*http://www.lib.uconn.edu/online/research/speclib/ASC/findaids/SBM/MSS20040048.html Savings Bank of Manchester Records
{{refend}}
</div>

{{reflist}}


==External links==
==External links==
{{Portal|Banks}}
*[http://www.newalliancebank.com newalliancebank.com]
*[http://www.newalliancebank.com newalliancebank.com]
* [http://www.nhregister.com/articles/2011/04/07/business/doc4d9c7cec7509e115430652.txt NewAlliance, First Niagara get final approval of merger, New Haven Register]

{{Authority control}}


[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Companies based in New Haven County, Connecticut]]
[[Category:Companies based in New Haven County, Connecticut]]
[[Category:Banks based in Connecticut]]
[[Category:Banks based in Connecticut]]
[[Category:Economy of New Haven, Connecticut]]
[[Category:Economy of New Haven, Connecticut]]
[[Category:Economy of Manchester, Connecticut]]
[[Category:Economy of Manchester, Connecticut]]
[[Category:Defunct banks of the United States]]

Latest revision as of 18:22, 15 September 2023

NewAlliance Bancshares
Company typePublic (NYSE: NAL)
IndustryFinance and Insurance
FoundedNew Haven Savings Bank (NHSB) 1838;
Savings Bank of Manchester (SBM) 1895;
Merger of NHSB, SBM & Tolland Bank 2004
DefunctApril 15, 2011
SuccessorFirst Niagara Bank
HeadquartersNew Haven, Connecticut, United States
Key people
Peyton R. Patterson, Chairman, & CEO
C. Gene Kirby, President
Glenn I. MacInnes, EVP and CFO
ProductsBanking
Revenue(Increase $46.4M FY 2009)
Websitewww.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.

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

History

[edit]

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

[edit]
Map of NewAlliance branches.
  • 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 of Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC), a wholly owned subsidiary of NewAlliance Bancshares, Inc., offers investment and insurance products to individuals and businesses

Quick facts

[edit]

Stats as of December 31, 2009:

  • Total Deposits: $5.0 billion
  • Total Assets: $8.4 billion
  • Branches: 87
  • ATMs: over 100
  • Geographic Reach: Connecticut and Western Massachusetts
  • Rank Among New England–based Banks: 4th largest
  • Rank Among Connecticut-based Banks: 3rd largest

References

[edit]
  1. ^ "First Niagara to buy NewAlliance in $1.5 billion deal".
[edit]
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