Apr 19

TNB seeks to become state’s newest bank in face of Fed delays

Category : Press

If TNB USA Inc. bank opened tomorrow, there would be no branches, tellers or ATMs.

Connecticut’s newest bank, to be based in Norwalk, would exist only as a set of offices where some of the state’s biggest chunks of money would be managed in search of stable returns for entities like money market funds, towns and universities.

“It’s a wholesale operation; it’s for large investors, not for individuals,” TNB CEO James McAndrews said of the bank…

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