The Register Citizen (Torrington, CT)
Torrington Savings opens new branch in Bristol
TORRINGTON — Torrington Savings Bank recently opened its eighth branch at 888 Farmington Avenue, Bristol, further extending its reach into Hartford County.
Last year, the bank announced their plans to expand their branch footprint by acquiring a former United Bank branch. With the institution’s Business Development and Commercial teams having roots in the market, opening a branch in Bristol is a natural extension to serve all consumers in that community, according to a statement.
“At a time where many financial institutions are downsizing their branch footprint, TSB is committed to serving the Bristol community. As a longstanding mutual community bank, they believe having a physical presence is imperative to best deliver on the interests of the many local area businesses and consumers,” according to the statement.
Lesa A. Vanotti, President & CEO of Torrington Savings Bank said, “With all the merger and branch closing activity in this market, TSB is proud to bring our strong, community-focused bank to Bristol. The residents and City officials have been welcoming as we prepared for the branch opening and we are excited to introduce ourselves to those looking for a personal approach and long-term commitment from their bank.”
For more information on Torrington Savings Bank’s Bristol branch or open an account online visit: www.Torrington
Savings.Bank
HHC names new Chief Financial Officer
HARTFORD — Hartford HealthCare recently announced the appointment of Chibueze Okey Agba as Executive Vice President and Chief Financial Officer. Following the planned retirement of Charlie Johnson, Agba will begin on Sept. 27 and report directly to the
President and CEO, Jeffrey A. Flaks.
“The CFO’s role is one of great responsibility and accountability,” said Flaks. “Mr. Agba has a deep and varied professional background and brings an expansive and diverse perspective to this role. He has served at major academic medical centers — both internationally and across
the eastern seaboard. He is a strategic and innovative leader and most importantly, he is well aligned with Hartford HealthCare’s values and our culture. We are delighted that he has chosen to share his broad range of healthcare and financial experience with us.”
Since 2016, he has served as a Chief Financial Officer for Cleveland Clinic — first in the Clinic’s extensive center in Abu Dhabi, the first integrated health delivery system in the United Arab Emirates; and more recently for Cleveland Clinic’s Florida region, which includes five acute-care hospitals, 32 outpatient centers, as well as ambulatory and urgent care operations.
Previously, he was CFO and Treasurer at Tufts Medical Center and Floating Hospital for Children in Boston. He has also held executive finance positions at Harvard Medical School, Brigham and Women’s Faulkner Hospital in Boston, and the Massachusetts-based Partners Healthcare System.
Agba earned his bachelor of science degree from the University of Southwestern Louisiana, and his master of business administration from Mercer University in Atlanta. He has completed further executive education at the Harvard School of Business.
Bruno joins National Iron Bank
Steven Cornell, President and CEO at National Iron Bank, recently announced that Christopher Bruno has been hired as the bank’s Residential & Commercial Lending Officer in Fairfield and New Haven counties.
Cornell states, “We have a longstanding commitment to serving the communities and
investing in them to preserve the special quality of life found here in Connecticut. We are pleased to have Chris join us to support National Iron Bank’s mission and continued growth,” Cornell said in a statement.
Bruno brings more than 30 years of financial service experience to the bank.
“With both lending and investment experience throughout Connecticut, Chris exemplifies the relationship-driven customer service culture that has been a hallmark of National Iron Bank for 174 years” said Cornell.
Bruno resides in Newtown with his wife Carolynn and three children, and is active in his local community. As a Certified Financial Planner, he is also a member of the Financial Planning Association.
Greater Hartford single-family home prices up 15 percent
HARTFORD — According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of singlefamily homes in Greater Hartford increased 15.8 percent over July of last year (from $285,000 to $330,000). Closed sales increased 3.9 percent (from 793 to 824) while pending sales decreased slightly 0.5 percent (from 815 to 811). The number of days on market decreased 48.8 percent (from 49 to 24 days). New listings decreased 11.7 percent (from 941 to 831) and inventory dropped 32.9 percent (from 1990 to 1336), during this same timeframe.
In year-to-date statistics, year over year, new listings decreased 1.2 percent (from 5311 to 5246). Pending sales increased 10.2 percent (from 4004 to 4411) and closed sales increased 9.8 percent (from 3714 to 4079). The median sales price increased 18.8 percent (from $260,000 to $309,000) and the average days spent on market decreased 44.8
percent (from 58 to 32 days), during this same year to date, year over year, timeframe.
Condominium closed sales increased 7.3 percent (from 191 to 205) and pending sales increased 8.6 percent (from 198 to 215) over July of 2020. The median sales price increased 11.7 percent (from $179,000 to $200,000) and inventory decreased 32.3 percent (from 464 to 314). The average days on market decreased 66.1 percent (from 56 to 19 days). New listings decreased 10.3 percent (from 224 to 201) over this time, versus a year ago.
“This market is a perfect time for someone looking to sell,” said GHAR CEO, Holly Callanan. “Low inventory continues to create high prices and until more houses are on the market, this trend may continue,” she said.
In the national outlook, Lawrence Yun, NAR’s Chief Economist says, "Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes, all of which has resulted in an uptick in sales. Home sales continue to run at a pace above the rate seen before the pandemic."
The Greater Hartford Association of REALTORS® (GHAR) is the largest local real estate trade association in Connecticut, serving over 5000 members in the 27 town Greater Hartford real estate brokerage community. The Association provides technology, training, networking and business support to members, and supports a healthy real estate market by upholding high professional and ethical standards through a Code of Ethics, ongoing education and certification programs. As the advocate for the real estate brokerage industry, GHAR is the Voice for Real Estate® in the Greater Hartford region. For more information, call 1.860.561.1800 or visit www.gharonline.com.