Greg Bordonaro

5 days ago | hartfordbusiness.com | Greg Bordonaro

State lawmakers on Wednesday approved a plan to spend $50 million over the coming two years to help finance the conversion of empty commercial buildings into new uses. The Greyfield Revitalization program was part of Gov. Ned Lamont’s original capital budget proposal unveiled in February. The capital budget is separate from the two-year, $55.8 billion General Fund budget that the House and Senate approved this week.

5 days ago | hartfordbusiness.com | Greg Bordonaro

Breeze Airways on Friday will debut its latest new route from Bradley International Airport to Piedmont Triad International Airport in Greensboro/Winston-Salem, North Carolina. The first flight will depart this evening and operate twice a week on Mondays and Fridays. “We are proud of our partnership with Breeze Airways as it marks its fourth anniversary at Bradley International Airport,” said Michael W. Shea, executive director of the Connecticut Airport Authority.

5 days ago | hartfordbusiness.com | Greg Bordonaro

A Stamford-based bank working to shore up its financial position said it will conduct a direct registered offering that will raise about $10.47 million in net proceeds. Patriot Bank, subsidiary of Patriot National Bancorp Inc., announced in a filing with the U.S. Securities and Exchange Commission that it has  entered into a securities purchase agreement with “certain accredited investors” that have agreed to buy 8.5 million shares at an average price of $1.25 per share.

2 weeks ago | hartfordbusiness.com | Greg Bordonaro

Guilford Savings Bank officially has a new CEO. Kyle J. Eagleson is now the community lender’s president and chief executive officer. He took over GSB’s top executive position on April 1, following the retirement of former CEO Timothy P. Geelan. Eagleson was elevated to president in January 2024. He takes on the added responsibilities as GSB is nearing completion of its merger with Eastern Connecticut Savings Bank, a deal that was announced last December.

2 weeks ago | hartfordbusiness.com | Greg Bordonaro

A retail building in the shadow of Westfarms mall that hosts a Barnes & Noble Bookstore has sold for $3.375 million, property records show. The 21,600-square-foot freestanding building at 1599 Southeast Road traded hands on May 7. The buyer was 1599 SE Road LLC, which lists as its principal another limited liability company, JHFWF LLC, state records show. JHFWF LLC lists itself as a jewelry retailer, and it has six principals including: Michael J. Hannoush, Sharbel J. Hannoush, Paul J.