Stock Report: First Connecticut Bancorp Inc. (FBNK) Report Updated: May 20, 2013 | Print This Page

First Connecticut Bancorp, Inc. operates as the holding company for Farmington Bank that provides consumer and commercial banking services to businesses, individuals, and governments in central Connecticut. The company offers a range of deposit instruments, including checking and savings accounts, money market savings accounts, negotiable order of withdrawal accounts, demand deposits, club accounts, and fixed-rate time deposits. It also provides various loans, such as one-to-four family residential real estate loans; commercial real estate loans; construction loans, including commercial construction loans and real estate subdivision development loans to developers, licensed contractors, and builders for the construction and development of commercial real estate projects and residential properties, as well as loans to individuals and contractors for the construction and acquisition of personal residences; commercial loans consisting of term loans, revolving lines of credit for working capital needs, equipment lines of credit to facilitate the purchase of equipment, and letters of credit; home equity loans and home equity lines of credit secured by owner-occupied one-to-four family residences; and consumer loans, including installment, demand, revolving credit, and collateral loans. As of May 25, 2012, it operated 18 branch locations in central Connecticut. The company was founded in 1851 and is based in Farmington, Connecticut.