NewAlliance Bank

NewAlliance Bancshares is a New Haven, Connecticut headquartered regional banking and financial services company and the parent company of NewAlliance Bank, the third largest bank headquartered in Connecticut and fourth largest headquartered in New England. It has 89 branches in six Connecticut counties and in western Massachusetts. In addition to offering a full range of personal and commercial banking products and services, NewAlliance Bank also provides trust services and investment and insurance.

In 1838, New Haven Savings Bank opened its doors in downtown New Haven. Over the years, it became one of the oldest, most respected financial institutions in New England, helping individuals and businesses of all kinds not just survive but thrive. It’s that commitment to the community’s growth that fueled the bank’s own expansion—and enabled it to weather the Civil War, the Great Depression and the banking crisis of the early 1990s.

In 2006 and 2007, NewAlliance also acquired several other banks, further expanding its footprint in the New England area. In January of 2006, it acquired Cornerstone Bank (Cornerstone Bancorp, Inc.), headquartered in Stamford, CT. In 2007, it acquired Westbank Corporation in Massachusetts as well as Connecticut Investment Management, Inc.

Today, under the leadership of Peyton Patterson and an extraordinarily talented and committed management team and board of directors, NewAlliance Bank remains steadfastly committed to the communities it serves. It ranks as Connecticut’s third-largest bank as well as the fourth-largest bank based in New England.