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Southern Connecticut Bancorp, Inc.
Overview
Southern Connecticut Bancorp is the holding company for The Bank of Southern Connecticut, which serves greater New Haven from about five locations. The bank offers standard deposit products, such as checking and savings accounts, CDs, and IRAs. It is mainly a business lender, with operating loans and commercial loans secured by real estate comprising about 90% of the company's loan portfolio. Construction, consumer installment, and home equity ...
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loans round out its lending activities. Southern Connecticut Bancorp and Naugatuck Valley Financial called off plans to merge in 2010.
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