Business Briefs: Fairfield native takes charge, Bank branch moving...
Fairfield native George Krivda Jr. was named regional director for the U.S. Department of Agriculture’s Rural Development office covering Connecticut, Massachusetts and Rhode Island.
A resident of East Haddam, Krivda was born in Bridgeport and raised in Fairfield, attending the University of Connecticut.
Most recently, he worked at the Connecticut Department of Agriculture in Hartford as chief of staff, legislative program manager and public information officer.
Fairfield County Bank filed formal notice with the Connecticut Department of Banking to move its Post Road branch in Fairfield to 2000 Post Road, into space previously occupied by a Hudson Valley Bank branch.
Fairfield County Bank deposits at its existing 1312 Post Road location totaled $55.7 million as of June according to data filed with FDIC, with the Ridgefield-based bank also having a branch at 255 Tunxis Hill Road in Fairfield with $84.3 million in deposits.
Bridgeport-based People’s United Financial is Fairfield’s leader in deposits, totaling $699 million as of June for a 23 percent market share.
Fairfield business owner Melissa Squeo was recently recognized by the Women’s Business Development Council, founded in 1997 to provide the training, education and borrowing power necessary to empower women to successfully launch and grow their own businesses.
The Council presented their “20 for 20 Award” to 20 successful women entrepreneurs and women business owners, including Squeo, who have prospered from the not-for-profit’s services.
Squeo is the Founder of Carma Creative, LLC in Fairfield, a graphic design company focused on supporting brands whose mission is aligned with benefiting the greater good.
An Equinox facility was under construction last month in Fairfield at the site of the former Southport Athletic Club, 222 Old Post Road
The fitness operator opened a temporary showroom across the street at 233 Old Post Road.
When completed, southwestern Connecticut’s third Equinox will have three floors of studios and equipment, as well as a spa and juice bar. Equinox also has fitness centers in Darien and Greenwich.
Dawn Gitman joined Snyder & Pritchard Homes of William Raveis Real Estate in Southport.
A former elementary school teacher, Gitman and her husband relocated to Fairfield to raise their four boys. Gitman currently coaches soccer for two of her boys and she is an active member of the PTA at Osborn Hill Elementary School.
Online lender Laurel Road has appointed Scott Skorobohaty executive vice president of community banking.
Parent company Darien Rowayton Bank is in the process of adopting the Laurel Road Bank moniker of its student loan division. The change requires the approval of the state Department of Banking, which is accepting comments from the public.
Skrobohaty previously was executive vice president of commercial lending for Bridgeport-based People’s United Financial, and before that worked for Hudson Valley Bank. He has undergraduate and MBA degrees from the University of Denver.
Darien Rowayton Bank was founded in 2006, with branches in Darien, Norwalk and the Southport section of Fairfield.
Maplewood Senior Living has promoted Tom Gaston to chief investment officer and Shane Herlet to chief operating officer. The Westport firm operates 15 senior living communities, including one in Darien, and plans new developments in Fairfield, New York City and Princeton, N.J.
Both Herlet and Gaston joined Maplewood in 2011 in operations and development roles, respectively. Both previously worked for Benchmark Senior Living.
Last month, a Westport commercial real estate firm announced multiple lease deals. Franco Fellah, executive vice president at HK Group, made the announcement Nov. 20.
Coastal Connecticut Counseling, a therapy support center for individuals, couples, children and families, leased 3,342 square feet of office at 2960 Post Road in Southport.
Connecticut’s Gold Coast became the wealthiest pocket of the nation last year, according to new federal estimates on average personal income, despite generating the third lowest income growth in the Northeast and ranking in the bottom 30 percent nationally.
The Greenwich-Bridgeport corridor had average income of $106,700 in 2016, according to the U.S. Bureau of Economic Analysis, up 1.1 percent from 2015 and a slower rate of growth from the 1.5 percent gain the previous year.
Passenger trips on Amtrak’s Northeast Corridor increased 1 percent to 12 million total over the 12 months through September, with the rail line having local stops in Bridgeport and Stamford.
Nationally, Amtrak ridership was up 1.5 percent to 31.7 million passenger trips, with revenue up 1.1 percent to $3.2 billion in its 2017 fiscal year. Amtrak reported a $194 million operating loss, a 15.7 percent improvement from fiscal 2016.
As of September, Amtrak carried debt of $1.2 billion, down 64 percent from a decade ago.
According to recent predictions by The National Retail Federation, holiday sales are expected to increase by as much as 4 percent to $682 billion between November and December this year, compared to the same time last year.
At the same time, according to The Wall Street Journal, retailers are reporting offering fewer markdowns than in years past. In total, Black Friday discounts marked a 6 percent decrease this year, per price-tracking firm Market Track.