FBNK - First Connecticut Bancorp, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

First Connecticut Bancorp, Inc.

One Farm Glen Boulevard
Farmington, CT 06032
United States
860-676-4600
http://www.firstconnecticutbancorp.com

SectorFinancial
IndustryMoney Center Banks
Full Time Employees339

Key Executives

NameTitlePayExercisedAge
Mr. John J. Patrick Jr.Chairman, CEO and Pres932.56kN/A58
Mr. Gregory A. WhiteCFO, EVP, CFO of Farmington Bank, EVP of Farmington Bank and Treasurer of Farmington Bank425.86kN/A53
Mr. Kenneth F. BurnsExec. VP and Director of Retail & Marketing350.68kN/A57
Mr. Michael T. SchweighofferChief Lending Officer, EVP, Chief Lending Officer of Farmington Bank and EVP of Farmington Bank464.99kN/A54
Ms. Catherine M. BurnsChief Risk Officer and Exec. VP349.11kN/A56
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

First Connecticut Bancorp, Inc. operates as the holding company for Farmington Bank that provides various consumer and commercial banking services to businesses, individuals, and governments in the United States. The company offers various deposit instruments, including checking, savings, money market savings, and negotiable order of withdrawal accounts, as well as fixed-rate time deposits. It also provides one-to-four family residential real estate loans; commercial real estate loans; construction loans, such as 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; and commercial loans comprising term loans, revolving lines of credit for working capital needs, equipment lines of credit to facilitate the purchase of equipment, and letters of credit. In addition, the company offers home equity loans and home equity lines of credit secured by owner-occupied one-to-four family residences; and consumer loans consisting of installment, demand, revolving credit, and collateral loans, as well as resort loans. Further, it provides wealth management services. As of March 01, 2017, the company operated 24 branch locations in central Connecticut and western Massachusetts. It also operates four limited services offices, three stand-alone ATM facilities, and two loan production offices. First Connecticut Bancorp, Inc. was founded in 1851 and is based in Farmington, Connecticut.

Corporate Governance

First Connecticut Bancorp, Inc.’s ISS Governance QualityScore as of December 1, 2017 is 8. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 10; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.