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Southern Connecticut Bancorp Inc. (SSE) is in the Financial Services Industry

Revenue
Dec 31 2007
$10.1M
Profit
Dec 31 2007
($573.6K)
Market Cap
Oct 09 2008
$15.3M

Latest News and Analysis

  • Southern Connecticut Bancorp, Inc. to Open New London Office

    Southern Connecticut Bancorp, Inc. recently announced that it plans to open a new office in New London. The bank will be called The Bank of Southeastern Connecticut, a division of The Bank of Southern Connecticut. "Opening a separately charted institution in New London has been a challenging process," said Joseph...

    Articles 2006-01-01

  • New Haven, Conn.-based bank reports third-quarter loss.

    By Steve Higgins, New Haven Register, Conn. Knight Ridder/Tribune Business News Oct. 22--NEW HAVEN, Conn. -- Southern Connecticut Bancorp lost $52,932, or 2 cents a share, in the third quarter, largely due to the cost of opening a new bank in...

    Articles 2004-10-22

  • South Connecticut Bancorp ties shortfall to costs of opening New London branch.

    By Anthony Cronin, The Day, New London, Conn. Knight Ridder/Tribune Business News Oct. 20--NEW LONDON, Conn. -- The Southern Connecticut Bancorp, which plans to open a new bank in downtown New London, said Tuesday that it suffered a modest loss during...

    Articles 2004-10-20

  • Southern Connecticut Bancorp shows growth for year, quarter.

    By Anthony Cronin, The Day, New London, Conn. Knight Ridder/Tribune Business News Jul. 21--The Southern Connecticut Bancorp, which is the holding company for the Bank of Southern Connecticut and the Bank of Southeastern Connecticut, said its profits and assets showed strong...

    Articles 2004-07-21

  • Southern Connecticut Bancorp ekes out 2-cents-per-share gain in second quarter.

    By Steve Higgins, New Haven Register, Conn. Knight Ridder/Tribune Business News Jul. 21--NEW HAVEN, Conn. -- Southern Connecticut Bancorp Inc. earned $20,200 in the second quarter, compared with a loss of $228,500 the same quarter a year ago. ...

    Articles 2004-07-21

  • Southern Connecticut Bancorp Raises $11.6 Million in Secondary Stock Offering.

    By Steve Higgins, New Haven Register, Conn. Knight Ridder/Tribune Business News Jun. 18--NEW HAVEN, Conn. -- Southern Connecticut Bancorp Inc. has raised a whopping $11.6 million in a secondary stock offering and started trading Thursday on the American Stock Exchange. ...

    Articles 2004-06-18

  • New Haven, Conn.-Based Bank Begins to Trade Stock on AMEX.

    By Anthony Cronin, The Day, New London, Conn. Knight Ridder/Tribune Business News Jun. 18--The American Stock Exchange on Thursday began trading shares of the Southern Connecticut Bancorp, which had been trading on the over-the-counter market. Shares of the New Haven-based bank...

    Articles 2004-06-18

  • New Haven-Based Parent of Bank of Southern Connecticut Makes Stock Offering.

    The Hartford Courant, Conn. Knight Ridder/Tribune Business News Jun. 18--The New Haven-based parent of Bank of Southern Connecticut hopes to raise $12.8 million in a secondary stock offering so it can establish a sister bank in New London. ...

    Articles 2004-06-18

  • New London, Conn., Bank Gets Temporary Go-Ahead.

    By Anthony Cronin, The Day, New London, Conn. Knight Ridder/Tribune Business News May 8--NEW LONDON, Conn. -- State banking regulators have issued a temporary certificate of authority for the organizers of the Bank of Southeastern Connecticut to complete the formation of...

    Articles 2004-05-08

  • New Haven, Conn.-Based Holding Company to Open New London Bank.

    By Matthew J. Malone, The Day, New London, Conn. Knight Ridder/Tribune Business News Jun. 14--A New Haven-based holding company plans to open a commercial bank in New London, a company representative said Friday. Southern Connecticut Bancorp, Inc., which currently...

    Articles 2003-06-14

  • Bank Holding Company Eyes New London, Conn.

    By Robert A. Hamilton, The Day, New London, Conn. Knight Ridder/Tribune Business News Dec. 7--NEW LONDON, Conn.--Southern Connecticut Bancorp, a holding company that owns a New Haven-based bank, is preparing an application to open a second bank that would be headquartered...

    Articles 2002-12-07

  • Applications approved under bank holding company act - Illustration

    APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACTBy Federal Reserve BanksRecent applications have been approved by the Federal ReserveBanks as listed below. Copies are available upon request tothe Reserve Banks.Section 3Applicants ...

    Articles 2001-11-01

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  • Incorporated: 2000
  • Employees: 39

Southern Connecticut Bancorp is a bank holding company. Co. owns The Bank of Southern Connecticut (the Bank), a Connecticut-chartered bank with its headquarters in New Haven, CT. The Bank focuses on serving the banking needs of small to medium-sized businesses, professionals and professional corporations, and their owners and employees in the greater New Haven and New London markets. The Bank provides a range of loans to businesses and individuals in its service area, including commercial and business loans, industrial loans, personal loans, mortgage loans, home equity loans, and automobile loans. At Dec 31 2006, Co. had total assets of $124.3 million and total deposits of $101.3 million.

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Southern Connecticut Bancorp Inc. Company Info

Board of Directors

Mr. Elmer F. Laydon

Chairman

Mr. Carl R. Borrelli

Mr. Alphonse F. Spadaro Jr.

Mr. Joshua H. Sandman

Mr. James S. Brownstein

Dr. Alfred J. Ranieri Jr., M.D

Mr. Louis A. Lubrano

Contact Information

215 Church Street

New Haven, CT

203 782-1100

NAICS Code

Consumer Lending: 522291

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