News: Financial Digest

Professional Profile: Stephen Reilly, 2015

Name: Stephen Reilly Title: Chair - Connecticut Bankers Assn. Company: Northwest Community Bank Location: 86 Main St., Winsted, CT Birthplace and year: Stamford, CT - 1962 Family: Wife - Meg; Children - Sean, Katie, Brendan College: UConn - BA in Marketing; completed National School of Banking First job outside of banking: Retail, sporting goods sales First job in banking or allied field: Teller at Union Trust Bank What do you do now and what are you planning for the future? Advance industry issues i.e. - lessen the regulatory burden in CT. There are many regulations affecting the banks, which they had nothing to do with. Banks also had nothing to do with the financial crisis. There is a place for regulation but we are at the other end of the spectrum. This also takes dollars away from the community. Dealing with debit card fraud is another issue. We are responsible for making our customers whole if they are victimized. Retailers have no financial incentive here in terms of protecting consumer information. Hobbies: Time with family, exercise and work out, golf, sports Favorite book: "The River of Debt" (on Teddy Roosevelt) Favorite movie: "It's a Wonderful Life" Person you most emulate (outside of family): John Ursone Key to success (one idea): Hard work with effective communication If you were forced to choose another vocation what would it be? Major league baseball manager
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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.