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Peyton Patterson, the CEO of NewAlliance Bancshares, announced she will leave the company after it is acquired by First Niagara Financial early next year.
October 19 - WIB PH
After eight years as the chief executive of NewAlliance Bancshares, Peyton Patterson is trying out a different role: political appointee.
October 1
BNC Financial Group of New Canaan, Conn., has hired former NewAlliance Bancshares Chief Executive Peyton R. Patterson as its new CEO.
Patterson will join the boards and take over as CEO of the holding company and its banks in early September, the $477 million-asset company said Tuesday. BNC's current CEO, Merrill Jay Forgotson, will work with Patterson as she transitions into the role and then will stay on as president of one of the company's banks, the Bank of Fairfield. He will also remain on the board.
Patterson joined NewAlliance of New Haven, Conn., in early 2002 when it was called New Haven Savings Bank. She took the thrift public two years later and over the next seven years grew it into to one of the largest deposit institutions based in New England, with $9 billion of assets, through a series of acquisitions and organic growth.
NewAlliance's strong capital levels allowed it to weather the financial crisis without taking money from the Treasury Department under the Troubled Asset Relief Program. It was acquired
Patterson had signed a one-year noncompete clause that prevented her from working in the counties where
Patterson previously told American Banker Magazine that she
Patterson has been routinely