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Bank of America said this week it has hired several people for finance jobs in Connecticut, among other metro areas.

The banking giant said that it is hiring more than 90 small business bankers in the tri-state area to provide guidance and counsel to local small business owners.

The company is also hiring for finance jobs in New Jersey.

Through a relationship with a Bank of America small business banker, customers will have convenient access to local small business expertise and a dedicated resource who knows their business. Small business bankers will consult with small business owners at their places of business and assess their companies’ deposit, credit and cash management needs.
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An established financial services company said this week it has hired for finance jobs in Boston.

William (Bill) H. W. Crawford, IV, President and Chief Executive Officer (CEO) of Rockville Financial, Inc. (the “Company”), the holding company for Rockville Bank (the “Bank”) today announced the hiring of three new executives and promoted two Rockville Bank officers to Executive Vice Presidents. Joining Rockville are Marino Santarelli as Executive Vice President and Chief Operating Officer (COO), Scott Bechtle as Executive Vice President and Chief Risk Officer, and Stanley (Steve) Koniecki as Senior Vice President, IT and Operations Officer. Crawford has promoted John T. Lund, Chief Financial Officer and Treasurer to Executive Vice President, and Mark A. Kucia, Commercial Banking Executive to Executive Vice President.
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A major electric company is planning to cut Connecticut finance jobs.

General Electric Co. recently announced its plan to cut jobs and costs next year from GE Capital, based in Fairfield, Connecticut. The plan will save $2 billion in costs as the company slows lending in some businesses, considers others for potential sale and cuts jobs. The cuts, which will effect some of GE Capital’s 75,000 positions, will begin Jan. 1, 2009. Positions will be reduced as the company consolidates back offices and curbs lending in areas such as residential mortgages, according to an article by Bloomberg.

“Broadly, in a world where we think liquidity is an issue and is likely to remain an issue for a while, we’re de-emphasizing in general product lines that attract a lot of debt for the amount of earnings,” Vice Chairman Michael Neal said in the article.

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