Hartford Business Journal

4 HARTFORDBUSINESS.COM | APRIL 17, 2023 BIZ BRIEFS 974 & 976 SILAS DEANE HIGHWAY, WETHERSFIELD | newenglandpatioandhearth.com Furniture Showroom 860-563-1000 | Fabric Design Center 860-529-7571 SHOP CONNECTICUT'S LARGEST SELECTION OF QUALITY PATIO FURNITURE A L U M I N U M • P O LY L U M B E R • T E A K • W R O U G H T I R O N Transform Your Outdoor Living Space and Create Your Dream Oasis B R I N G YO U R F U R N I T U R E BACK TO LIFE! FORMERLY MILA FABRIC & DESIGN • Same experienced team of design consultants and craftspeople • Extensive collection of interior fabric (in-stock and available by order at mill direct pricing) • Services include: upholstery, slip covers, custom window treatments FABRIC & DESIGN CENTER Windsor Locks Federal Credit union changes name for third time in 83-year history The 83-year-old Windsor Locks Federal Credit Union has a new name. The not-for-profit cooperative, which has 4,194 members and $86.8 million in assets, is now called Riverbank Federal Credit Union. Officials said the new name reflects the credit union's proximity and connection to the Connecticut River, and also the fact that it is open to all people throughout Hartford County. Its only branch is located at 516 Spring St. Webster Bank names new president Webster Bank announced that it has named a new president, one of two executive-level promotions. Chief Operating Officer Luis Massiani was appointed president of Stamford-based Webster Bank and will oversee bank oper- ations, technology, retail, and digital banking and corporate strategy. He will continue to serve as chief operating officer. Massiani previously served as chief financial officer of Sterling Bancorp, which merged with Webster Financial Corp. in 2022. In addition, Webster Bank promoted Chris Motl, president of commercial banking, to senior executive vice president. He will continue to lead the bank's expansion of its commer- cial banking activities. Glastonbury's May, Bonee & Clark Insurance acquired by national specialty insurer A Glastonbury-based company, May, Bonee & Clark Insurance, has been acquired by a national specialty insurer based in Boston. Risk Strategies announced that it has purchased May, Bonee & Clark, which provides insurance place- ment, financial services and risk management advice. Terms of the deal were not disclosed. Risk Strategies, the ninth-largest privately held U.S. brokerage firm, has more than 30 specialty practices and more than 100 offices, including in Boston, New York City and Chicago. May, Bonee & Clark Insurance has provided insurance services to busi- nesses and individuals in the Greater Hartford area for more than 35 years. Day Publishing consolidates weekly newspapers Day Publishing Co., owner of the New London Day daily newspaper, announced it has reduced its number of "Times"-branded weeklies from nine to three. The weeklies have been struggling due to less advertising, specifically related to its inserts, according to Business Editor Lee Howard, who writes for the New London Day and has overseen the weeklies. "It's a regrettable decision, but one that had to be made to save jobs and content in the Day paper," Howard said. Howard said the weeklies that will remain are the Mystic Times, Norwich Times and The Times. Newington manufacturer announces layoffs A German manufacturing company notified its employees and the state this month that it plans to lay off almost 100 employees at its Newington site, according to information submitted to the state Department of Labor. Schuco USA, the North American headquarters for Germany-based window, door and facade systems manufacturer Schuco, announced it was downsizing its Newington fabri- cation unit at 240 Pane Road, leaving only its wholesale division at the site. Schuco USA Human Resource Manager Laura J. Sprague said the layoffs were expected to begin June 3, and come after "several difficult years of business with supply chain interrup- tions, inflation, geopolitical challenges and the unprecedented disruption caused by the COVID-19 pandemic." CT Children's Medical Center opens fetal care center Connecticut Children's Medical Center has opened a new fetal care center, the only such facility in New England with a dedicated delivery unit. The center is inside Connecticut Children's main campus at 282 Wash- ington St., in Hartford. Later, it will be relocated to the new eight-story tower addition the care provider is building, which is set to open in 2025. The Fetal Care Center at Connecticut Children's treats mothers with babies who have been identified as high-risk for serious birth defects or health condi- tions that may need advanced care in utero and soon after delivery. Luis Massiani Chris Motl Schuco USA's facility in Newington. PHOTO | COSTAR

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