4 Hartford Business Journal • May 25, 2015 www.HartfordBusiness.com
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range from $3,000 and up.
In 2005, Hills' business generated 84 cli-
ents. A decade later, it averages about 310
funerals annually. There are three employ-
ees in the Hartford office on Barbour Street;
six in New Haven on Chapel Street. Annual
revenue is about $1.5 million.
Eventually, Hill, who lives in Hamden with
his wife, Nancy, and their three children, would
like to open other offices. He also is a believer
that businesses can and should play an influen-
tial role in strengthening communities.
Hill's journey as an entrepreneur was pro-
pelled by the expected challenge of a new life
— and the inevitability of death. n
Stan Simpson is host of "The Stan Simpson
Show", which airs Saturday, 5:30 a.m., on
Fox CT and online at FoxCt.com/stan. You can
send suggestions for the "Faces in Business"
column to stansimpson@comcast.net.
Hill
Norwich lender eyes
Hartford County office
Chelsea Groton Bank, one of the nation's
oldest remaining depositor-owned lenders,
wants to expand for the first time its shore-
line/eastern Connecticut footprint into
Hartford County.
The $973 million-asset Norwich mutual
bank recently applied to the state Depart-
ment of Banking for permission to open a
loan-production office at 273 Hebron Ave. in
Glastonbury.
Lori Dufficy, senior vice president and
director of sales and services, said that if
regulators approve, the bank hopes to open
sometime in the third quarter with five or six
employees in about 2,200 square feet of leased
space in the streetfront office building.
"We are highly capitalized and ready to
lend,'' Dufficy said.
Staff will include as many as four residen-
tial-mortgage loan officers, one commercial
banker, and one administrative staffer, Duf-
ficy said.
Chelsea Groton spent about a year
searching for the ideal office location,
including in Colchester, Lyme, and East
Haddam, she said.
Glastonbury, where major Connecticut
mortgage lender United Bank is based, was
ideal, Dufficy said, due to its high percentage
of households who rent, posing a huge lend-
ing opportunity to potential homebuyers.
The bank's 14 branches are mostly in the
state's southeast corner.
— Gregory Seay
