Hartford Business Journal

February 27, 2017

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For more B2B news visit FEBRUARY 27, 2017 Volume 25, Number 10 $3.00 Subscribe online Don't miss being a part of biggest sales lead generation day of the year on June 8th 2017 Introducing the ALL NEW FOCUS BANKING & FINANCE G R E AT E R H A R T F O R D ' S B U S I N E S S N E W S w w w. H a r t f o rd B u s i n e s s . c o m Index ■ Week in Review: PG. 6 ■ The List: PG. 10 ■ Deal Watch: PG. 14 ■ Movers & Shakers: PG. 18 ■ Nonprofit Notebook: PG. 18 ■ Opinion & Commentary: PG. 20 Value-based Care Despite federal efforts to repeal Obamacare, local healthcare officials say the increasing use of alternative-payment models will be here to stay, and they want broader education for younger and aspiring doctors. PG. 16 Higher-ed Planner As president and founder of West Hartford-based College Planning USA, Jeffrey Noll is pushing to make college planning a normal part of an employer-sponsored benefits package. PG. 3 By Patricia Daddona pdaddona@HartfordBusiness.com C onnecticut community banks swept up seven years ago in the Dodd-Frank financial reforms are anxiously waiting to see what emerges from President Don- ald Trump's demand to review and reform the massive, intricate law, which local bankers say has been overly burdensome and costly. "Community banks have a very simple business model," says Martin Geitz, president and CEO of Simsbury Bank, which has $510 million in assets. "[They] are not involved in the kinds of activities that led to the 2008 crisis. So we should have a different and sim- pler regulatory oversight than a [large bank like] J.P. Morgan Chase or a Bank of America." Passed in 2010 to address the mortgage lending and banking crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act put in place complex — and some say over- reaching — laws that regulate how banks write mortgages, process cus- tomer overdraft and credit card fees and comply with a host of other rules. In late January, Trump signed a vague but actionable executive order to review and overhaul Dodd- Frank, which he promised to dismantle dur- ing his campaign. While Greater Hartford com- munity bankers say they are not pushing for Dodd-Frank's outright repeal, they say reform is a welcome By Gregory Seay gseay@HartfordBusiness.com W hen Hartford's Bushnell Center for Performing Arts opened in 1930, it was hailed as a "beacon of hope'' amid the Depression underway at the time, according to its online history. The Bushnell opened amid a predominately residential neighborhood, providing a "sense of place'' to the community, the history continues. Eighty-seven years later, The Bushnell's professional and volunteer caretakers are preparing to embark on a fresh phase of development involving not only one of Hart- ford's cultural crown jewels but its surround- ing neighborhood as well. The Bushnell Square project — years in conception — is a multi-million-dollar vision ARTISTS' VISION The Bushnell preps for its next performance: Realty developer David Fay, CEO of The Bushnell Center for Performing Arts in Hartford, says redevelopment of the surrounding neighborhood will benefit both long term. P H O T O | S T E V E L A S C H E V E R Continued on page 8 Continued on page 12 George W. Hermann, president and CEO, Windsor Federal Savings Bank, and treasurer, American Bankers Association Community banks anxious for Dodd-Frank reforms

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