Federal Trust Corporation

The Hartford Financial Services Group Inc. plans to inject $100 million of capital into the Sanford, Fla.-based lender it's buying to qualify for Treasury aid. "We're going to continue operating" Federal Trust Bank, Shannon Lapierre, a spokeswoman for...

HARTFORD, Conn. Hartford Financial Services Group Inc. said yesterday that it applied to switch its business structure to a savings-and-loan holding company, which would make the firm eligible for funding under the government's $700 billion bank rescue...

The Hartford, a longtime giant of the insurance industry, is making a run at some serious government-bailout money, and its gateway to billions of dollars runs through a small, troubled savings and loan in Central Florida. The Hartford Financial Services...

WALL STREET ENDS WEEK ON DOWN NOTE | Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plunging again as investors absorbed another wave of downbeat economic news. The Dow...

Sanford-based Federal Trust Corp. announced Friday that it has agreed to be acquired by insurance giant Hartford Financial Services Group Inc., a pending deal potentially worth $10 million. Terms call for the insurer to pay Federal Trust investors $1 a...

Four of the world's biggest life insurers are looking to acquire small banks to improve their chances of getting cash from the $700 billion U.S. government bailout fund. The Hartford Financial Services Group Inc. has already said it plans to acquire a...

Life insurers are being called everything from "corporate pigs" to pragmatic capital-seekers as they try to tap billions of the U.S. Treasury's bailout funds. They've touched off a scorching debate about whether they should get a piece of the action...

Consolidated-Tomoka Land Co. Friday's close: $26.09, down 10.34% from previous week Consolidated-Tomoka's board of directors last week authorized a program to repurchase $8 million of the company's shares. The Daytona Beach-based landowner and...

Recent mergers and acquisitions involving Central Florida companies, as reported by Bloomberg News: Brown & Brown Inc. of Daytona Beach announced Nov. 14 the asset acquisition of Agency Associates Inc. in Indiana and certain affiliated entities. Agency...

The Hartford said Friday it has applied to become a savings and loan holding company and signed a deal to buy a Florida bank in hopes of getting an estimated $1.1 billion to $3.4 billion of capital from the U.S. Treasury's assistance program. The...

The Hartford, weighed down by investment losses and other business pressures, announced dramatic steps Friday to shoot for a financial boost from the U.S. Treasury. The Hartford Financial Services Group applied to become a savings and loan holding...

In its latest setback, Sanford-based Federal Trust Corp. will be delisted from the New York Stock Exchange after the trading agency cited it for violating market capitalization and other requirements, the bank said late Monday. NYSE officials recently...