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Financial Services / Insurance Cluster

The financial services and insurance cluster is a major employment sector in the state and in Hamden. Almost 9% of the state’s total employment is in the finance and insurance sector, making it the highest of all Connecticut clusters and 2nd highest among all states. Connecticut also ranks #1 in insurance jobs per capita in the United States.

Connecticut is known for its high industry production value, with it being about 70% higher than the national average and double the average for all of the state of Connecticut industries. A job in the financial services and insurance cluster is also productive for the overall economy, as on average it leads to 1.6 additional jobs in CT. Most recently there were over 500 jobs in the financial services and insurance sector in Hamden.

This cluster is primarily made up of direct life insurance carriers, direct property and casualty insurers, savings institutions, insurance agencies & brokerages, and commercial banking.

Major Financial Services and Insurance Industries in Town Include:


They are a full-service commercial bank that serves consumers, professionals and businesses. They are a community-oriented bank that offer loans, checking, saving, remote deposits and mortgages.

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Address: 2704 Dixwell Avenue, Hamden, CT 06514
Phone: (203) 407-0756
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KeyBank has multiple branches located within Hamden ready to serve residents’ and businesses’ banking needs.

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People’s United Bank is a premier, community-based, regional bank in the Northeast offering a wide variety of business checking accounts, business savings accounts, business online banking services, business term loans and credit lines, commercial mortgages, SBA loans, payroll services, merchant card processing, cash management services, business credit cards, retirement / 401k plan services, business insurance, and workplace banking for their employees. Four of their 400+ locations are located within Hamden, two of which are open 7 days a week and have extended hours.

Hamden Plaza Branch
2165 Dixwell Avenue, Hamden, CT 06518
Phone: (203) 281-0531

Westwoods Branch
3496 Whitney Avenue, Hamden, CT 06518
Phone: (203) 238-1115

Hamden Stop & Shop Branch (Located inside the Super Stop & Shop)
2335 Dixwell Avenue, Hamden, CT 06514
Phone: (203) 407-8255

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Liberty Bank is Connecticut’s oldest mutual bank, first opening in 1825 and has over $3.5 billion in assets. They have a longstanding history and place in Connecticut because of their commitment to community involvement and personal service. They allocated a total of $5,000 in grants from the Liberty Bank Foundation to five Hamden-area nonprofit agencies: Rotary Club of Hamden, Hamden Youth Services Bureau, Hamden Community Services, Hamden Public Schools, and Hamden Family Resource Center.

Address: 2518 Whitney Avenue, Hamden, CT 06517
Phone: (888) 570-0773
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Ion Bank believes in building lifetime relationships by partnering with their customers help them identify and achieve their financial goals. Ion Bank options for checking and savings accounts suit the rapid pace and convenience for on-the-go lifestyles. For more than 145 years, Ion Bank has been involved in giving back to the communities they serve to fulfill their corporate mission of making a positive difference in the towns in which we live and work. Ion Bank partners with a variety of civic and charitable organizations, pitching in where help is needed most to contribute to the betterment of our communities. They volunteer alongside neighborhood residents and local businesses to make a difference. Some of the organizations they have partnered with are Habitat for Humanity, American Cancer Society, March of Dimes, area United Ways, Junior Achievement, Women’s Business Development Center, area food banks, and emergency shelters.

Address: 2989 Whitney Avenue, Hamden, CT 06518
Phone: (203) 729-4442
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TD Bank offers personal banking, business banking, online and mobile banking, and investing and insurance. TD Bank offers longer hours, morning, night and even ten minutes before and after the hours on our doors. TD Bank is also open Saturdays and Sundays.

Address: 2992 Dixwell Avenue, Hamden, CT 06514
Phone: (203) 287-4985
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        Webster Bank

Webster provides fast and easy banking with better checking and savings, smarter financing, and more ways to help you build your nest egg. Webster offers a wide variety of business checking accounts, business savings accounts, and business online banking services.

Address: 2855 Dixwell Avenue, Hamden, CT 06518
Phone: (203) 407-4294
Russell Outler, Branch Manager

Address: 5 Helen Street, Hamden, CT 06514
Phone: (203) 407-4272
Geoffrey Permison, Branch Manager


Citizens Financial Group, Inc. is one of the oldest and largest financial services firms in the United States. Headquartered in Providence, Rhode Island, where its roots date back to 1828, Citizens offers retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. With award-winning mobile apps, robust online offerings, a 24/7 customer contact center, the convenience of more than 3,200 ATMs and 1,200 branches in 11 states, Citizens is helping retail customers bank better every day. Citizens’ mortgage lending, auto lending, student lending and commercial banking businesses operate in select additional markets. Citizens Commercial Banking offers its corporate, not-for-profit and institutional clients a broad range of wholesale banking products and services including treasury services, specialty finance, foreign exchange, capital markets and debt syndication.

Address: 2884 Dixwell Avenue, Hamden, CT
Phone: (203) 287-2820
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Crosspoint Federal Credit Union is a not-for-profit cooperative that returns earnings to its members in the form of lower loan rates, higher interest on deposits as well as low or no-cost services. WFFCU provides exceptional value through our products and services, which in turn, saves money. WFFCU serves 56 different SEGs, which includes local boards of education employees, businesses, municipal workers as well as faculty, staff and students at two local universities. Once you become a member, you’re a member for life, even if you retire, move or change jobs. And once you become a member, you actually become part owner and elect a board of directors to represent your interests in your financial institution.

Address: 105 Sanford Street, Hamden, CT 06514
Phone: (203) 288-1695
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Waddell & Reed is a full-service financial firm that offers a wide range of financial products and services to both individuals and business owners. They help their customers develop a customized financial program using their financial planning, investments, retirement strategies, estate planning, estate and annuities services.

Carl Marchitto, Managing Principal
Address: 2319 Whitney Avenue, Suite 5A, Hamden, CT 06518
Phone: (203) 288-2990
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Weinstein & Anastasio, P.C.

For over 80 years Weinstein & Anastasio has been providing both individual and business clients with accounting, auditing, business advisory, tax planning, and more.

Julie Agvent, Marketing Director & Consultant
Address: One Hamden Center, 2319 Whitney Avenue, Suite 2A, Hamden, CT 06518
Phone: (203) 397-2525
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T.M. Byxbee Company, P.C.

Established in 1919, T.M. Byxbee Company is a nationally recognized accounting firm that aims to keep their focus on their customers. They assist customers in accounting and auditing, tax counsel, computer support and other specialized services.

Frank Jordan
Address: 2319 Whitney Avenue, Suite 5B, Hamden, CT 06518
Phone: (203) 281-4933
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