Summary
Southern Connecticut Bancorp Inc. lost $54,937, or 2 cents a diluted share, in the third quarter, the company said Tuesday. That compared with net income of $18,725, or 1 cent a share, the same period a year earlier.
Michael M. Ciaburri, president and chief operating officer, said he expects the bank holding company to return to profitability in the fourth quarter, after four straight quarterly losses.See the full content of this document
Extract
Bank Group Loses $55g in Third Quarter
"We're growing and building infrastructure," said Ciaburri. "Hopefully, the fourth quarter of this year we'...
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