Bloomberg News

Hartford Released From Savings and Loan Status by Boston Fed

February 01, 2012

Feb. 1 (Bloomberg) -- Hartford Financial Services Group Inc., the insurer that acquired a lender in 2009 to qualify for a U.S. bailout, will no longer be classified as a savings and loan holding company after repaying the government and selling the unit.

The insurer was released from the designation by the Federal Reserve Bank of Boston effective Jan. 26, according to a regulatory filing today from Hartford, which is based in the Connecticut city of the same name.

To contact the reporter on this story: Andrea Ludtke in New York at aludtke@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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