NewAlliance’s Patterson hired at BNC Financial

Contibuted photo of incoming BNC Financial CEO Peyton R. Patterson

BNC Financial Group, the holding company for The Bank of New Canaan, The Bank of Fairfield and Stamford First Bank has hired the former chief executive of NewAlliance to take over in September.

Peyton R. Patterson, who led NewAlliance for nearly a decade building it through acquisitions, taking it public and then oversaw the sale to First Niagara, has accepted a new job with BNC, where she will replace M. Jay Forgotson, one of the founders of the Connecticut institution.

She brings more than 25 years experience, but did take some lumps in the sale to First Niagara as some shareholders and politicians felt the bank should have remained headquartered in New Haven rather than being sold to New York bank.

Analysts, however, were impressed with her run at the helm of NewAlliance and one told The Mines it’s an interesting development.

Rob Varnon