East Lyme

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Ascend Bank to open downtown Norwich banking hub for business development and growth
Norwich, CT Ascend Bank will establish a new downtown office at 187 Main St. to support loan production, business banking, and community development. This expansion reflects the bank’s longstanding commitment to the city and its continued investment in the city’s future. Located in the former home of the...
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General Dynamics Electric Boat Awarded $41.6M Navy Deal for Virginia-Class Materials
General Dynamics Electric Boat Corp. Groton, Connecticut, is awarded a $41,634,064 undefinitized contract action under a previously awarded contract in support of procurement of long lead time material for Virginia-class submarines. Work will be performed in Franklin, Massachusetts, and is expected to be completed by June 2031. Fiscal 2025 other procurement (Navy) funds in the amount of $18,924,574 will be obligated at time of award and will expire at the end of the current fiscal year. Supervisor of Shipbuilding Conversion and Repair, Groton, Connecticut, is the contracting activity (N00024-24-C-2124).