It was the fourth failure of a Connecticut bank this year.

Several Connecticut banks have announced preliminary results from 1990, and most will be announcing their final numbers over the next few weeks.

Consider, too, how People's, the Connecticut bank, decided to handle two recent short sales.

Some Connecticut banks are likely to benefit from the higher rates because they have done an outstanding job in managing their "interest sensitivity gap."

Additionally, Connecticut banks will no doubt be looking at slower loan activity as the rates become less attractive.

At the time, out-of-state banks were not permitted to own Connecticut banks.

Connecticut Bank and Trust, one of the state's largest lenders, had curtailed lending over the last year.

But Connecticut banks have had their problems.

Dozens of Connecticut banks and thrift institutions converted to stock corporations in the 1980's as a way to raise money for investments.

Connecticut Bank and Trust offers two flexible-time options on an informal basis.