Connecticut Banking 1Q 2015

First Quarter 2015

CT MOST WANTED REBRANDS AS

First Quarter 2015 • Connecticut Banking Magazine

First Quarter 2015

CT MOST WANTED REBRANDS AS

CONNECTICUT BANKERS ASSOCIATION

10 Waterside Dr. Farmington, CT 06032-3083 Telephone: 860-677-5060 • Fax: 860-677-5066 Chairman Stephen P. Reilly

Second Vice Chairman B. Michael Rauh

First Vice Chairman Richard J. Cantele

President & CEO Lindsey R. Pinkham

President & CEO Northwest Community Bank President & CEO Salisbury Bank & Trust

President & CEO Chelsea Groton Bank

COVER STORY

CT Most Wanted Rebrands As CT Financial Crimes Most Wanted....................................... 10 FEATURES

What is Banking Compliance Going to Look Like in 2015?..... 4 A Merger of Equals............................................................... 6 Saluting America’s Hometown Bankers............................... 12

Executive Vice President & Treasurer Thomas S. Mongellow First Senior Vice President & Secretary Colleen E. Clancy

BankWorld 2015 Hits all the Right Notes............................. 14 New Leaders in Banking..................................................... 16

Connecticut Banking is an official publication of the Connecticut Bankers Association and is published quarterly by

The Warren Group

Design / Production / Advertising www.thewarrengroup.com custompubs@thewarrengroup.com With the exception of official association announcements, the Connecticut Bankers Association and The Warren Group disclaim responsibility for opinions expressed in Connecticut Banking. This publication is intended and designed to provide accurate and authoritative information, not to provide legal, accounting or other professional advice.

CONNECTICUT BANKING Editor

Brenda Kowalski

©2015 The Warren Group Inc. All rights reserved. The Warren Group is

a trademark of The Warren Group Inc. No part of this publication may be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without written permission from the publisher. Advertising, editorial and production inquiries should be directed to: The Warren Group, 280 Summer Street, Boston, MA 02210. Call 800-356-8805.

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Page 26

CBA Calendar................................................................ 8 Bankers in the News..................................................... 24 Banks in the News........................................................ 26 3

Connecticut Banking Magazine • First Quarter 2015

What is Banking Compliance Going to Look Like in 2015?

By Darlia Fogarty all business lines. They (the regulators) are also looking for strong board-level involvement and detailed documentation of all things related to compliance. This is evidenced through the continued effort of the regulators to seek out deceptive marketing, debt traps, dead ends and discrimination.

Formalizing your bank’s processes is paramount in addressing regulatory concerns, and it's easier than most think. It's really just about going through all your compliance areas (risk assessment, policies, procedures, monitoring) and ensuring that there are welldocumented, uniform processes in place across the entire bank. Having these formalized processes in place allows your bank not only to avoid enforcement actions, but also to improve its business in general. The added structure can help you pinpoint and correct inefficiencies, as well as reduce continuity risks associated with personnel changes. When structured correctly, compliance procedures can ensure everyone in the bank and even each branch are doing things in the same compliant manner.

We expect the CFPB to issue regulations covering overdraft, debt collection, payday lending and arbitration during the first six months of 2015, and finalize the HMDA rule later in the year. Also, given the continued retailer data breaches, regulatory agencies will likely explore how to strengthen protections in the payment system, which may include a focus on mobile banking and emerging technologies.

We can’t forget the TILA/RESP integrated disclosure implementation and the changes in policies, procedures and systems this requirement will bring. Despite all of the preparation and the extended time we have had to prepare, it is likely that platforms will not be ready by the August 2015 deadline.

Trying to stay one step ahead of regulator deadlines and simply keeping up with new requirements are all reasons to keep a proactive compliance department. Your state banking association saw the writing on the wall for compliance and was proactive in forming Compliance Alliance to assist banks with all of these compliance endeavors. u

R

eady or not, 2015 is already in full swing. Simply remembering the beginning of 2014 and the overwhelming volume of changes caused us all to take a deep breath.

Watching enforcement actions being issued every month was as concerning as the regulatory changes. One thing is certain: compliance should have moved to the top of the agendas for every bank in America.

As 2015 is getting started, in order to be ready for anything the regulators push out, it is important for banks to ensure that your compliance program is being operated in a proactive manner. The days of reactive compliance are over. What I mean by reactive compliance is simply those times we read about our peers being dinged for deceptive overdraft practices or any other issues would cause us to then focus only on our overdraft program or whatever issue others were being dinged on. However, an unpredictable and constantly shifting regulatory environment is now the new normal, and banks must be prepared to prove strict compliance on all fronts at any time.

How can this be accomplished? There must be a top-down approach to compliance. The board and senior management must demonstrate a commitment to compliance and include compliance in every aspect of the business. We have witnessed regulators scrutinizing and cracking down on all banks, they (the regulators) aren’t discriminating, as you see enforcement actions being levied against the large and the small, that aren’t demonstrating sound, consistent compliance procedures across

Darlia Fogarty is director of compliance for Compliance Alliance.

For more information, visit www.compliancealliance.com.

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Connecticut Banking Magazine • First Quarter 2015

A Merger of Equals Rockville Bank and United Bank Join Forces

By Laura Alix

William H.W. Crawford, President and CEO, United Bank

W

hile banking M&A activity these days has largely been a game of “eat or be eaten” as community financial institutions sell themselves in the hopes of surviving amid razor-thin margins and burgeoning regulatory burden, last year’s merger between the Glastonbury-based Rockville Bank and West Springfield’s United Bank stood out as an exception. The $369-million deal created the fourth-largest bank in the Greater Hartford and Greater Springfield markets, with more than 50 locations between the two, and the now $5-billion institution has swiped some experienced bankers from larger competitors.

William H.W. Crawford, previously the head of Rockville Bank and now the president and CEO of United Bank, has his roots in the South, but he traveled north after the financial crisis, when he decided he wanted to “build a great company.” It was with that attitude that he took the reins at Rockville Bank. Recently, he took some time to chat with Connecticut Banking and take a look back at the deal.

Q: Can you tell us about some of the early

conversations behind the merger?

A: I met United Bank President and CEO Richard B. Collins in February of 2011. I wasn’t CEO of Rockville yet, and on my first meeting, he said, “Bill, have you ever thought of putting our two companies together?” … Dick and I had conversations on and off over a couple of years, but it really heated up in September of 2013.

There was a merger of equals that got done in New York: Sterling Bank and Provident Bank. That became a data point for us. That was a deal where investors took fairly significant book dilution with fairly reasonable accretion and a payback that was reason-

able. With that data point, Dick and I had something we could wrap our arms around.

We came up with a structure and made a presentation to our board and management team … I think from that meeting, we saw that we could all work well together.

I believe scale is important. We were $2.2 billion, roughly, with a pretty deep management team. The opportunity to get to $5 billion was very attractive.

Q: Do you think that increased asset size

made it easier for you to recruit new talent?

A: I think it did. I know Dave Paulson, head of wholesale banking, we’ve known each other for a long time and it was hard to have a job that would fit him at $2 billion, but at $5 billion it made a lot more sense.

We have really been a connoisseur of talent.

If you look at the mortgage business, we went from 10 or 11 mortgage loan originators to 37 mortgage loan originators. We have many of the best anywhere in New England.

We also did commercial team lifts, attracting TD Bank’s [and] People’s United teams … our ability to attract great talent is very strong. We find the best bankers and get them on our team.

We also hired someone who was pretty senior in virtual banking at Bank of America, and they will build that business up nicely as we go.

Q: How did you make decisions around

branch consolidation?

A: The first four branches were pretty straightforward. We had a Rockville branch and United had one across the street, so that was easy.

For the next five, we brought a consultant in and really studied the economics of those locations, competition, other locations … in the end, they were generally outside our main networks, and so it just made economic sense to close those locations.

I think you’re going to see a lot more of that, because while branches are important, I think there’s definitely way too many in New England for customers’ needs. Banks have been very slow to rationalize their branch investments.

6

Q: Looking back at the merger now, is there

anything you would have done differently?

A: I think in the end, what I’m pleased with is the boards got together well, the management team got along well and the employees got along well.

I think the biggest challenge in anything like this is managing the pace of change.

That’s something we’re very mindful of, how much change we put employees and management through.

There are probably some areas where we would have managed the pace of change a little better … but I think it’s mostly preparing employees for what’s going to happen and come down the road. Once you get into it, you have to make decisions quickly and keep moving the ball. You wish you could take more time and talk with more groups before decisions get made and happen.

Q: What’s ahead for United Bank in 2015?

A: We need to prove to the market our num-

bers. I think 2015 is going to be important to deliver on the promises we made in the merger to customers and communities and shareholders, so we’re really focused on continuing to provide great customer service.

Commercial banking is probably our highest opportunity, mainly because we’ve lifted out teams from other banks … I think that’s a very exciting story for us.

In the retail business, we’re very strong there. And our financial advisory group was recently ranked #3 in America in terms of year-over-year growth. I think we’re doing very well with consumers, and we have enormous opportunity on the commercial side.

We are targeting a 10 percent return on common tangible equity. Peer banks achieving this performance trade at about 155 percent price to tangible book per a regression analysis. Our tangible book is $9.65, so we believe this implies a significantly higher valuation compared to where we trade today. We are also targeting 2 percent non-interest expense to average assets by fourth quarter 2015, which will give us a very attractive cost structure relative to peers. u

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Connecticut Banking Magazine • First Quarter 2015

Upcoming

CBA Calendar MARCH 12 25

AUGUST

Call Report Seminar CFT Bankers’ Forum

31

SEPTEMBER

APRIL 15 17 21

MAY 12 19 25

7 17 30

CSFM 2015 Graduation Women In Banking Flood Insurance Workshop

6 12 28

BSA/AML Seminar 2015 Director & Senior Officer Symposium Memorial Day

3

Bank Security Seminar Columbus Day 2015 Mortgage Symposium

NOVEMBER

11 Veteran’s Day 12-15 CBA Annual Meeting 25 Thanksgiving Day

CT Legislative Session Ends CFT Bankers’ Forum

JULY

Labor Day Asset/Liability Management Seminar Director’s College

OCTOBER

JUNE 3 8

CBA Golf Tournament

DECEMBER

Independence Day Observed

25

Christmas Day

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Connecticut Banking Magazine • First Quarter 2015

CT MOST WANTED REBRANDS AS

10

First Quarter 2015 • Connecticut Banking Magazine

C

T Most Wanted has recently been rebranded to reflect a wider audience of users, and its new name is CT Financial Crimes Most Wanted. This transformation was made in cooperation with Harry Azano, president of Integrated Security Group (ISG), the Connecticut Police Chiefs Association’s Private Security Committee (CPCA) and many bank security officers across the state. The site was originally targeted at bank robberies, but has expanded reporting categories including thefts, frauds and assaults.

The expansion of site categories was a direct result of the CPCA interest in the site.

cussions with GetFused regarding making the site mobile device friendly and providing the site with enhanced security features.

The Connecticut Banker’s Association was hoping to give the FBI some assistance in its efforts, and about one year ago, approached some CBA members who are also members of the CPCA, Bob Voets of Ion Bank being one of them. The issue was brought to the Private Security Committee as an excellent opportunity to serve the charter of the committee, being to promote the joint efforts of the private and public sectors in serving the community by

The site, originally known as “ctmostwanted.com,” is owned by the CBA and has been in operation since 2008. It had been administered by the New Haven office of the FBI since that time. It is now administered by ISG as a service to the banking industry and law enforcement. The purpose of the site is to display photos and accounts of bank robberies and other financial crimes in an effort to have suspects identified and turned into police. Also new to the site is information on the Connecticut Banker’s Reward Association, which provides financial incentives to members of the general public who provide pertinent information to law enforcement in the case of certain crimes.

With the exception of Vermont, all of the other New England states have “most wanted” websites hosted by the Boston firm GetFused. The five states are currently in dis-

fighting crime and creating a safer and more secure environment in which to conduct business in the state.

A series of meetings between the two associations in early 2014 led to an agreement that the CBA would still own the site, that GetFused would be retained to enhance and manage the site and that the CPCA would endorse the site’s active use to its members. Thanks to the leadership of the CPCA, Southington Police Chief Jack Daley, CPCA President Pam Hayes and other members of their Private Security Committee including bankers Voets and Frank Teti of Webster Bank, the newly renamed site was launched. In just the first four months since the transition, there have been over 50 new crimes posted to the site, along with nine “captured” updates. Please visit the site at ctfinancialcrimesmostwanted.com. u

Connecticut Bankers Reward Association The Connecticut Bankers Reward Association (CBRA) was originally founded in 1981 when the Connecticut banking industry joined with municipal, state and federal law enforcement agencies throughout Connecticut to provide funding to assist in the investigation of bank robberies.

CBRA was formed to provide financial rewards to citizens that provide information to Connecticut law enforcement that helps in the apprehension of the bank robbery suspects.

The CBRA works hand in hand with the recently revamped CT Financial Crimes Most Wanted website.

The website has proven to be a valuable tool for Connecticut law enforcement agencies in identifying repeat robbery offenders and reducing investigation man hours at both member banks and law enforcement agencies across the state. The CBRA is supported by the Connecticut Bankers Association.

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Connecticut Banking Magazine • First Quarter 2015

Saluting America’s Hometown Bankers

By Frank Keating, President and CEO, American Bankers Association

W

hen we asked five bankers from five states across the country to come to Dallas last November for a film shoot, we didn’t know what to expect. The bankers were invited to Dallas – a central location – to join members of a film crew and a cast of extras to produce a series of three television ads spotlighting “America’s Hometown Bankers.”

Filming television ads means long days of multiple takes at multiple locations. The weather – for outdoor segments – is another variable. For our banker-spokespersons, it was unseasonably cold during the two days of filming.

Yet through it all, our “talent” was patient, positive and proud to help promote the industry’s image. Representing Colorado, New Mexico,

Oklahoma, South Dakota and Virginia, they showcased the ways bankers help their customers achieve their dreams, from buying a first home to growing a small business.

They spoke from their hearts about the values they share as bankers with their customers and communities every day. This aspect was not lost on members of the production company, who were amazed at the bankers’ naturalness that underscored the strength of their convictions and credibility.

Our ads also highlight bank technology that makes customers’ lives more convenient and secure, from 24-hour fraud monitoring to mobile check deposits. These are messages that we know from research will resonate with consumers.

We unveiled our new ad campaign

during Sunday morning talk shows on ABC, CBS, CNN, Fox and NBC – and on business and policy programs – in December and January.

The ad campaign’s three spots – “America’s Hometown Bankers,” “First Home” and “Small Business Dreams” – tell your story. How banking is “more than a job.” How it’s “a people business.” How you want to help a customer “realize your dreams.”

You can watch the ads on aba.com.

The ads’ tagline is, “We’re America’s hometown bankers, and we’re here to help you realize your dreams.” It’s a message made more powerful because our bankers believe it when they say it. I’m sure you do as well. u Email Frank Keating at keating@aba.com.

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For Immediate Release 14 January 2015 The First Bank of Greenwich, Cos Cob, Connecticut, announces the promotion of Frank J. Gaudio to President & Chief Executive Officer, Mark L. McMillen to Chief Operating Officer, Evan R. Corsello to Chief Lending Officer and Beverly J. Tuma to Chief Financial Officer. Mr. Gaudio will continue to oversee Business Development, where his creative approach has put the bank on the map. Mr. McMillen will use his operations and compliance experience to assist in the Bank’s continued growth, while Mr. Corsello will take the helm over all aspects of lending. Joining his team will be, MaryAnn A. Scofield, Vice President & Senior Credit Officer and Kate Williams, Loan Administrator. Merrill “Jay” Forgotson, former CEO of BNC Financial Group and Cornerstone Bank, joins as special advisor to the Board of Directors. Jay’s impressive career in banking, legal and benevolent work will greatly complement the vision of the bank.

Other notable promotions include: Andrew J. Packard, Assistant Vice President & Credit Officer, Kaitlyn N. Sobeski, Assistant Vice President, Loan Operations, Kevin S. O’Connell, Credit Officer, Gielyn A. Tuballa, Customer Service Representative and Anthony F. Cantavero, Teller Manager.

The First Bank of Greenwich, one of the true Community Banks in CT has built a solid foundation with a broad reach into the community. Expansion plans are in the works, so stay tuned. Their B2B Network continues to grow. If you were anywhere near the JHouse Hotel, September 18th you would have seen over 1,100 people walking, driving and shuttling in to this sold out, private invitation networking event encompassing the entire hotel, where 60 local businesses showcased their products and a marching band highlighted the halfway point. The First Bank believes in business professional and owners, therefore why they pursued their vision to create a community from which they could engage and grow strong. To JOIN: FirstBankB2B.com.

Big banks can’t do what they can do. For a Limited Time Only… Check out their VERY COMPETITIVE 2015 Commercial & Residential Loan Promotions offering VERY LOW rates.

For a personal consult, contact Frank J. Gaudio, President & CEO at 203-302-4375.

444 East Putnam Avenue • Cos Cob, CT 06807 203 629 8400 • GreenwichFirst.com

Connecticut Banking Magazine • First Quarter 2015

HITS ALL THE

RIGHT NOTES

Held for the first time this year at Mohegan Sun, the annual tradeshow for all things banking in Connecticut was again a rousing success. Presented by the Connecticut Bankers Association and The Warren Group, in partnership with the Center for Financial Training, BankWorld offered something for everyone. Many of the 15 concurrent educational sessions were standing-room-only, and the tradeshow floor, featuring nearly 70 vendor booths, once again proved popular.

14

The night before the show, hundreds gathered to honor the New Leaders in Banking. This year’s 14 recipients were feted with a celebratory reception and dinner. The stories of these inspiring individuals can be found on page 16.

For more photos from BankWorld, the New Leaders dinner, podcasts and videos from the tradeshow floor, please visit www.thewarrengroupevents.com/bankworld/media. u

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MEET THE FUTURE OF CONNECTICUT BANKING

PLATINUM SPONSOR

In conjunction with BankWorld, the largest banking conference and expo in the Northeast, held in January, the Connecticut Bankers Association and The Warren Group honored the following 14 up-and-coming bankers in Connecticut. Nominated by their peers and chosen by an independent review committee, these are the state’s best and brightest. Here are their stories.

16

GOLD SPONSOR

How did you come to community banking, and why do you stay?

Before being employed by my community bank, I worked in retail for 10 years. Inside the store that I worked for was the in-store branch for Savings Institute. Since I had experience in counting money, I decided to take the chance in working in the banking field. I have been working for the bank since 2008. I stay because working in a community bank not only gives you a career opportunity, but it is also a place of learning.

What do you consider your biggest success?

My biggest success has been being able to move up in the community bank fairly quickly, showing everyone the knowledge I have learned, and giving the best customer service that I can.

How do you see technology changing the banking industry over the next 10 years?

I have already seen paper reduction due to computers and online banking. Computers, phones and ATMs are streaming efficiency for customers. Transactions are more convenient for customers while transactions are easily conducted through technology upgrades.

If you weren’t a community banker, what would you be doing?

I would be looking for a job in the medical field.

I received my certificate in medical assisting back in 2007.

What’s your favorite vacation spot?

Walt Disney World with my children.

ANGELA HERNANDEZ Assistant Branch Manager Savings Institute Bank & Trust (Willimantic)

How did you come to community banking, and why do you stay?

I previously worked at home in project management for a computer software accounting company and then later was self-employed for several years. When I was ready to return to the work place, Ion Bank (then Naugatuck Savings Bank) provided me an opportunity to work in the accounting department. I’d always thought it would be interesting to work for a bank, and it has not let me down. There is always something new to work on and find the best way to serve the customer and be safe and sound in the process.

GINGER FENNELL VP, Risk & Investment Officer Ion Bank (Naugatuck)

How do you see technology changing the banking industry over the next 10 years?

With Apple Pay and Windows 10 coming out this year, I see more people using other devices than traditional computers to keep in contact and conduct business. I would hope to see the

How did you come to community banking, and why do you stay?

Ten years ago I was looking for a career change, and I was referred to a local bank president for an interview. I remain in community banking because Thomaston Savings Bank encourages its employees to be involved in the communities we serve, which has enabled me to be active in the community where I grew up.

What do you consider you biggest success?

My biggest success is not defined by a singular moment but rather the multitude of relationships I have built with my customers.

Assisting individuals and businesses achieve their goals is how I measure my success as a lender.

JOHN-DAVID SCARRITT Vice President - Commercial Loan Officer Thomaston Savings Bank (Thomaston)

17

banking industry embrace the technology. An example would be to use Skype to transact business with customers that do not or cannot make it into a branch.

If you weren’t a community banker, what would you be doing?

I would be helping people. It gives me great pleasure to connect people to what they need to be successful or happy.

What’s your favorite vacation spot?

My favorite vacation spot is Disney World in Florida. My parents took me to Disney World several times as a child and my husband and I have continued the tradition with our family.

How do you see technology changing the banking industry over the next 10 years?

Technology in banking will be driven by advancements in security and fraud detection, payment processing and connecting people.

Innovations in software, hardware and identification will continue to be the focus of financial institutions. However, demand for quicker and safer payment options will lead to new forms of transaction processing and ultimately the consolidation of payment processing methods for a more streamlined marketplace.

If you weren’t a community banker, what would you be doing?

I would probably be a chef or brewer. Both cooking and brewing are passions and hobbies of mine. I considered secondary education in both fields at one point in my life.

continued from page 17 How did you come to community banking, and why do you stay?

I grew up around community banks. My father worked in the industry for over 40 years, and I have always believed strongly that a robust community bank system is essential for the success of local neighborhoods. Working to improve and serve our community is what keeps me going.

JOSHUA I. BRIER Senior Vice President, Retail Banking, Sales and Marketing Dime Bank (Norwich)

How do you see technology changing the banking industry over the next 10 years?

With customers rapidly choosing to do their basic banking online or via a smart device, we’ll need to figure out how to keep that advantage while also keeping up with customer preferences and trends.

If you weren’t a community banker, what would you be doing?

Running a local brewery or bicycle shop. It would still allow me to serve and interact with the community in areas that I am very fond of.

What do you consider your biggest success?

Personally, it is my family: my wife of seven years, Amanda, and our two daughters, Abigail and Elinor. Professionally, it is the opportunity to work at an organization that has for generations What’s your favorite vacation spot?

Coastal Maine. I can’t think of a better place to made Southeastern Connecticut a better place. spend time over the summer than on the beach with my Kindle.

How did you come to community banking, and why do you stay?

I grew up in Mystic and went to college in a small town in Massachusetts. After graduating from college in 2004, I moved back to the Mystic area and worked at the Mystic Aquarium. That was a great opportunity, but I really wanted a job that I could use my math degree. A family friend worked as the executive vice president of lending at Chelsea at the time that I was searching for a career path. I met with him and submitted an application. I have now been with the bank for 10 years. I truly enjoy what I do and the people I work with.

How do you see technology changing the banking industry over the next 10 years?

I believe technology will continue to improve and grow beyond what we think is possible today.

There will be a point in time that all our banking needs will be accessible at our fingertips. I look forward to being a part of all that is to come.

If you weren’t a community banker, what would you be doing?

I have always thought someday I would work for the FBI. What’s your favorite vacation spot?

Anywhere on the golf course, except for the sand trap.

KATHRYN ALVES AVP, Credit Department Manager Chelsea Groton Bank (Groton)

Congratulations Ryan

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Berkshire Bank is excited to congratulate Ryan Shorette for his professional excellence and commitment to the community.

Ryan Shorette Vice President Eastern Regional Manager

Great job Ryan!

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18

berkshirebank.com Member FDIC.

How did you come to community banking, and why do you stay?

How do you see technology changing the banking industry over the next 10 years?

What do you consider your biggest success?

If you weren’t a community banker, what would you be doing?

I came to community banking through my desire to work for an organization that is deeply rooted in the areas it serves and has a strong commitment to helping people. Webster is a role model for this as it constantly encourages its bankers to meet the needs of others.

KIM SYROP Senior Vice President, Director of Fraud and Loss Management Webster Bank (Waterbury)

LISA O’NEILL Vice President, Sr. Human Resources Officer Connecticut Mutual Holding Company (Winsted)

My success has always come from putting together a dedicated, hard working team that consistently performs above and beyond their assigned roles. Last year, I was honored to accept the Investigator of the Year award from the Connecticut Chapter of the International Association of Financial Crime Investigators.

However, I credit my valuable team for making that possible.

Technology is constantly changing, enabling customers to bank when, where and how they want. However, nothing will replace face-to-face contact and personalized attention. Physical space for banking centers will be reduced, but the brick and mortar will still be there.

I have done a lot of work with nonprofits such as the United Way, including being the vice chair of our employee campaign, so that kind of fulfilling work is appealing.

How did you come to community banking, and why do you stay?

I began working for the bank when I was in college, and it quickly became home. I was fortunate to be given opportunities that turned a job into a career. In addition to the significant impact community banks make on our communities, we have a strong commitment to the advancement of our employees.

How do you see technology changing the banking industry over the next 10 years?

Bank technologies will continue to advance to keep pace with the needs of the technologically sophisticated customer as well as to provide workflow efficiencies. As this occurs, we must ensure that we continue to provide personalized service to our customers. Exceptional customer service is what distinguishes a community bank.

What do you consider your biggest success?

Of greatest importance to me personally are the loving relationships I share with my husband and family. Professionally, I feel most successful when assisting others with such things as mentoring, career development or providing support and encouragement.

If you weren’t a community banker, what would you be doing?

Working for the Make-a-Wish Foundation and bringing joy into the lives of seriously ill children would be profoundly rewarding.

What’s your favorite vacation spot?

My favorite spot is a private beach at Cape Cod, relaxing in the solitude with my husband and dog.

Congratulations on being named a

New Leader in Banking

Ginger Fennell

Paige Bennett

VP, Risk Management & Investments

VP, Operations

ionbank.com 203.729.4442 | 877.729.4442 Member FDIC 19

continued from page 19

How did you come to community banking, and why do you stay?

I started my banking career at a community bank in a management training program, where it not only gave me a broad exposure to most areas of a bank, but also gave me the opportunity to participate and volunteer in the community. I remain in community banking for many of the same reasons. At the bank level, I am part of the process, and feel my contributions make a difference. I am also able to participate in local community activities and work with many community organizations.

What do you consider your biggest success?

MARTIN G. MORGADO Executive Vice President Savings Bank of Danbury (Danbury)

PAIGE H. BENNETT Vice President, Operations Ion Bank (Naugatuck)

How do you see technology changing the banking industry over the next 10 years?

Technology will have a major impact on the banking industry. We have seen tremendous changes in the last few years. The younger generations demand an increased use of technology to the banking industry.

We need to meet that demand. Technology will continue to improve efficiencies in the existing process, provide a consumer with an increased access to information without having to come into the bank and provide a customer with a better banking experience.

If you weren’t a community banker,

Growing our mortgage banking area to become one of what would you be doing? the top residential mortgage lenders in the state.

Something in the financial field.

What’s your favorite vacation spot?

Aruba and Cape Cod. How did you come to community banking, and why do you stay?

I was fortunate enough to begin my career as a teller at Naugatuck Savings Bank in 1987 and find a second “family.” Ion Bank, as we are now known, has provided me with so many opportunities throughout my career allowing me to grow up with the organization.

If you weren’t a community banker, what would you be doing?

What do you consider your biggest success?

What’s your favorite vacation spot?

Maintaining my sanity as a wife, mother and banking professional. Everyone talks about balance … finding that has been my biggest challenge. I don’t want to miss a trick! My husband Tom and daughter Haley are thoughtful and considerate in helping to keep the gears well-greased at home and everyone at Ion Bank truly works like a World Series team (Red Sox, of course).

A school teacher. My experience in mentoring high school students, teaching Junior Achievement, participating in career days and helping out Haley’s coaches have all been very rewarding. I am fascinated by the intellectual and physical capabilities of kids.

Without a doubt, Disney World. I know it isn’t relaxing but it truly is about the experience for me. I especially enjoy seeing how each visit has had a different effect on my daughter. Every age has provided a new experience for her! That’s really what it is all about for me!!

SHE BOLDLY LEADS US THROUGH CYBERSPACE. And we’re proud to follow. Liberty Bank recognizes Wendy Annino’s groundbreaking contributions to deliver the latest in safe, convenient banking technology.

We’re 100 percent behind her!

Make a Statement.

SM

MEMBER FDIC

LIBERTY-BANK.COM

20

EQUAL HOUSING LENDER

How did you come to community banking, and why do you stay?

PAT KELLEY First Vice President, Senior Commercial Lender/Team Leader Naugatuck Valley Savings & Loan(Naugatuck)

I had actually been speaking with the chairman of my first bank regarding career advice coming out of college and he offered me a position. I started a month out of college in a commercial lending trainee program. I stayed in the industry If you weren’t a community banker, what would you be doing? because we can see the impact of what we’re I had a dual major of finance and Spanish in doing in the community every day. college and at one point contemplated being a What do you consider your biggest success?

Spanish teacher and high school football coach.

The relationships I’ve formed. Life is all about At this point, my Spanish is pretty rusty, so I’m relationships – whether it’s family, friends or glad banking has worked out! business. You can’t be successful without forming What’s your favorite vacation spot? strong relationships.

Zihuatanejo, Mexico is a really beautiful and a How do you see technology changing the banking great low-key spot to unwind.

industry over the next 10 years?

The payment process is obviously at a major How did you come to community banking, and why do you stay?

I began my career in community banking as a part-time teller while attending college. The community banking mission to help people achieve their financial goals and fulfill their dreams was inspiring to me in my early college years and continues to inspire me today.

Whether I am assisting a customer in the bank or volunteering at a community event, I know that I am an integral part of a great group of individuals working toward a common goal of making our local communities a better place to live and work.

REBEKAH L. STOKES AVP / Financial Analyst Thomaston Savings Bank (Thomaston)

tipping point with the implementation of Apple Pay and similar systems. I see nonbank lenders, with their lack of regulation (and costs associated with regulation), as a much bigger threat to our industry than changes in technology.

What do you consider your biggest success?

This fall I completed my final classes to obtain my MBA in finance. Working full time, raising a family and pursuing my MBA part time has

certainly been challenging, but that is also what has made completing my degree so rewarding for me.

How do you see technology changing the banking industry over the next 10 years?

I believe technology will continue to make banking easier, faster and more convenient for customers and will enable banks to better serve the needs of their customers through multiple channels.

If you weren’t a community banker, what would you be doing?

If I wasn’t a community banker, I would probably be a high school math teacher.

What’s your favorite vacation spot?

Cruising the Caribbean.

Congratulations, Kim Syrop.

Since WebSter WaS founded in 1935, our people have been the engine behind our success.

Uncompromising in the pursuit of better service, they understand what matters most to our customers and live up to it each and every day.

That’s why we are pleased to congratulate our own Kim Syrop, Senior Vice President, Director of Fraud and Loss Management on being named one of Connecticut’s New Leaders in Banking at BankWorld 2015.

Kim and her fellow award recipients exemplify the height of banking excellence and leadership in Connecticut. We look forward to their future accomplishments.

The Webster Symbol is registered in the U.S. Patent and Trademark Office.

21

continued from page 21

How did you come to community banking, and why do you stay?

I was looking for a career change from retail management, but still wanted to work in the customer-service field. There are really two reasons why I stay. Windsor Federal Savings is an institution with strong values that truly cares about its customers, community and employees.

With a community bank, you really get to know your customers, and I really enjoy working with them and seeing many of them on a weekly basis.

What do you consider your biggest success?

How do you see technology changing the banking industry over the next 10 years?

Barriers between banks, investment firms and retail consumerism will subside to allow customers more universal flexibility and integration toward a personal financial dashboard.

If you weren’t a community banker, what would you be doing?

Customer service in the insurance field with a company like Travelers or The Hartford.

Graduating from the Connecticut School of Finance and Management.

What’s your favorite vacation spot?

How did you come to community banking, and why do you stay?

I graduated from college with a degree in finance, and I was offered a supervisor position at the bank where I was working as a teller. Along with the promotion, I was offered to pilot a new investment banker program which allowed me to do investments and be a leader supervising at the same time. I was able to gain experience in multitasking and doing two things I had passion for: leading a team and helping people to achieve their financial goals on a higher level.

How do you see technology changing the banking industry over the next 10 years?

What do you consider your biggest success?

Lake George. My family and I have gone on multiple trips and our children always have a great time.

Chicago.

ROBIN MYERS Branch Officer Windsor Federal Savings (East Windsor)

RYAN SHORETTE Vice President, Regional Manager Berkshire Bank (Hartford County)

Surrounding myself with great leaders and mentors that have pushed me to be selfmotivated and analyzing how I can develop a better plan.

How did you come to community banking, and why do you stay?

At 22, I was a single mom with a 2-year-old son. I wanted to work for a company that would offer me the opportunity to learn and grow as an employee and a young adult. My sister was working for Liberty Bank and suggested that I apply for a part-time teller position that was available. I did and it was the best decision I could have made. I stay with Liberty Bank because Liberty is a company that cares about its employees, customers and the communities we serve. I take pride in answering the question “Where do you work”?

What do you consider your biggest success?

WENDY ANNINO Vice President, Electronic Banking Manager Liberty Bank (Middletown)

This is not “my” biggest success per se but more of a team success. I have led teams that have transitioned Liberty Bank into the electronic

22

The days of having an actual card to swipe will be gone as the smartphone becomes smarter.

If you weren’t a community banker, what would you be doing?

Working in schools and coaching youth to be successful. The one thing that I have developed a new passion for is helping youth in the community by coaching different levels of sports.

What’s your favorite vacation spot?

world by implementing online banking and bill pay, online account opening, bank-to-bank transfers, mobile banking and mobile remote deposit capture. I appreciate the knowledge, thoughtfulness and incredible stamina of the dozens of coworkers on these teams that helped lead to the bank’s and our collective success.

If you weren’t a community banker, what would you be doing?

I would have to say an occupational therapist, specifically working with kids.

What’s your favorite vacation spot?

Aruba.

Congratulations!

New Leaders in Banking Thomaston Savings Bank proudly congratulates John-David Scarritt, VP/Commercial Loan Officer and Rebekah Stokes, AVP/Financial Analyst on being named by the Connecticut Bankers Association and Connecticut Banking magazine as one of the “New Leaders in Banking� for 2015.

Both John and Rebekah have made a significant contribution to Thomaston Savings Bank and the communities the Bank serves.

Congratulations to John and Rebekah, and all the New Leaders in Banking for 2015, on this significant honor.

Bethlehem Bristol Harwinton Middlebury Terryville Thomaston Torrington (ATM only) Waterbury Watertown

203 Main Street Thomaston, CT 06787 local tel toll- free

860.283.1874 855.344.1874

thomastonsavingsbank.com

Member FDIC

Connecticut Banking Magazine • First Quarter 2015

Raymond Palumbo

Shelly Hirn

Michele Johnson

Bob Fradette

Alex Masse

Andrew Harvey

Shalin Peck

Erica Gee

Christopher Gauthier

Amber Martin

Meggan Lynch

Ornet Hines

John Belanger

Gregory R. Shook

Michael Stacey

Michael Moriarty

Joseph Kulig

Joseph Young

Candace Pereira

Catherine Turowsky

Steven Hoffman

Deb Burgess

Lyle Fulton

Connor Dolan

Mark Jenusaitis

Michael Paz

Jennifer Pensa

Annette Strumolo

Steven Supernaugh

Christine Beirne

Maria Cusano

Richard Davis

Lisa LeMonte

Bryan Mierzejewski

Raymond W. Palumbo was appointed to the boards of directors at Bankwell Bank and its holding company, Bankwell Financial Group; and Shelly Hirn was promoted to senior vice president and director of retail banking and commercial services.

Michele Johnson, chief risk officer at Bankwell, received the Sacred Heart University College Alumni Leadership Award. Michele was incorrectly identified as Michelle Solo in the previous issue of Connecticut Banking.

Bob Fradette, financial advisor with Chelsea Groton Financial Services, was named a 2014 Five Star Wealth Manager for overall client satisfaction. Alex Masse of Chelsea Groton Bank was selected as one of the Southeastern Connecticut 40 under Forty Award honorees and was a graduate of the Connecticut School of Finance and Management.

Andrew Harvey was promoted to vice president/information security officer at Dime Bank; Shalin Peck was promoted to vice president/deposit operations/eBanking manager; Erica Gee was promoted to corporate officer/training officer in the human resources and training department; and Christopher Gauthier was promoted to vice president/commercial lender. Amber Martin joined Dime Bank as vice president, director of marketing; Meggan Lynch joined Dime

Bank as vice president, business development manager; Ornet Hines joined Dime Bank as branch manager, corporate officer; John Belanger joined Dime Bank as assistant vice president, technology manager.

Gregory R. Shook, president and chief executive officer of Essex Savings Bank was elected to the board of directors of the Federal Home Loan Bank of Boston.

Michael Stacey was appointed to associate vice president, assistant branch manager at Fairfield County Bank in Ridgefield.

Michael Moriarty, senior vice president, commercial team leader and regional executive; Joseph Kulig, vice president, commercial lender; Joseph Young, vice president, commercial lender; and Candace Pereira, assistant vice president, commercial portfolio loan officer, were appointed by Farmington Bank to lead its commercial lending in western Massachusetts. Catherine Turowsky was appointed vice president, cash management sales and services representative at Farmington Bank’s western Massachusetts commercial services office.

Steven Hoffman was appointed first vice president and business banking team leader at First Niagara. Deb Burgess, senior vice president and director of treasury 24

management, was named a 2014 Woman of the Year by the National Association of Professional Women.

Guilford Savings Bank announced the following promotions: Lyle Fulton, senior vice president, commercial loan origination manager; Connor Dolan, vice president, financial advisor; Mark Jenusaitis, vice president, commercial loan officer; Michael Paz, vice president, commercial loan officer; Jennifer Pensa, vice president, senior operations officer; Annette Strumolo, vice president, retail lending manager; Steven Supernaugh, vice president, finance manager; Christine Beirne, assistant vice president, human resources manager; Maria Cusano, assistant vice president, compliance officer; Richard Davis, assistant vice president, branch administration officer; Lisa LeMonte, assistant vice president, community development officer; Bryan Mierzejewski, assistant vice president, network manager; Abigail Patrizio, assistant vice president, dayto-day bsa officer; Chip Poehnert, assistant vice president, residential sales manager; Heidi Samuelson, assistant vice president, main office branch manager; and Elizabeth Vincenzi, assistant vice president, secondary market underwriter. Michael DeBlieux joined the bank as assistant vice president, secondary market and loan servicing manager.

First Quarter 2015 • Connecticut Banking Magazine

Abigail Patrizio

Chip Poehnert

Heidi Samuelson

Elizabeth Vincenzi

Michael DeBlieux

Kevin Goyen

Chandler Howard

Troy Bree

Eileen Engel

Stacie Dills

Troy Damboise

Brian Hedge

Lisa McNulty

Lisa Partrick

Stephen Yonych Jr.

Victor A. Falco III

David T. Vega

Emily Miller

Lori Riiska

Jessica White

Dan Stanyon

Diane Baron

Eileen A. Chernasky

Ava M. Colonna

Joan Beresford

David Donofrio

Cindy Ramkissoon

Christopher L. Rallo

Christopher E. Wilk

W. Bret Boland

Nancy O’Donnell

Susan D. Sadecki

William L. Dunbar Jr.

Mark DiVenere

Paul R. Jessel

Judith LaBella

Carlos Valenzuela

Kevin Goyen, Jewett City Savings Bank’s information security officer, earned the designation of certified information security manager.

Chandler Howard, president & CEO of Liberty Bank, was named top leader by the Hartford Courant and Fox 61 at their annual Top Workplaces Awards event.

Troy Bree was appointed assistant vice president, Eileen Engel was appointed vice president, responsible for managing residential mortgage production; Stacie Dills was appointed assistant vice president; Troy Damboise was appointed senior vice president, general auditor; Brian Hedge was appointed vice president, responsible for residential loan closings; and Lisa McNulty was appointed assistant vice president.

Lisa Partrick was promoted to vice president of Litchfield Bancorp. Partrick is a graduate of the Connecticut School of Finance and Management program. Stephen Yonych Jr. was appointed assistant vice president and branch manager.

Victor A. Falco III joined Newtown Savings Bank as a mortgage loan officer; David T. Vega joined as assistant vice president and branch manager. Emily Miller was promoted to assistant treasurer and branch manager.

Christine Bascetta, John Janco, Eric Erdtmann

Lori Riiska, Certified Public Accountant, was elected to serve on the board of directors of Northwest Community Bank.

Jessica White and Dan Stanyon joined Salisbury Trust Wealth Advisory Services.

Diane Baron joined the Savings Bank of Danbury as branch sales associate.

Eileen A. Chernasky and Ava M. Colonna joined Savings Bank Institute and Trust as mortgage consultants.

Joan Beresford was promoted to senior vice president at Simsbury Bank; David Donofrio was promoted to senior vice president of loan operations; and Cindy Ramkissoon was promoted to assistant vice president and branch manager.

Christopher L. Rallo was promoted to senior relationship manager in commercial banking at TD Bank; Christopher E. Wilk was promoted to assistant vice president, store manager; and W. Bret Boland was promoted to vice president in asset based lending.

Ashleigh Cocuzzi, branch manager of Thomaston Savings Bank was promoted to assistant secretary; Claire Brickett, loan servicing manager, was promoted to assistant secretary; Gary Matthews, 25

facilities supervisor, was promoted to facilities management officer/A.S.; Marilyn Perzan, branch manager, was promoted to assistant secretary; and Shannon Coughlan, contact center manager, was promoted to assistant secretary. Coughlan is a graduate of the Connecticut School of Finance and Management. Nancy O’Donnell was promoted to vice president, senior compliance/risk/BSA officer at the bank and was presented with the Humanitarian Award at the Bristol Boys and Girls Club Family Center’s 30th Annual Humanitarian Dinner.

Susan D. Sadecki was elected to serve on the bank’s board of directors. William L. Dunbar Jr. , Mark DiVenere and Attorney Paul R. Jessell, were welcomed as corporators of Thomaston Savings Bank at its annual meeting.

Christine Bascetta, assistant vice president, commercial lending, and Eric Erdtmann, senior vice president, commercial lending, joined Torrington Savings Bank in its new commercial lending department.

Judith LaBella, vice president of Union Savings Bank, was recognized as the sole recipient of the JA Volunteer Award presented by the Junior Achievement of Western Connecticut for her volunteer work with local youth. Carlos Valenzuela was welcomed back as a mortgage originator, residential lending. u

Connecticut Banking Magazine • First Quarter 2015

Chelsea Groton Bank was recognized as one of the Top 200 Healthiest Banks in America by depositaccounts.com.

Essex Savings Bank received marketing awards at the second annual New England Financial Marketing Awards Gala.

Fairfield County Bank sponsored a seminar on providing care for seniors.

Bankwell Financial Group Inc., parent company of Bankwell Bank, has completed the merger of Quinnipiac Bank & Trust Company with and into Bankwell. Following the merger, Bankwell staff, directors and members of the local community were joined by Hamden Mayor Scott Jackson for an official ribbon cutting at the Hamden branch.

Bankwell/Hamden, formerly the Quinnipiac Bank & Trust Company, donated generously to the Hamden’s Children’s Museum and Creative Arts Center.

Bank of America volunteers in Hartford helped to collect 1,384 turkeys and $26,323 in donations for Foodshare for Turkey Tuesday.

Bank of America employees across the Hartford area made over 500 holiday cards that were delivered to the CT Children's Hospital in Hartford and to the Veterans' Hospital in Rocky Hill for the Hearts for the Holidays campaign.

Fairfield County Bank collected toys for the child and family guidance center.

Bank of America volunteers turned out to help the CT Food Bank’s mobile food pantry. The group helped over 150 families in the Bridgeport area access the adequate nutrition they need.

Bank of America presented “Make a Difference: Fighting Hunger Locally and Globally”, a thought leadership forum and panel discussion about the global demand for natural resources and the resulting challenges around food scarcity and insecurity.

Chelsea Groton donated over $32,000 through its Kind Acts Program. In celebration of the bank’s 160th anniversary, Chelsea Groton employees completed kind acts by directing a $160 donation from the bank to over 200 charitable causes or nonprofit organizations of their choosing. One branch chose the Groton Animal Foundation in honor of Gizmo, one of five dogs seized by the town of Groton Animal Control in a 2011 cruelty case.

26

Farmington Bank supported a Thanksgiving Food Drive and Special Holiday Gift Drive for Military troops. Farmington Bank employees and customers presented 590 pounds of food and $500 in cash to Foodshare. The Farmington Bank Community Foundation donated $1,000 to Foodshare, and Farmington Bank employees donated 250 DVDs that were delivered to U.S. troops overseas in time for the holidays.

Farmington Bank celebrated the opening of its first commercial services office in West Springfield, Mass.

First Quarter 2015 • Connecticut Banking Magazine

Farmington Bank employees served as Junior Achievement teachers for the fifth consecutive year.

The students expressed their gratitude to their guest instructors with a special cake.

First County Bank Foundation celebrated its partnership with over 135 nonprofit organizations.

Farmington Bank hosted WTIC-Salvation Army’s 25th Annual Holiday Store.

First County Bank employees volunteered at the 27th annual Adopt-A-Dog “Puttin’ on the Dog” festival at Roger Sherman Baldwin Park in Greenwich.

Farmington Bank employees came together to donate household items for a man moving into his own apartment after six years of being homeless. Coordinated through Mercy Housing, the Farmington Bank donations were delivered in time for Christmas.

First County Bank in partnership with Palmer’s Market, donated 80 turkeys totaling 1,125lbs to the Food Bank for the Holidays.

First County Bank employees demonstrated their generosity during last year’s holiday party as over 25 boxes of items, such as toiletries, baby clothes, diapers, towels and pillows were donated to Liberation Programs in Norwalk.

First County Bank hosted an open house at its New Canaan branch for residents to meet community bankers.

First County Bank is part of a founding team to create Stamford 2030 District, a unique private/public partnership of property owners and community stakeholders working together to provide a business model for urban sustainability.

First County Bank and Lapine Endowment for Families in Business hosted “An Evening with Joe Connolly.”

First County Bank participated in the Hispanic Health Fair.

First County Bank and Bob the Builder Fly in the Stamford Balloon Parade Spectacular.

27

First Niagara received a 2014 Business Leadership Award from the Greater New Haven Chamber of Commerce for its $500,000 grant to help Gateway Community College build its new downtown New Haven campus. First Niagara was also recognized for its role as sponsor of the college’s annual Hall of Fame Dinner and Scholarship Luncheon, and for providing ten $500 scholarships to incoming and current students.

The First National Bank of Suffield began broadcasting Suffield Chamber of Commerce’s iSuffield program, a digital feed of community news and local advertising.

continued on next page

Connecticut Banking Magazine • First Quarter 2015

Guilford Savings Bank was presented with a 2014 Home Builder Industry Award for the Best End Loan Package for a Community, as voted on by the Home Builders & Remodelers Association of Connecticut.

Liberty Bank and local Rotary Clubs raised a record $209,489 to help fill Thanksgiving food baskets during its 2014 Thanksgiving Dinner Drive

People’s United Bank’s Greenwich branches and the Hannah Storm Foundation joined forces during their “Brighten up a Child’s Life” fundraising campaign, during the holidays.

Ion Bank was listed among the top 10 workplaces in southwest Connecticut.

Liberty Bank presented the proceeds of $36,000 from the fifth annual Tee Party customer golf outing, to Ron Krom of St. Vincent de Paul’s soup kitchen.

Ion Bank presented a Saving with Mandy and Randy program to students at an elementary school to teach them practical skills, habits, and values necessary to save and handle money responsibly.

Newtown Savings Bank awarded 16 community organizations with foundation grants, including the Spooner House of Shelton who provides food, shelter and support services to people in need.

The People’s United Community Foundation, the philanthropic arm of People’s United Bank, awarded $100,000 to DonorsChoose.org for a “Uniting Cash for Classrooms” campaign, to help teachers obtain the supplies they need.

The People’s United Community Foundation awarded $222,500 during its third grant cycle of 2014 to nonprofit organizations throughout Fairfield County.

The People’s United Community Foundation awarded $741,000 during its third grant cycle of 2014 to nonprofit organizations throughout the communities it serves in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.

Liberty Bank was honored by the Hartford Courant and Fox 61 as a Top Workplace.

The Rockville Bank Foundation donated $1,000 to Amy’s Angels in support of its1st Annual Gala.

Newtown Savings Bank held its 4th Annual Toys for Tots drive, collecting over 150 toys to give to local children in need.

Rockville Bank Foundation awarded the Wilson-Gray YMCA Youth and Family Center a $2,500 grant in support of the YMCA Let's Dance program.

Liberty Bank branch manager presents a portion of the more than $49,000 raised to Marlborough Food Bank.

Newtown Savings Bank celebrated Teller Appreciation Week. Each day that week, tellers were surprised with gifts and surprise visits thanking them for everything they do. Customers of the bank were also encouraged to share their gratitude on the teller appreciation boards located in all of the branches.

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Rockville Bank Foundation awarded the Farmington Valley YMCA a $2,500 grant in support of From the Ground UP project.

First Quarter 2015 • Connecticut Banking Magazine

Savings Bank of Danbury employees coordinated and delivered 53 Thanksgiving fruit baskets to the Salvation Army.

The Rockville Bank Foundation at United Bank, awarded the Connecticut National Guard Foundation and the Connecticut Children’s Medical Center Foundation with $5,000 each for their respective holiday gift giving and toy programs.

Savings Bank of Danbury announced the winners of their social-media based "Share the SBD Spirit of Giving" contest. On Dec. 31, Handy Dandy Handyman, House of Grace Ministries and Wells Valley Cat Sanctuary were named as the nonprofit agencies receiving the most Facebook votes. Each agency was awarded a $1,000 donation.

Salisbury Bank held its sixth successful Community Shred Day. In total, 4,000 lbs. of paper were shredded and recycled.

Salisbury Bank kicked off its seventh annual fill-the-basket campaign, collecting food and donations for local food pantries.

Salisbury Bank partnered with the Dutchess County Chapter of SCORE to offer a free seminar to discuss simple steps for growing your business.

Savings Bank of Danbury raffled off a gift certificate during the Greater Danbury Chamber’s Business to Business Showcase.

Simsbury Bank sponsored the Jewish Federation of Greater Hartford's Celebration of the New Year.

continued on next page

Salisbury Bank hosted free informational seminars about Health Savings Accounts and internet security.

Salisbury Bancorp, Inc., the bank holding company of Salisbury Bank and Trust Company announced that it has successfully completed the merger of Riverside Bank of Poughkeepsie, N.Y.

Bankers Search LLC “Now offering nationwide job placement.”

Salisbury Trust Wealth Advisory Services announced its 2014 Sportsmanship Award winner, Sadie Pettyjohn, and her horse, Guinness.

For over 40 years, we have been providing superior executive recruiting services throughout New England. Bankers Search caters to all disiplines of banking, focusing on the middle and senior management. All inquiries held in the strictest confidence.

Timothy M Loughlin President Member Conn. Bankers Assn.

National Banking Network Member CCBA

Savings Bank of Danbury participated in the Junior Achievement Bowl-A-Thon raising $7,467.

P.O. Box 854 Madison, CT 06443 Tel: 203-245-0694 Fax: 203-245-9567 Web: bankerssearch.com E-mail: tloughlin@bankerssearch.com 29

Connecticut Banking Magazine • First Quarter 2015

Simsbury Bank received the Emerging Lender award at the Connecticut Small Business Administration Annual Lenders and Partners Meeting.

Simsbury Bank donated 15,000 flyers to promote the “Neighbors Helping Neighbors” turkey drive in the Farmington Valley.

Simsbury Bank completed its second Employee Healthy Steps Challenge to promote health and well-being.

Simsbury Bank hosted a flu shot clinic with the Farmington Valley Visiting Nurse Association.

Simsbury Bank sponsored the first Ladies Tertulia in November. A Tertulia is a social gathering to talk about current affairs.

Simsbury Bank held its annual holiday party and continued the bank's tradition of employees donating toys to support the Salvation Army's Holiday Store.

Start Bank was one of only 69 FDIC-insured financial institutions in the country—and the only bank in New England—to earn a Bank Enterprise Award from the Community Development Financial Institutions Fund. The bank received an award of $355,000.

Simsbury Bank held a free “Go Paperless” Shred Day event at its Simsbury branch.

Union Savings Bank partnered with the Connecticut Junior Republic for the Cars for Kids Automobile Show.

Union Savings Bank Foundation distributed over $180,000 to local nonprofit organizations.

Union Savings Bank was honored to participate in the Arc of Favarh’s fall fundraiser, Extravaganza.

All proceeds from the show supported children and adults with intellectual and developmental disabilities.

Union Savings Bank was recognized by Elan Financial Services for “best in class performance” with its credit card portfolio.

Simsbury Bank hosted two local students from The Master’s School, Andrew Garcia and Conner Lisle, as part of the school’s Job Shadow Day.

Simsbury Bank’s Granby branch joined forces to secure food and fund donations for the Waste Not Want Not Community Kitchen.

Thomaston Savings Bank supported the Bristol Adult Education Diploma and Certificate program with a donation.

Thomaston Savings Bank was honored with a Beautification Award for its Waterbury, Watertown Avenue branch, and Waterbury, Highland Avenue branch, by the Waterbury Litter Control and Beautification commission. The Watertown branch was also recognized with a Beautification Award by the town of Watertown Human, Social and Leisure Services Department and the Watertown Parks and Recreation Commission.

Thomaston Savings Bank Foundation, Inc. announced total grant distributions exceeded $550,000 for the year 2014. Grants in excess of $3.8 million have been awarded since the foundation's inception in 1997.

Thomaston Savings Bank Foundation, Inc. donated a total of $20,000 to area fuel banks.

30

Union Savings Bank partnered with the Regional YMCA of Western Connecticut ESCAPE to the Arts Program. The sponsorship will help ESCAPE continue to provide a variety of cultural and educational activities and support numerous art events that are open to the general public.

Windsor Federal Savings awarded a $1,500 grant to Ascend Mentoring a Windsor-based youth and family services program to support and grow their organization’s involvement with at-risk youth in the area. u

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Better security is the result of experience not always new technology. Call 1-866-433-4474 or email talk@isgsecurity.com or visit www.isgsecurity.com/contact to begin a conversation on how we may help you improve your existing security, camera/ video, monitoring, access control & fire alarm systems, lower costs, and experience service as it should be.

Integrated Security Group (ISG) has been providing alarm services for nearly thirty years beginning as a consulting agency and now one of the largest service & installation providers in the northeast to financial institutions and high-risk retail corporations.

As one of the only Underwriters Laboratory (UL) Listed installers of Bank, Safe & Vault electronic security in the entire region, we guarantee your systems will perform better, cost less and give you the peace-of-mind that only a partner at your side can.

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SECURITY I FIRE I VIDEO I ACCESS CONTROL I KNOW HOW TO BE SECURESM Integrated Security Group tel 866.433.4474 I isgsecurity.com

Information Security The loss or compromise of sensitive data can have a devastating effect on your institution’s operation and reputation. Our Information Security Practice was built to help you identify and mitigate risks to your company’s data and infrastructure.

Services Risk Management & Compliance Risk Assessment Digital Forensics & Incident Response Disaster Recovery

IT Assurance

Penetration Testing Vulnerability Assessment Social Engineering

IT Audit

Compliance Gap Analysis IT General Controls

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Information Technology

(978)-538-9055 | 81 Main Street | Peabody, MA | gravoc.com

Information Security

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