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HARTFORDBUSINESS.COM | APRIL 17, 2023 25 With the recent volatility and concern in the financial markets, it's understandable that people worry about the security of their bank deposits. As GSB is a trusted financial partner to so many across the state of Connecticut, I wanted to take just a moment to convey some of the many reasons why GSB remains the right choice to protect and build your financial future. 1. GSB offers the highest level of FDIC insurance – Equal to any of the largest banks here in the United States: up to $250,000 for each account owner category. 2. Disciplined Growth – We hold ourselves to the highest principles when it comes to protecting your financial wellbeing. GSB has grown stable deposits at an average annual rate 9% over the last 5 years. 3. Mutuality – As a mutual savings bank, we do not have outside shareholders and are therefore not under pressure to increase our risk, unlike larger publicly held institutions that may tolerate more risk to meet shareholder demands for higher returns. No, we're not a "too-big-to-fail" bank; we're your trusted financial partner of nearly 150 years. At GSB, we're simply too dedicated to your financial future to ever let you down. 4. Local Deposits, Local Loans – We don't look for deposits from risky start-up markets, and we don't make riskier loans to inflate our growth. We earn our deposits from our neighbors across Connecticut, and provide loans that families and local businesses use to thrive. 5. Safe and Sound – Our balance sheet is stronger than most, with access to ample funding to support current and projected liquidity needs. In short, we're not going anywhere. I understand that the dramatic headlines may cause you concern. I also believe it's important that you have a banking partner who keeps the lines of communication open – especially in times like these. As always, our team is happy to meet with any client or community member to discuss this topic or address any other questions you may have. I encourage you to scan the QR code below to access our 2022 Annual Report, and learn more about how at GSB, you are always our first priority. Timothy P. Geelan President & CEO