HARTFORDBUSINESS.COM | APRIL 17, 2023 35
In 2022, we saw inflation at 40-year highs, rapidly rising interest rates and talk of a potential
recession looming in the news daily. We are still waiting to see if we land hard into that
recession, or if the Federal Reserve's intervention and promises of a softer landing ring
true.
With this as a backdrop, our team of bankers work continuously to deliver what customers
need, when they need it. I am proud of their unwavering commitment to be a trusted
financial partner and it is part of our mission to help customers achieve their goals.
As a community bank, Torrington Saving Bank is committed to our customers and
neighbors first. Our institution is sound and customer funds are safe with us. TSB is
conservatively guided and supports an array of individuals and businesses in our
communities.
The banking industry, specifically the community banks in Connecticut, are well regulated,
and provisions are in place to protect our customers. We invest conservatively with a
diverse set of individuals, companies, and industries. Our responsible banking and risk
management processes, which focus on safety and soundness, reinforce our financial
institution's stability.
Amidst the uncertain economic landscape, we reaffirm our commitment to you – our
customer, our neighbor, and our community partner.
Lesa Vanotti
President & CEO
