Issue link: https://nebusinessmedia.uberflip.com/i/1496993
HARTFORDBUSINESS.COM | APRIL 17, 2023 33 Y our neighbors and local businesses have relied on Thomaston Savings Bank since 1874. Through eras of tumultuous bank mergers, conversions and takeovers happening all around us, Thomaston Savings Bank has remained, and thrived as, an independent mutual savings bank by being financially responsible and steadfast in our commitment to help this area grow. As we hear about the upset in the banking industry with recent bank failures and continued chatter of other banks failing, I want to assure you that Thomaston Savings Bank is very-well capitalized, all deposits held here are safe, and we continue to operate without interruption. Thomaston Savings Bank's financial strength and stability means you can have confidence in our resilience to adverse market events. In fact, our risk management and leadership teams take great pride in ensuring we operate as an upstanding corporate citizen. No risky business practices. No straying from core beliefs. No chasing the newest things to serve a nameless quota. We operate in a manner and make decisions that will positively impact our owners – our customers. In addition to our long-standing tradition of serving individual members of our local communities, we serve business customers across a variety of diverse industries and business models. Our history of prudent lending and safe-and-sound risk management have served our community very well over the past 149 years. Our strong capital position, diverse deposit base, ample liquidity, and experienced local leadership team enable us to withstand economic and market volatility, ensuring that Thomaston Savings Bank remains here for you. If you have any questions, please do not hesitate to visit your local branch, or call us at 855.344.1874. We look forward to serving our community for many, many years to come. Sincerely, Stephen L. Lewis