HARTFORDBUSINESS.COM | APRIL 17, 2023 17
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
