Newtown Savings Bank old building

History

Over 165 Years of Service.

Our Mission

Our mission is to remain an independent community bank providing quality financial products and service that benefit the people and businesses of the communities we serve.

We aim to fully live up to our mission every day. We remain steadfast in our commitment to serve you and our communities as we have since 1855.

Accomplishments through the years...

    • Founded in 1855 for the purpose of providing banking services to local citizens

    • The 23rd savings institution formed in the state of Connecticut

    • At the Bank’s outset, a single depositor was limited to a maximum amount of $400

    • In its first annual report in 1856, the Bank had $7,104 in real estate loans and $17,201 in deposits

    • Reached its first million dollars in assets in 1908

    • Prior to opening its first building in 1910 at the current main office location in Newtown, the Bank conducted business from various living rooms in houses and an office building along Main Street

    • Between 1930 and 1933 – as 5,504 U.S. banks succumbed to the Great Depression – Newtown Savings Bank assets increased each year

    • 1966: The Bank becomes computerized

    • 1987: ATMs and 24-hour banking services are introduced

    • 1995: Newtown Investment Services Inc., a wholly-owned subsidiary of Newtown Savings Bank, is introduced

    • 1998: The Foundation is formed for the purpose of making donations to various not for profit organizations

    • 2008: Rolls out remote deposit with scanners at 68 business locations by year end

    • 2009: In very difficult lending times, Bank has record year originating mortgages

    • 2010: Opened the Bank’s second Monroe location at Clock Tower Plaza

    • 2014: Newtown Savings Bank Credit Cards were introduced to consumers and businesses

    • 2015: Celebrated 160 years of serving the people and businesses in our communities

    • 2016: The Bank opened the New Haven Regional Lending Center in Hamden, CT

    • 2016: The Bank opened a branch in Oxford

    • 2017: The Bank moved its Newtown branch on 39 Main Street to a new office on 32 Church Hill Road

    • 2020: The Bank moved its Brookfield branch on Federal Road to 14 Candlewood Lake Road and also moved its Sand Hill branch in Newtown down the road to 274 South Main Street

    • 2020: Named Best Small Bank in CT by Newsweek for 2021

    • 2021: The Bank opened a branch in Bridgeport on Boston Ave.

  • 2022: Named Best Small Bank in CT by Newsweek for 2023

  • 2023: Named as a Top Regional Bank by Newsweek for 2024