Union Savings Bank New Milford Ct
Union Savings Bank in New Milford, CT Will Close One Branch
Union Savings Bank in New Milford, Connecticut is a mutual bank with more than $2.3 billion in assets. The bank has two branches in the town and offers mortgages, personal banking products and investment services. This article will discuss its plans to close one of the locations in New Milford, 100 Park Lane Road.
Union Savings Bank is a $2.3 billion mutual bank
Union Savings Bank is a mutual bank based in Danbury, Connecticut. Founded in 1886, it offers a wide range of financial services to individuals, businesses, government entities and nonprofit organizations. In addition to retail banking, the bank also offers investment management, payments, and risk and compliance services. It also partners with FIS, a global provider of financial services technology.
Union Savings Bank is a $2.3-billion mutual bank with 26 branches in Connecticut. The bank’s commitment to the community and its customers is evident in its charitable giving programs, which have spanned more than 80,000 hours and $5 million to local no-profits.
It has two locations in New Milford
Union Savings Bank has two locations in New Millford, CT and five more within 10 miles. It also has an online presence, so it is easy to find the nearest branch. Find out more about each location on the map below. Below the map, you’ll also find the hours of operation and contact information for each branch.
New Milford is a town in Litchfield County in Western Connecticut. It is situated on the banks of the Housatonic River and is fourteen miles north of Danbury. It is one of the largest towns in Connecticut by land area.
It offers personal banking products, loans, mortgages, investment services
If you’re looking for a bank that offers both personal and business banking services, Union Savings Bank may be the perfect option for you. Their full-service banking products include loans, investment services, and mortgages. Plus, you can rest assured that their lending decisions are made locally.
It will close a branch at 100 Park Lane Road
After merging with First National Bank of Litchfield in 2010, Union Savings Bank has expanded its presence in the area. However, despite having several other branches throughout New Milford, the bank will close its Park Lane Road branch. In a letter sent to local customers, the bank stated that it is committed to its New Milford customers.
In a statement, the bank said the decision was based on lower demand for teller services and an increased emphasis on online banking. The bank owns the red-brick building at 100 Park Lane Road and renovated it in 2011. The bank is not planning to close any other branches.
It will merge with First National Bank of Litchfield
The Union Savings Bank of New Milford, Connecticut, has announced plans to merge with The First National Bank of Litchfield. The merger, which is valued at $35 million, will create a larger bank with 28 branches in western Connecticut. In addition to the merger, Union Savings Bank has announced plans to open a branch in Botsford in the spring of 2010.
The transaction is subject to regulatory approvals and shareholder approval. Among those approvals required are from the Federal Deposit Insurance Corporation, State of Connecticut Department of Banking, and Office of Comptroller of the Currency. The deal is expected to close by the first quarter of 2010. The new bank will also open a branch in Newtown, Connecticut, at the Plaza South shopping center, south of Sand Hill Plaza.