April 19, 2014 4:44 PM ET

Thrifts and Mortgage Finance

Company Overview of Savings Institute Bank and Trust Company

Company Overview

Savings Institute Bank and Trust Company provides financial services to individuals, businesses, and municipalities in Connecticut. It offers checking and deposit accounts, savings accounts, certificates of deposit, residential and commercial mortgage loans, commercial business loans, and consumer loans; wealth management services, including trust and estate management, financial planning, retirement planning, and life insurance services; and credit card processing services. The company, through its subsidiary, SI Financial Advisors, also provides investment advisory services. Savings Institute Bank and Trust Company was formerly known as Savings Institute and changed its name to Savings Ins...

803 Main Street

Willimantic, CT 06226

United States

Founded in 1842

Phone:

860-423-4581

Fax:

860-423-9001

Key Executives for Savings Institute Bank and Trust Company

Chief Executive Officer
Age: 59
Chief Operating Officer
Age: 53
Vice President and Corporate Secretary
Assistant Secretary and Mortgage Originator
Assistant Treasurer and Branch Manager of Stonington Office
Compensation as of Fiscal Year 2013.

Savings Institute Bank and Trust Company Key Developments

Savings Institute Bank and Trust Company Announces Retirement of Michael J. Moran as Senior Vice President and Senior Credit Officer

On January 6, 2014, Michael J. Moran retired as Senior Vice President and Senior Credit Officer of Savings Institute Bank and Trust Company, the wholly-owned subsidiary of SI Financial Group Inc. His retirement was effective immediately.

Savings Institute Bank and Trust Company Announces Resignation of David Weston as Senior Vice President and Senior Trust Officer

Savings Institute Bank and Trust Company announced that David Weston resigned as Senior Vice President and Senior Trust Officer of the company. His resignation was effective immediately.

Si Financial Group, Inc. and Savings Institute Bank and Trust Company Announce Board Appointments

SI Financial Group Inc., the holding company for Savings Institute Bank and Trust Company, announced the completion of its acquisition of Newport Bancorp Inc., the holding company for Newport Federal Savings Bank. As a result of the merger, Newport Bancorp was merged with and into SI Financial, with SI Financial as the surviving entity, and Newport Federal Savings Bank was merged with and into Savings Institute Bank and Trust Company, with Savings Institute Bank and Trust Company as the surviving entity. SI Financial Group Inc. announced that effective as of the completion of the acquisition, former Newport President and Chief Executive Officer Kevin M. McCarthy and former Newport Bancorp directors William R. Harvey and Kathleen A. Nealon were appointed to the Board of Directors of SI Financial and Savings Institute Bank and Trust Company.

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