November 26, 2014 5:07 AM 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: 60
Chief Operating Officer
Age: 54
Vice President and Corporate Secretary
Assistant Secretary and Mortgage Originator
Assistant Treasurer and Branch Manager of Stonington Office
Compensation as of Fiscal Year 2014.

Savings Institute Bank and Trust Company Key Developments

Savings Institute Bank and Trust Company Files a Notice of Intent to Convert from a Federally-Chartered Savings Bank to a Connecticut-Chartered Savings Bank

SI Financial Group Inc. announced that Savings Institute Bank and Trust Company (the Bank) filed a notice of intent to convert from a federally-chartered savings bank to a Connecticut-chartered savings bank with the Connecticut Department of Banking on August 26, 2014. It also has filed or is in the process of filing complimentary applications and notices with the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and Federal Reserve Bank of Boston. Assuming approvals from the required agencies, the company will remain a savings and loan holding company regulated by the Federal Reserve, and the Bank will be a Connecticut savings bank, FDIC insured, and a member bank of the Federal Reserve.

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.

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