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Ion Bank News

Web Site: http://www.ionbank.com
- East Side 1336 East Main St., Meriden, CT 06450
Tel: (203) 639-8866 Fax: (203) 317-3859

Ion Bank is an independent community-based bank committed to providing a full line of consumer and business products and services.

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Naugatuck Savings Bank Family Grows

August 5, 2009

Castle Bank and Trust Company will become Naugatuck Savings Bank on August 10, 2009. In the spring of 2006 Castle Bank and Trust Company joined together with Naugatuck Savings Bank as its sister company under Nutmeg Financial, MHC. The Board of Trustees at Nutmeg Financial, MHC decided that to properly serve the community and our customer base, a formal merger of Castle Bank and Trust Company into Naugatuck Savings Bank needed to take place.

There are two Castle Bank and Trust Company offices located at 1295 East Main Street and 100 Hanover Street in Meriden, CT that will open as Naugatuck Savings Bank branch offices on Monday, August 10. The branch locations, hours of operation and the friendly, helpful staff members will remain the same. With Naugatuck Savings Bank branch offices in Meriden, the service offerings to the Meriden community will be enhanced with a wide variety of residential mortgage products such as residential construction, bridge loan financing and first time homebuyer mortgage programs as well as Bank-by-Phone.

"For the community, we intend to continue in the tradition of Castle Bank and Trust Company as a community leader in the sense of volunteerism and charitable giving" said Mark C. Yanarella, President and CEO. "The Naugatuck Savings Bank Foundation believes it is our responsibility as a corporate citizen to do all we can to strengthen the communities in which we operate". Since 1999, the Naugatuck Savings Bank Foundation has awarded more than $2.8 million in grants to area nonprofit agencies to support a broad range of programs and services which contribute to the betterment of our communities.

People have counted on Naugatuck Savings Bank since 1870 and have helped us to be one of the most financially sound banks in Connecticut. As an $890 million bank, we are confident this union provides strong financial stability, sound lending practices and superior customer service that our customers expect and deserve.

Naugatuck Savings Bank, a wholly owned subsidiary of Nutmeg Financial, MHC, has been serving customers throughout Connecticut's Greater Naugatuck Valley since 1870. The Bank is committed to helping individual customers as well as the community at large. Naugatuck Savings Bank offers personal banking, business banking and financial services at its 14 branch locations.

 
 

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