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July 29, 2015 8:49 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, President, Director, Chief Executive Officer of SI Financial Group Inc, President of SI Financial Group Inc and Director of SI Financial Group Inc
Age: 61
Chief Operating Officer, Chief Financial Officer, Executive Vice President, Treasurer Chief Operating Officer of SI Financial Group Inc, Chief Financial Officer of SI Financial Group Inc, Executive Vice President of SI Financial Group Inc and Treasurer of SI Financial Group Inc
Age: 55
Vice President and Corporate Secretary
Assistant Secretary and Mortgage Originator
Assistant Treasurer and Branch Manager of Stonington Office
Compensation as of Fiscal Year 2015.

Savings Institute Bank and Trust Company Key Developments

Savings Institute to Close the Branch at 305 Flanders Road, East Lyme CT

Savings Institute Bank & Trust announced to close the branch located at 305 Flanders Road, East Lyme, CT on November 13, 2015. The decision to close the office is based largely on the continuing migration of customers to more self-service options, including online banking, the Customer Service Call Center, deposit image ATMs, and the Bank's website and mobile applications to conduct banking transactions. The Bank will consolidate the operations of the East Lyme branch with the Bank's Groton branch located at 971 Poquonnock Road, Groton, CT. The Groton Branch offers the same in person service and financial advice as currently offered at the East Lyme location.

Savings Institute Bank & Trust Names Cheryl McGlynn as Vice President and Branch Manager in Brooklyn

Savings Institute Bank & Trust announced that the company has named Cheryl McGlynn as Vice President and Branch Manager of the Brooklyn, Connecticut office. Ms. McGlynn has been in the Moosup office since 2012 and has many years of experience in the financial services industry. She was a Banking Center Manager at Bank of America in Danielson and held similar management positions in the Waterford, Plainfield & Groton offices of Citizens Bank. In her new branch location in Brooklyn, Cheryl looks forward to her responsibilities which include delivering the high level of service, overseeing the day to day operations of the branch while establishing new deposit accounts, enhancing existing personal relationships and developing new business relationships. Additionally, she facilitates access to the business services available through the Bank's strategic partners, which include Paychex payroll processing, Capital Bankcard merchant services and Vantis Life Insurance.

SI Financial Group, Inc. and Savings Institute Bank and Trust Company Appoints Dennis Pollack as Director

SI Financial Group Inc., the holding company for Savings Institute Bank and Trust Company announced that it has entered into an agreement with Lawrence B. Seidman and certain other affiliates, pursuant to which the Company and the Bank expanded their Boards of Directors by one member and appointed Dennis Pollack as a director of both entities. Mr. Pollack was appointed to the class of directors whose term expires at the annual meeting of shareholders of the Company to be held in 2015, at which point he will stand for re-election by shareholders at the Company's 2015 annual meeting. The election of Mr. Pollack increases the membership of the Boards of Directors of both entities to eleven. Dennis Pollack has held numerous executive positions, including Divisional President at Sony Corporation of America, President and CEO of the Connecticut Bank of Commerce, President and CEO of The Savings Bank of Rockland County.

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