“Whatever your next financial step may be, you can count on us to help find the way to get you there.”

CEO Message

As we enter 2025, I feel a sense of pride as I reflect on how Torrington Savings Bank has continued to grow and adapt in an evolving industry to better meet our customers’ expectations and needs over the past year. Despite economic challenges, I approach the year with a renewed sense of optimism. Being able to support the businesses and communities where I live and work is not only a responsibility but a privilege I take seriously.

Adapting is a common theme that we expect to continue in 2025 as inflation maintains a stronghold in our local markets, and as businesses battle increased costs of labor and materials. We value our customers and view them as partners; working together to provide financial solutions that will make their day-to-day finances and operations run smoothly and efficiently.

In 2024, we refreshed our business checking suite of products to help position the businesses in our communities for success. On the consumer front, we focused on enhancements that matter to our customers. We introduced Debit Card Round Up, a savings tool that helps you save for your future goals. When enrolled, your everyday debit card purchases will ‘round up’ to the nearest dollar and automatically deposit into your savings account. I encourage everyone to enroll and see how easy it can be to watch your savings grow.

We continually support our customers’ visions of home ownership and entrepreneurship. Our Residential Lending team provided mortgages to 121 individuals and families purchasing a home and helped another 252 access the value in their current home through home equity loan products. Our Commercial Lending team assisted over 40 businesses throughout the State with financing to boost economic growth and expansion in several industries ranking in the top 10 of CT Based Banks with the fasting growing portfolios in the Commercial & Industrial, Commercial Real Estate, and Multifamily Residential Real Estate categories*.

Looking ahead to 2025, we’re here to help you achieve your financial goals, so you don’t have to face them alone. Whatever your next financial step may be, you can count on us to help find the way to get you there. Whether it’s offering you the digital conveniences to make your banking easier, or when you need face to face guidance you deserve, you can count on the team at TSB to deliver.

Thank you for choosing TSB.