Savings Institute Earns 14th Consecutive Superior Rating

Sep 24, 2013

Willimantic, CT (September 25, 2013) –Savings Institute Bank & Trust Company has earned a 5-Star Superior rating from Bauer Financial for the 14th consecutive quarter. Bauer Financial, Inc. of Coral Gables, Florida, is a leading independent bank rating and research firm. The 5-Star rating is based on the overall financial picture of the bank and indicates that Savings Institute Bank & Trust, as of June 30, 2013, is among the strongest banks in the nation.

“Following on the heels of our successful merger with NewportFed, this recognition of our capital strength continues to bode well for our ability to serve our customers even more effectively, while competitively lending to businesses throughout Connecticut & Rhode Island,” explains Rheo Brouillard, Bank President and CEO.

Savings Institute Bank & Trust Company is headquartered in Willimantic, Connecticut with twenty-six branches in eastern Connecticut and southern Rhode Island. The Bank is a full service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area.