Get the latest information about Savings Institute Bank & Trust and the work we're doing in the communities we're proud to serve.
June 2014: BAUER FINANCIAL, INC., Coral Gables, Florida, the nation’s bank rating firm, commends Savings Institute Bank & Trust, Willimantic, Connecticut for proving once again that it is a steadfast and invaluable partner to the communities it serves.
The FDIC touts the benefits of community banks, saying they are “important providers of credit to small businesses and serve hundreds of counties and thousands of communities that are overlooked by larger non-community institutions.” (FDIC Quarterly 2014, Volume 8, No. 2.) Karen L. Dorway, president of Bauer Financial, added, “Community banks, like Savings Institute Bank & Trust, that have been able to earn and maintain Bauer’s top rating for strength and security reflect that deep-rooted sense of loyalty to the local community.”
Savings Institute Bank & Trust’s latest 5-Star rating is based on March 31, 2014 financial data and signifies that it is one of the strongest banks in the nation. Savings Institute Bank & Trust has earned and maintained this top 5-Star rating for the past 17 consecutive quarters.