Get the latest information about Savings Institute Bank & Trust and the work we're doing in the communities we're proud to serve.
March 2015: BAUER FINANCIAL, Inc., Coral Gables, FL is pleased to announce that Savings Institute Bank & Trust, Willimantic, Connecticut has earned its coveted 5-Star Superior rating. BauerFinancial, the nation’s premier bank rating firm, has been evaluating and rating banks since 1983. A 5-Star Superior rating indicates that Savings Institute Bank & Trust is one of the strongest banks in the nation, excelling in areas of capital, loan quality, profitability and more.
Savings Institute Bank & Trust has earned Bauer’s 5-Star Superior rating, an indication of strength and security, for the most recent 20 consecutive quarters.
Karen L. Dorway, president of BauerFinancial notes that, “for the first time, we see Big Banks acknowledging the value in relationship banking. That’s something community banks, like Savings Institute Bank & Trust, have always known. In fact, because of their inherent focus on relationships, community banks are uniquely positioned to serve their communities in a way no one else can. Those relationships pay off for both Savings Institute Bank & Trust and the customers it serves.”
Financial strength has been the priority for Savings Institute Bank & Trust since its inception in 1842. Now, with its acquisition of Newport Bancorp in Rhode Island in September 2013, it operates through its 26 conveniently located branch offices in Connecticut and Rhode Island. Savings Institute Bank & Trust (www.savingsinstitute.com) is a member of the FDIC and an Equal Housing Lender. Parent Company: SI Financial Group, Inc. (NASDAQ Global Market SIFI).
BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.