Savings Institute Bank & Trust and CB Leasing, Inc. Provides $1.5 Million in Municipal Lease Financing to the Town of South Windsor, CT

Sep 18, 2015

Willimantic, CT (September 2015)— Savings Institute Bank & Trust announced today that the bank, in partnership with CB Leasing, Inc., has provided $1.5 million in municipal lease financing to the Town of South Windsor, CT for new synthetic turf fields at the South Windsor High School stadium. South Windsor is a town with an excellent S&P credit rating of AA.  Incorporated in 1845, South Windsor is located in Hartford County, CT. In keeping with the town motto “One Town, One Future” the new turf fields show the town’s commitment to innovations that will help strengthen the community by providing the high school team’s with an excellent playing field.

"Savings Institute Bank & Trust is proud to be able to help our local communities by funding enhancements such as the turf field for the high school. Our partnership with CB Leasing, Inc. has helped us to facilitate this need for the Town of South Windsor, CT,” said Rheo Brouillard, President and CEO of the Savings Institute Bank & Trust.

The turf field is scheduled to be completed sometime in September.

Savings Institute Bank & Trust Company which is headquartered in Willimantic, Connecticut offers twenty-six branches throughout southern Rhode Island and eastern Connecticut. At $1.4 Billion, 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.

CB Leasing, Inc. is located at 1 Financial Plaza in Springfield MA and is being led by two experienced leasing experts and one banking advisor. The principals of CB Leasing, Inc. and Spafford Leasing Associates, Inc. have over 35 years of experience in the equipment leasing business.