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Amid recent financial industry news, we want to assure you that we are a well-capitalized mutual savings bank with its only priority to serve our customers.

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Home » CRA Policy

CRA Policy

Community Reinvestment Act Statement

Eastern Connecticut Savings Bank is a mutual savings bank headquartered in Norwich, Connecticut. Eastern was originally incorporated under the name of Norwich Building and Loan Association in 1915 serving the banking needs of eastern Connecticut.

Eastern provides deposit and loan products and services to consumers, business and non-profit organizations. These services are provided in accordance with uniform non-discriminatory credit standards and polices. As economic and market conditions change, these standards and policies may also change to meet the needs of the community.

Eastern is committed to ensuring that our policies and practices comply with the content and spirit of the Community Reinvestment Act (CRA) of 1977. A public copy of our CRA report may be viewed at our Main Office located at 257 Main Street, Norwich, Connecticut. This report summarizes our efforts to ascertain the banking needs of our communities and the products, programs and services that we have developed to meet those needs.

Contacting Eastern Connecticut Savings Bank

If you have any questions about our CRA policy, you may contact:

John F. Mancini
Executive Vice President
Chief Credit Officer
Eastern Connecticut Savings Bank
257 Main Street
P.O. Box 709
Norwich, CT 06360 – 0709
860.889.7381

 

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© 2023 Eastern Connecticut Savings Bank. All Rights Reserved.

Amid recent financial industry news, we want to assure you that we are a well-capitalized mutual savings bank with its only priority to serve our customers. Eastern Connecticut Savings Bank has been dedicated to serving the local community since 1915, and we continue to do so today.

At ECSB, our business model differs from those making headlines, as we do not specialize in services such as cryptocurrency or venture capital. We are not beholden to stock investors. We reinvest locally by providing a mortgage to your neighbor or a loan to the small business just around the corner.

We want to remind you during this time that we are FDIC insured and that no one has ever lost a dime of FDIC-insured deposits. We are here to support you and answer any questions you may have regarding FDIC coverage, and urge you to visit https://www.fdic.gov/ for more information. Thank you for choosing Eastern Connecticut Savings Bank.