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Community Snapshots
Naugatuck Savings Bank announces new name
NAUGATUCK — For 143 years, the name Naugatuck Savings Bank has been a familiar one throughout the region. Later this year, the bank will go through a name makeover. The bank is changing its name to ion Bank. The name change is expected to take effect in the fourth quarter of 2013, said Charles... »
Expansion, benefits reduce earnings at Naugatuck bank
Naugatuck Savings Bank said its earnings in 2012 were lower than the previous year due to expenses associated with the opening of two new branches and the rising cost of providing medical and retirement benefits to its employees. Nutmeg Financial Mutual Holding Co., the parent of both the bank and John M. Sutherland Inc.,... »
CEO transition marks new era at Naugatuck Savings Bank
NAUGATUCK — Though he just took over the top job at Naugatuck Savings Bank on Jan. 1, there is one thing about Charles Boulier III that’s already apparent: He’s not afraid to accept a challenge. Boulier, 57, accepted the position as the bank’s president and chief executive officer knowing full well he has a... »
NSB Foundation holding community awards program
NAUGATUCK — The Naugatuck Savings Bank Foundation is conducting its 4th Annual Community Awards Program, which allows Naugatuck Savings Bank customers to decide how the foundation awards $50,000 in grant money to local nonprofit and charitable organizations. “As a leading corporate citizen, we believe we have a responsibility to help the communities we live... »
Naugatuck Savings Bank completes CEO transition
NAUGATUCK — After an 18 month-long transition, Charles Boulier, III has been named chief executive officer and president of Naugatuck Savings Bank Jan. 1. The transition saw former CEO Mark Yanarella retire from daily operations at Naugatuck Savings Bank and transfer leadership over to Boulier. Yanarella will continue to help guide the bank as... »
NSB introduces new teller technology
WALLINGFORD — Naugatuck Savings Bank has added a new electronic face to banking. The bank’s Wallingford branch, located at 665 North Colony Road, had two Personal Teller Machines installed inside the bank that went live when the bank opened in December. The new Wallingford branch, the bank’s 19th, is the fifth branch to open... »
Naugatuck Savings Bank opens Wallingford branch
NAUGATUCK — Naugatuck Savings Bank opened of its new Wallingford branch Monday. The branch, located at 665 North Colony Road or Route 5, is the bank’s 19th branch and the debut of a new open branch design concept featuring Personal Teller Machines (PTMs). “Our new Wallingford branch is an introduction to a new way... »
Naugatuck Savings to open Wallingford branch office
NAUGATUCK — Naugatuck Savings Bank is continuing to spread its wings. Naugatuck Savings Bank formally announced plans last week to open a branch office in Wallingford later this fall, the bank’s 19th banking center. The Wallingford branch will be located at 665 North Colony Road, at the end of a new shopping center currently... »
Bank gives money to nonprofits
NAUGATUCK — Customers of Naugatuck Savings Bank have voted and decided: The Middlebury Senior Center won the most money again this year from the Community Awards Program run by the bank’s charitable foundation. The bank’s president, Charles Boulier III, and other representatives last Wednesday awarded $53,500 to 35 nonprofit organizations from 11 towns that... »
Naugatuck Savings Bank opens new branch office
WATERBURY — Naugatuck Savings Bank celebrated the grand opening of its new branch office at 3670 East Main St., Waterbury, April 28. “We are very pleased to have two branches in Waterbury to better serve our customers,” Charles Boulier III, president of Naugatuck Savings Bank, said in a news release. “Our new office will... »