2024Impact Report
2024
Message from the CEO
Welcome to our Impact Report! We are excited to highlight the ongoing positive impact that Thomaston Savings Bank, our Foundation, and our employees have championed throughout 2024.
Each year, we continue to dedicate ourselves to enhancing our communities through volunteer efforts, financial wellness initiatives, and community projects.
We are delighted to celebrate numerous employee achievements and recognize our Can Do Crew’s hard work in making our community a better place to work and live. Through its annual grant cycle and additional giving opportunities, our Foundation remains an instrumental part of driving positive change throughout our footprint.
Sincerely,
Stephen L. Lewis
President & CEO, Thomaston Savings Bank
More Than Bankers
Our employees are at the forefront of our impact. They regularly step up to answer unmet needs throughout the community and work alongside other community leaders. We are thrilled to recognize their impact and achievements.
Can Do Crew
The Thomaston Savings Bank Can Do Crew is made up of employee volunteers who donate their time inside and outside office hours to give back to the community. Employees participated in an outstanding 46 projects over the course of the year.
Total Employee Volunteer Hours:
Denim Days
The Bank's Denim Days initiative allows employees to wear jeans on Fridays for a small donation to preselected local non-profits in our community. While employees raised $15,375, the Bank contributed an additional $12,000 to broaden the reach throughout our footprint.
Total Donations:
United Way
Thomaston Savings Bank is proud to support local United Way organizations in their efforts to provide basic needs, education, and financial stability to every person in the community.
Annual Workplace Campaign
Bank employees donated more than $55,000 to the United Way’s Annual Workplace Campaign. Eighteen departments and branches had 100% participation, showing their commitment to the United Way’s pledge and supporting their mission.
Tuition Reimbursement Program
Sharon Caggiano
Vice President, Employee Experience Officer
Master of Science degree in Human Resource Management
Erica Lenti
Legal Process & Research Coordinator
Associate of Science degree with a Concentration in Legal Studies
Connecticut School of Finance & Management Graduates
Sydney Butwill, Officer, Branch Manager
Anila Raidhi, Officer, Branch Manager
Darlene Lewicki, Mortgage Underwriter
Aimee Browning, Risk Specialist
Professional Development & Leadership Programs
ABA Stonier Graduate School of Banking Graduate
John Scarrit
SVP, Chief Credit Officer
ASPIRE Leadership Academy
Nicole Osnato
Consumer Loan Specialist
Leadership Greater Waterbury Program
Katherine Lynn
Marketing Manager
New Leader in Banking
Patryk Krakowski
VP, Regional Manager
150th Community Giving
Click and Drag!
1874 vs. 2024As we look back on the last 150 years with gratitude and pride, we reminisce on initiatives that brought us closer to our community. These opportunities allowed our employees to come together and reaffirm our dedication to serving our neighbors.
The Great Give
Thomaston Fireworks
Breakfast on Us
The Great Give
Thomaston Savings Bank hosted The Great Give 150 initiative to commemorate the Bank’s 150th anniversary and offer employees a voice in giving back to the community. The Thomaston Savings Bank Foundation allocated $150 to each employee to donate to a charity of their choice within the Bank’s footprint. Through this initiative, the Foundation donated over $33,000 to 109 organizations.
Our Foundation
The Thomaston Savings Bank Foundation is a 501(c)3 nonprofit corporation founded in 1997. It is exclusively funded from contributions made by the Bank, currently holding over $9 million in assets. We invite you to explore more about our Foundation's initiatives and giving below.
Annual Stats
Total Foundation Assets
2024 Foundation Giving
Foundation Giving Since Inception
Total Organizations Impacted
2024 Grant Cycle
To best serve the community the Thomaston Savings Bank Foundation hosts its grant cycle in three phases, considering applications from local nonprofit and government agencies in support of the following focus areas: arts & culture, community development, education and youth services, health and human services, and public safety.
Grants in Phase I Hartford County:
Grants in Phase II Litchfield County:
Grants in Phase III New Haven County:
Fuel Assistance
Last year, the Thomaston Savings Bank Foundation awarded $33,000 in fuel assistance grants to 11 organizations throughout the community. These grants provide financial support to those unable to afford essential utilities throughout the year, especially in the winter months.
Accessibility
Thomaston Savings Bank is dedicated to providing our clients with the products and services they need to achieve their financial goals. We regularly assess our product offerings to ensure we broaden our reach across our community.
Uncommon Account
Thomaston Savings Bank launched the Uncommon Account in 2021, the first Bank On certified product offered by a Connecticut mutual community bank. This unique account requires $10 to open, has no minimum balance requirement, no minimum balance or monthly maintenance fee, and most noteworthy, overdraft or non-sufficient fund fees will never be assessed. The Bank opened 440 Uncommon Accounts in 2024.
First-Time Homebuyer Program
The First-Time Homebuyer and First-Time Homebuyer Plus programs assist those who are buying homes in low- and moderate- income census tracts, or low- and moderate-income individuals purchasing homes in any of the Bank's communities. Program highlights include a 3% minimum down payment, no P.M.I (Private Mortgage Insurance), non-traditional or limited credit history and more. In 2024, 81 new homebuyers took advantage of these great programs.
Financial Wellness & Education
iFi University
Thomaston Savings Bank's iFi University is a free online tool that offers financial resources including articles, courses, infographics, and more. This platform encourages users to better their financial wellness through a library of different informative topics. In addition to utilizing iFiU for educational outreach programs, the Bank has teamed up with local agency partners to help those who are struggling with their financial wellness.
Credit Sense
With Credit Sense, our free credit monitoring tool, clients get access to the following through Online and Mobile Banking.
- View your credit score & credit report with no impact on your existing score
- Monitor key changes to your credit file with alerts
- Receive an ongoing analysis of the factors impacting your credit score and resources to help you improve
- Take a free financial checkup that provides a personalized financial recap here
Financial Literacy Workshops
Thomaston Savings Bank employees have hosted a total of 27 financial literacy workshops throughout the community, reaching 871 individuals. These workshops include various topics including fraud prevention, senior wellness, basic financial literacy and more. Employees are eager to get involved and educate the community in hopes that our clients will feel capable of achieving their financial goals and dreams.
Community Giving
Routing #: 211174259
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