Casey Cahill

Thomaston Savings Bank recently announced the promotions of several of its employees.

Rebekah Acosta has been promoted to branch manager of the bank’s Harwinton office. Acosta began her banking career at Thomaston Savings in 2001. Her education includes a Bachelor of Science degree in business management from Post University. Acosta is a member of the Northwest Connecticut Chamber of Commerce.

Casey Cahill has been promoted to branch manager of the Bethlehem office. Cahill began her banking career at Thomaston Savings in 2000. She is a graduate of Litchfield High School and is currently attending the Northwest Region of Center for Financial Training.

SueAnn Genovese has been promoted to branch manager of the South Main Street office in Thomaston. Genovese began her banking career 19 years ago at Thomaston Savings. She is a graduate of Terryville High School and the Connecticut School of Finance and Management. Genovese is a member of New Beginnings and Partners in Education. She also volunteers at both the Terryville Fair and Thomaston Volunteer Fireman’s Carnival.

CBT Joins Bankers’ Bank

Hartford-based Connecticut Bank & Trust Co. has joined Bankers’ Bank Northeast as a new shareholder. CBT opened in March 2004 and turned to Bankers’ Bank for products and services.

“They did a great job for us in helping us launch our bank as a service-oriented financial institution,” said CBT president and Chief Executive Officer David A. Lentini. “They helped us hit the ground running.”

Glastonbury-based Bankers’ Bank Northeast is the only exclusively wholesale bank serving community banks in New England. A year later, CBT has become a shareholder.

“We’ve experienced firsthand the value of Bankers’ Bank Northeast to a community bank and we are pleased to become a shareholder,” Lentini said.

Peter J. Sposito, president and chief executive officer of Bankers’ Bank Northeast, expressed appreciation to Lentini.

“Having CBT as the first new shareholder since our bank was founded in 1998 is a tribute to the growth and success of both of our institutions, and their action will serve to jump-start our capital solicitation planned for later this year,” Sposito said.

The Bankers’ Bank Northeast serves more than 150 community banks throughout New England and New York. It is a state-chartered institution that is insured by the Federal Deposit Insurance Corp. and a member of the Federal Reserve System and the Federal Home Loan Bank of Boston. Nationally, there are 20 Bankers’ Banks that work with more than 6,000 community banks in 50 states.

NewMil Tapped for Index

New Milford-based NewMil Bancorp has been selected to join the new Russell Microcap Index.

The newly launched Russell Microcap Index, which debuted on July 1, is comprised of the smallest 1,000 securities in the small-cap Russell 2000 Index along with the next-smallest 1,000 companies, based on a ranking of all U.S. equities by market capitalization.

The index offers portfolio managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks.

“We are pleased to be included in this new index,” said Francis J. Wiatr, NewMil’s chairman, president and chief executive officer. “Our inclusion will help generate greater interest in our stock at the institutional level, as well as among high-net-worth and private equity investors.”

Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.