Among those attending the ribbon-cutting ceremony for Savings Bank of Danbury’s newest branch in Danbury are: (from left) Donna Ramey, executive vice president; John Hoffer, chairman of the bank’s board of directors; Hal Wibling, president and chief executive officer; Danbury Mayor Mark Boughton; and Donna Williams, assistant vice president and branch manager.
Savings Bank of Danbury recently opened a new branch office at Plumtrees Plaza, which is located at 59 Newtown Road in Danbury. The bank marked the occasion with a ribbon-cutting ceremony on Nov. 18.
On hand for the cutting of the ribbon were Donna Ramey, the bank’s executive vice president; John Hoffer, chairman of Savings Bank of Danbury’s board of directors; Hal Wibling, president and chief executive officer; Danbury Mayor Mark Boughton; and Donna Williams, assistant vice president and branch manager.
The Plumtrees Plaza branch is the bank’s 11th in the Greater Danbury and Waterbury communities.
Officials noted that Savings Bank of Danbury values its role as a leader in the community, and through the efforts of the Savings Bank of Danbury Foundation, has provided grants to organizations that are vital to the well-being, growth and prosperity of the communities in which the bank operates.
They added that Savings Bank of Danbury is proud that organizations and members of the local community such as The United Way, Catholic Family Services, Ability Beyond Disability, The Palace Theater, The Women’s Center of Greater Danbury and Main Street Waterbury have benefited as a result of contributions made by the bank.
Established in 1849, Savings Bank of Danbury maintains its headquarters at 220 Main St. in Danbury. The bank has branch offices in Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown and Waterbury.
CATIC Hires McNamara
Keith D. McNamara was recently named as director of industry relations for CATIC, New England’s largest domestic title insurance underwriter.
In his new role, McNamara will provide leadership and direction for CATIC’s Industry Relations, Mortgage Release Tracking and Lender Relations departments. His responsibilities include developing new programs, products and services for mortgage lenders, Realtors and builders in a way that maximizes the role of attorneys.
Prior to joining CATIC, McNamara was vice president of retail sales for McCue Mortgage Co. in New Britain. He also served for three years on the board of directors for the Connecticut Housing Finance Authority and as a member of its Loan Committee. He is a past treasurer of the Connecticut Bankers Association.
McNamara is a graduate of the New England School of Banking at Williams College and the National Commercial Lending School at the University of Oklahoma. He has completed and instructed numerous American Institute of Banking courses. McNamara lives in South Glastonbury.
Group OKs Stock Deal
The board of directors of Willimantic-based SI Financial Group has approved the repurchase of up to 5 percent of the company’s outstanding common stock, or approximately 628,000 shares.
Repurchases, which will be conducted through open-market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors. Repurchased shares will be held in treasury.
SI Financial Group is the parent company of Savings Institute Bank & Trust Co., which is based in Willimantic and operates 14 other branches in eastern Connecticut. 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.
