Members of Fairfield County Bank’s advisory board for Greater Danbury recently held their debut meeting.
Fairfield County Bank has received the necessary approvals to open two offices in Danbury.
The first office, which is scheduled to open in the next few weeks, will be located in the Atrium Building at 457 Main St. The second office will be a full-service branch at 114 Federal Road and is currently scheduled to open in the spring.
The bank also has formed an advisory board made up of area professionals to provide input. Members include: Robert Van Houten, certified public accountant at Fiorita, Kornhaas & Van Houten in Danbury; Terry Pellegrini, attorney at Moots, Pellegrini, Mannion, Martindale & Dratch in New Milford; Kevin Dumas, certified public accountant at Estate & Tax Management in New Milford; Greg Steiner, principal at Berkshire Corporate Park and Steiner Inc. in Bethel; Hal Kurfehs of Coldwell Banker Commercial in Bethel; Pat Cleary of Pre-Engineered Building Concepts in Brookfield; Dan DiBuono of Tower Realty Corp. in Brookfield; and Dan O’Grady, an attorney in Bethel.
“We’re very pleased to have such a distinctive and high-powered representation of business owners and leaders from the Greater Danbury market area on our advisory board,” said Bill Starbuck, who leads Fairfield County Bank’s commercial market initiatives for the Greater Danbury area. “We look forward to having these individuals assist the bank in developing our market share and in advising how we can improve the delivery of banking services to area businesses.”
The $1.4 billion community bank includes the Ridgefield Bank division and operates 17 offices throughout Fairfield County including Ridgefield, Georgetown, Wilton, Darien, Fairfield, Norwalk, Rowayton and Westport. Two other offices in Weston and Trumbull are scheduled to open later this year.
Perimeter, DCI Form Pact
Milford-based Perimeter, a data security service provider, has entered into an agreement with Data Center Inc. that will add Perimeter’s on-demand security services to DCI’s recommended solutions for banks. Hutchison, Kan.-based DCI provides bank technology and processing solutions to the financial industry.
“We are excited to formalize our agreement with DCI, as they are a leading provider of technology solutions to community banks,” said Brad Miller, chief executive officer of Perimeter Internetworking. “DCI is also a Perimeter client and we look forward to offering their client banks a full suite of affordable on-demand security solutions.”
Perimeter’s system offers more than 50 on-demand security technologies as a subscription service. The utility is designed to combat Internet threats and manage integrating multiple security technologies.
“The Perimeter agreement means that DCI can confidently add another layer of proven, comprehensive security and safety for our client banks and their customers,” said John Jones, DCI president and CEO.
PSB Reports Earnings
PSB Holdings Inc., holding company for Putnam Savings Bank, reported a 13.8 percent drop in net income for the quarter ending Dec. 31, 2006.
The bank finished the quarter with a net income of $468,000 versus $543,000 for the same quarter in 2005. Total assets at the quarter’s end were $479.5 million, up 19.3 percent from the prior year.
The growth in assets reflected an increase of 21.7 percent in total loans, to $219 million as of Dec. 31, 2006, and an increase of 19.3 percent in investment securities, to $228 million.
For the same period, total deposits increased by 5.8 percent to $296.4 million.
