Guilford Savings Bank Rebrands as ‘Ascend Bank’ After 150 Years
The move comes as GSB seeks approval for a merger, with an eye towards ultimately becoming a statewide bank.
Guilford Savings and Eastern Connecticut Savings Announce Merger
The merger was approved unanimously by both boards and will create a bank with $1.4 billion in combined assets and 25,000 clients.
CT Bank Executives Gear Up for 2024
Deposits are stabilizing and interest rate cuts are in the offing. That could spell opportunity, local bankers say.
Guilford Savings Bank CEO to Retire
Timothy Geelan, the president and CEO of Guilford Savings Bank, is stepping down after 10 years on the job and a year of chairing the Connecticut Bankers Association.
GSB’s Geelan Named CT Bankers Association Chair
The Connecticut Bankers Association has named Guilford Savings Bank’s President and CEO Timothy P. Geelan as its new board chairman.
Guilford Savings Bank’s Wealth Management Division Rebrands
GSB Wealth Management, the wealth management subsidiary of Guilford Savings Bank, has rebranded as Grey Ledge Advisors.
GSB’s Northford Branch to Open in October
Guilford Savings Bank, also known as GSB, will open a new branch in Northford in mid-October, the bank’s second new branch this year.
Lenders See Opportunities for Branch Expansion
From bank mergers and technology to the pandemic and changing consumer behaviors, multiple forces continue to alter the role of traditional brick-and-mortar branches in banking.
Chase Buys Madison Branch Building
JPMorgan Chase has bought a Madison property once occupied by a Guilford Savings Bank branch.
Guilford Savings Bank Enters North Haven Market
Guilford Savings Bank is about to expand into a new market with the opening of its North Haven branch expected on March 1.
GSB Wealth Management Acquires East Haven Firm
Guilford Savings Bank’s wealth management subsidiary has acquired the assets of CTMA Wealth Management, an East Haven-based registered investment adviser with $198 million of assets under management.
Guilford Savings Bank Promotes Finnerty, Ford
Guilford Savings Bank recently promoted David Finnerty and Shalonta Ford to new roles at the bank.
Guilford Savings Bank Launches Jack Henry Lending Platform
Guilford Savings Bank recently launched a new commercial lending platform after converting last year to Jack Henry as its core technology and digital banking provider.
GSB Breaks Ground on New Branch
Guilford Savings Bank officially broke ground this week on its latest branch office at the intersection of Washington and Blakeslee avenues in North Haven.
From Facilities Manager to PPP Leader
As facilities and vendor manager for Guilford Savings Bank, Victoria Magin would typically spend her time paying bills, working on budgets and taking care of the bank’s buildings, not managing the flow of Paycheck Protection Program loans.
New Tech Partnerships Mark PPP Rollout in CT
With only one week from the creation of a $349 billion small business loan program to its roll out, banks reported working late nights and weekends to prepare for and begin processing loans meant to help small businesses experiencing financial difficulties due to the coronavirus pandemic.
Guilford Savings Bank Receives OK to Reorganize as Stock Bank
Though it does not intend to issue common stock, Guilford Savings Bank plans to reorganize as a stock bank and has received approval from Connecticut’s banking commissioner to move forward.
Affordable Housing Projects Land $5.9M in Financing
Seven projects in Connecticut have received nearly $5.9 million in financing from the Federal Home Loan Bank of Boston, which will fund the creation or preservation of 147 affordable housing units.
Guilford Savings Bank Completes $10.8M In Financing For Flanders Plaza
Guilford Savings Bank recently completed financing for the 60,000-square-foot Flanders Plaza Shopping Center in East Lyme. The plaza holds CVS, IGA Tri-Town Foods and other retailers and offices. Manhattan-based Developers Consolidated Realty LLC acquired the site....
GSB Arranges $3.5M In Financing For 4-Building Portfolio
Guilford Savings Bank (GSB) recently arranged $3.5 million in commercial financing for a property in Windsor Locks.
