Ion Seeks Survival Through Mutual Mergers
David Rotatori does not want to be Ion Bank’s last president and CEO. The Naugatuck-based bank made big moves this year that will help the $1.7 billion-asset institution commit long-term to mutuality.
New Mutual Hopes to Pave Way for More De Novos
The backers of a new mutual bank under organization in New Hampshire say their effort could provide a template for a wave of new, mission-driven lenders and give a boost to existing mutual banks.
Looking for Mutual Growth Opportunities
As president and CEO of Windsor Federal Savings Bank, George Hermann advocates for mutual banks. And as COVID-19 abates and stock banks like People’s United get larger through mergers and acquisitions, he sees plenty of openings for mutual banks to thrive.
Newtown Savings Bank’s Weinstein Elected AMB’s Vice Chair
Ken Weinstein, the president & CEO of Newtown Savings Bank, was elected vice chairman of America’s Mutual Banks, a national association of prominent mutual banks dedicated to the preservation and advancement of mutuality for depository institutions.
Hermann Named to OCC Advisory Committee
The leader of one of Connecticut’s federally chartered banks has been named to an advisory committee at the Office of the Comptroller of the Currency.
Hermann to Chair ABA Committee
George Hermann, president and CEO of Windsor Federal Savings, has been appointed as chairman of the American Bankers Association’s Mutual Institutions Council Administrative Committee for a one-year term.
