Your Money Matters.
So Does Your Bank.
Mutual banks, like Thomaston Savings Bank, are owned by their depositors, which means decisions are made to benefit real people who live in your community, not to increase quarterly profits for outside shareholders. Earnings are reinvested to provide account holders with competitive rates, fewer fees, and more personal service, with a focus on long-term stability rather than short-term gains.
Why Mutuals Matter
When you bank with a mutual bank, your money stays local. You have all the same products and services you’re used to, but your deposits help fund small businesses, home loans, and community projects that strengthen the place you live.
With Thomaston Savings Bank, you get a bank that knows your name, supports your neighbors, and aligns your financial choices with values that go beyond the bottom line.
What Mutual Means for You
Together, we can be a part of something bigger. Something that’ll be around for a long time. Something we can all believe in. Because mutuals matter.
Competitive rates on accounts and loans
Local decision making
Programs that make mortgages more accessible
Stability and security
Client-first ownership structure
Strong community investment
A Catalyst for the Community
Thomaston Savings Bank, through its Foundation, is dedicated to annually distributing funds to local charitable organizations supporting religious, health, public safety, arts, and educational programs. As a deeply rooted Connecticut community bank with a 150-year legacy of service, Thomaston Savings Bank remains committed to giving back to the community it serves.
Each year, the Thomaston Savings Bank Foundation reaffirms its financial commitment to the community through its substantial $9.8 million charitable foundation. Since its inception, the Foundation has proudly awarded over $8.2 million in grant funding. These funds are specifically allocated to benefit the citizens within our assessment area. The Bank's establishment of this foundation ensures that local charitable needs will continue to be met well into the future.
Take the Next Step
Get in Touch
Questions about how to open a Thomaston Savings Bank account? Fill out the form below to connect with us.
