Established in 2001, Connecticut Mutual Holding Company (CMHC) serves as the registered bank holding company for its three wholly-owned bank subsidiaries: Litchfield Bancorp, Northwest Community Bank, and Collinsville Bank. CMHC operates as a mutual holding company, and its commitment to mutuality enables it to focus on providing long-term benefits to its employees and the customers and communities it serves.
As of January 2021, Northwest Community Bank, Litchfield Bancorp – A Division of Northwest Community Bank and Collinsville Bank – A Division of Northwest Community Bank operate under a single charter, a wholly-owned subsidiary of CMHC. Each of the existing branches operates under their existing brand names. Previously operating under the common ownership of CMHC for more than a decade, the banks had already combined many back-office functions to generate significant savings, improve efficiency, and add greater convenience for customers. The combined bank also offers more advancement opportunities for employees as well as resources and support to the communities served by the banks.
The bank has total assets of nearly $1 billion dollars and is well-capitalized and better positioned to more competitively deliver an expansive array of products and services throughout a growing branch network in Hartford and Litchfield Counties.