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FINANCIAL PLANNING CAREER OPPORTUNITIES

Our History

Northwest Community Bank Postcard Scan

The Grassroots Beginnings of
Northwest Community Bank

Different from a commercial bank with stockholders, community leaders founded Winsted Savings Bank in 1860. In 1875, local business leaders founded Mechanics Savings Bank of Winsted (later Northwest Bank for Savings). Both banks supported the development of Winsted, CT and surrounding towns through savings, loans and personal relationships with their customers. They helped individuals, families, businesses and communities—and later met the need for a branch network and expanded services.

In 1996, the two banks merged into Northwest Community Bank.

Affiliation and Strength
– Connecticut Mutual Holding Company

In 2001, Northwest Community Bank and Litchfield Bancorp formed Connecticut Mutual Holding Company, preserving the unique qualities of the individual banks while strengthening their ability to meet the needs of their communities, customers and employees. In 2010 Collinsville Savings Society became the third affiliate of Connecticut Mutual Holding Company.

In 2021, the three banks began operating under one charter as Northwest Community Bank; Litchfield Bancorp – A Division of Northwest Community Bank; and Collinsville Bank – A Division of Northwest Community Bank. This consolidation increased the presence, capabilities and commitment to northwest Connecticut and the Farmington Valley.

Today Northwest Community Bank is a mutually owned state-chartered bank, headquartered in Winsted. The bank has branches in Avon, Granby, New Hartford, Simsbury, Torrington, and an academic branch at Northwestern Regional High School in Winsted. Litchfield Bancorp – A Division of Northwest Community Bank has branches in Litchfield, Lakeville, Torrington and Watertown; and Collinsville Bank – A Division of Northwest Community Bank has branches in Collinsville, Canton and Farmington.

Deepening Our Roots and Our Commitment
– Northwest Community Bank Foundation

Increasing our ability to have a positive impact on our community, The Northwest Community Bank Foundation was funded and organized on January 1, 2022 by Northwest Community Bank and its Divisions, Collinsville Bank and Litchfield Bancorp, as a separate non-profit entity. The Foundation extends the Bank’s contributions to non-profit agencies and organizations working to address the needs of the region the bank serves.

Dedication to Community – A Hallmark of our Mission

In addition to offering a range of consumer and commercial banking services, we actively support community charities and nonprofit institutions. Our directors, officers, managers and other staff volunteer for boards, committees and activities of libraries, schools, the arts, Chambers of Commerce, Rotary and other organizations and foundations. We also make contributions to United Way, YMCA, Northwestern Connecticut Community College Foundation, Special Olympics, American Mural Project, the Tour of Litchfield Hills, Gifts of Love and more—and sponsor many community events.

Since our 1860s roots, Northwest Community Bank has been a mutual saving bank operating for the benefit of our depositors. True to our founding, we value our customers and the communities in which we live and work. We believe it’s your community — and your Northwest Community Bank! Contact us to see how we can serve you.

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