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{{context|date=March 2017}}
{{Infobox company
{{Infobox company
|name = Essex Savings Bank
| name = Essex Savings Bank
| logo = Essex_Savings_Bank_logo.png
|native_name =
| type = [[Privately held company]]
|founded = 1851
|industry = [[Financial services]]
| industry = [[Bank]]ing
| foundation = {{Start date and age|1851|8|6}}
|key_people =
|location = 35 Plains Road PO Box 950,
| location = [[Essex, Connecticut]]
| key_people = Diane Arnold, [[President (corporate title)|President]] & [[CEO]]<BR>Lynn K. Giroux, [[Chief Operating Officer]]<BR>Debra Brown, [[Chief Financial Officer]]
|location_city = [[Essex, Connecticut|Essex]], 06426 [[Connecticut]]
| assets = $375 million (2017)<ref name=fdic>{{cite web | url=https://research.fdic.gov/bankfind/detail.html?bank=17262 | title=FDIC Bank Info: Essex Savings Bank | publisher=[[Federal Deposit Insurance Corporation]] | access-date=2018-01-11 | archive-date=2018-01-11 | archive-url=https://web.archive.org/web/20180111164953/https://research.fdic.gov/bankfind/detail.html?bank=17262 | url-status=dead }}</ref>
|location_country = [[United States]]
| equity = $45 million (2017)<ref name=fdic/>
|website = {{URL|https://www.essexsavings.com}}
| homepage = {{url|https://www.essexsavings.com/}}
}}
}}
[[File:Essex CT - Main Street 02 (9365825196).jpg|thumb|250px|Essex Savings Bank building]]
[[File:Essex CT - Main Street 02 (9365825196).jpg|thumb|250px|Essex Savings Bank building]]
'''Essex Savings Bank''' is one of the oldest still functioning American [[bank]]s founded in 1851 and located in [[Essex, Connecticut|Essex]] town, [[Middlesex County, Connecticut]].
<ref>{{Cite web
|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=993400
|title=Company Overview of Essex Savings Bank
|accessdate=10 March 2017
}}</ref>


'''Essex Savings Bank''' is a bank headquartered in [[Essex, Connecticut]], United States. It operates 6 [[branch (banking)|branches]], all of which are in [[Connecticut]]. The company also operates a trust department and has 22 financial advisors with $3.4 billion of [[assets under management]].
⚫
== History ==
The main historic events include:<ref>{{cite web
|url=https://www.essexsavings.com/about-essex-savings.html
|title=A Brief History of Essex Savings Bank
|accessdate=15 March 2017
}}</ref>
*1851 - on 30 July was the first meeting of founders, the bank was opened on 6 August
* Henry L. Champlin, the shipmaker and sea captain, was the first president
*Recently was created a non-profit Community Investment Program


The bank donates 10% of its net profits to local [[charitable organization]]s.<ref>{{cite news | url=http://www.theday.com/article/20130213/NWS01/302149940 | title=Essex Savings Bank to Contribute $257,991 to Charity | work=[[The Day (New London)|The Day]] | date=February 13, 2013}}</ref>
== Overview ==


⚫
==History==
The basic facts:
The bank was founded on August 6, 1851, by a group of shipmasters, businessmen, and entrepreneurs.<ref name=fdic/><ref name=seeks>{{cite news | url=http://www.nhregister.com/news/article/Essex-Savings-Bank-seeks-memorabilia-of-150-years-11707144.php | title=Essex Savings Bank seeks memorabilia of 150 years | first=Peggy | last=Schenk | work=[[New Haven Register]] | date=January 8, 2001}}</ref>
<ref>{{Cite web
|url=http://www.ibanknet.com/scripts/callreports/getbank.aspx?ibnid=usa_961400
|title=Essex Savings Bank
|date=30 January 2017
|accessdate=10 March 2017
}}</ref>
*Institution type: [[savings bank]]
*Entity type: State
*Federal regulator: [[FDIC]]
*Specialization: [[Commercial Loan|commercial lending]]
*Number of employees: 131


The bank's branch served as a gathering place for many skippers who met there between voyages to discuss their adventures.<ref name=seeks/>
⚫
== References ==
⚫
{{Reflist}}


The first bank president was Henry L. Champlin, a sea captain.<ref name=seeks/>
== External links ==
*[https://www.essexsavings.com Homepage]


In 2015, John W. Rafal, the founder of the financial services division, was fired after he paid a referral fee in violation of regulations.<ref>{{cite news | url=http://www.theday.com/article/20151204/biz02/151209594 | title=Essex Financial founder fined, suspended | first=Lee | last=Howard | work=[[The Day (New London)|The Day]] | date=December 4, 2015 | access-date=January 11, 2018 | archive-date=January 11, 2018 | archive-url=https://web.archive.org/web/20180111165138/http://www.theday.com/article/20151204/biz02/151209594 | url-status=dead }}</ref><ref>{{cite news | url=http://www.theday.com/article/20171126/BIZ02/171129563 | title=Essex Financial on a comeback | first=Lee | last=Howard | work=[[The Day (New London)|The Day]] | date=November 26, 2017}}</ref>
⚫
[[Category:Banks based in Connecticut]]
⚫
[[Category:Companies established in 1851]]
⚫
[[Category:19th-century establishments in the United States]]


⚫
==References==
⚫
{{Reflist|1}}


{{Authority control}}
{{US-company-stub}}

{{Connecticut-stub}}
⚫
[[Category:Banks based in Connecticut]]
⚫
[[Category:Banks established in 1851]]
⚫
[[Category:1851 establishments in Connecticut]]

Latest revision as of 15:03, 30 April 2024

Essex Savings Bank
Company typePrivately held company
IndustryBanking
FoundedAugust 6, 1851; 173 years ago (1851-08-06)
HeadquartersEssex, Connecticut
Key people
Diane Arnold, President & CEO
Lynn K. Giroux, Chief Operating Officer
Debra Brown, Chief Financial Officer
Total assets$375 million (2017)[1]
Total equity$45 million (2017)[1]
Websitewww.essexsavings.com
Essex Savings Bank building

Essex Savings Bank is a bank headquartered in Essex, Connecticut, United States. It operates 6 branches, all of which are in Connecticut. The company also operates a trust department and has 22 financial advisors with $3.4 billion of assets under management.

The bank donates 10% of its net profits to local charitable organizations.[2]

History

[edit]

The bank was founded on August 6, 1851, by a group of shipmasters, businessmen, and entrepreneurs.[1][3]

The bank's branch served as a gathering place for many skippers who met there between voyages to discuss their adventures.[3]

The first bank president was Henry L. Champlin, a sea captain.[3]

In 2015, John W. Rafal, the founder of the financial services division, was fired after he paid a referral fee in violation of regulations.[4][5]

References

[edit]
  1. ^ a b c "FDIC Bank Info: Essex Savings Bank". Federal Deposit Insurance Corporation. Archived from the original on 2018-01-11. Retrieved 2018-01-11.
  2. ^ "Essex Savings Bank to Contribute $257,991 to Charity". The Day. February 13, 2013.
  3. ^ a b c Schenk, Peggy (January 8, 2001). "Essex Savings Bank seeks memorabilia of 150 years". New Haven Register.
  4. ^ Howard, Lee (December 4, 2015). "Essex Financial founder fined, suspended". The Day. Archived from the original on January 11, 2018. Retrieved January 11, 2018.
  5. ^ Howard, Lee (November 26, 2017). "Essex Financial on a comeback". The Day.
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