Putnam Bank
BankingConnecticut, United States51-200 Employees
Putnam Bank is a community bank based in Putnam, Connecticut, offering a range of financial products tied to traditional lending and deposit services. Its core activities include originating mortgage loans secured by residential real estate, loans secured by various real estate types, residential construction loans, commercial loans, and consumer loans, supported by a broad selection of checking, savings, and certificates of deposit accounts. Deposits serve as the primary funding source for its lending and investing activities, indicating a focus on relationship-based banking for individuals and local businesses. The institution emphasizes hands-on local service and community involvement as part of its operating approach. The bank serves customers in the Putnam area and surrounding regions, positioning itself as a neighborhood financial institution dedicated to personal service and support for community needs. It operates within the banking industry as a local lender and depositor, reflecting a traditional community bank model. Notable recent developments include its acquisition by Centreville Bank in 2020, which expanded the branch network across Rhode Island and Connecticut, and ongoing partnerships with local healthcare and community organizations. The organization was established as a local bank with a history rooted in serving the communities where it operates.
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