From the President & CEO
Welcome to our Impact Report! We are thrilled to showcase the positive impact Thomaston Savings Bank, the Thomaston Savings Bank Foundation, and our employees have made in the community over the course of the past year.
Thomaston Savings Bank is committed to staying true to our values as we remain dedicated to our mutual corporate structure, providing in-person service at our branch locations and continuing our support to our neighbors throughout the community.
Our community initiatives and focus on financial wellness continue to grow. We recently launched Credit Sense, a free credit monitoring tool that provides ongoing analysis and resources to improve your score. The Bank’s Foundation successfully hosted its annual grant cycle in three phases, optimizing our reach across the towns we serve. We have partnered with Waterbury Promise, a scholarship program that provides relief to students looking to further their education at an accredited Connecticut based college or university.
Financial Wellness & Education
Thomaston Savings Bank is committed to providing our customers with the perfect tool kit to better themselves and achieve their financial goals.
View
your credit score and credit report
Monitor
key changes to your credit file with alerts
Receive
an ongoing analysis of the factors impacting your credit score
Access a library of financial wellness resources to improve your score &
more!
Financial Literacy Workshops
Thomaston Savings Bank employees have hosted a total of 33 financial literacy workshops throughout the community. These workshops include various topics including fraud prevention, senior wellness, basic financial literacy and more. Employees are eager to get involved and educate the community in hopes that our customers will feel capable of achieving their financial goals and dreams.
Cybersecurity Resources
Thomaston Savings Bank employees are committed to helping our customers in preventing fraud. We provide a variety of educational resources and materials through our social media posts and email campaigns. These resources highlight the different types of scams on the rise and the various ways that scammers will try to commit fraud.
Follow us on social media for financial wellness resources, community posts & more!
Investing in the Future
Our Foundation
The Thomaston Savings Bank Foundation is a 501(c)3 nonprofit corporation founded in 1997. It is wholly funded by contributions made by the Bank, currently holding over $8.5 million in assets, and has awarded nearly $9 million in grant awards since its inception. We invite you to explore more about our Foundation’s initiatives and giving below.
2022 Grant Cycle
To best serve the community the Thomaston Savings Bank Foundation hosts its grant cycle in three phases, considering applications from local nonprofit and government agencies in support of the following focus areas: arts & culture, community development, education and youth services, health and human services, and public safety.
Thomaston Savings Bank has been an incredible partner with the Kids of Summer Foundation. Our organization’s goal is to provide accommodating child care and encourage kids to get outside, get off their electronics and have fun. We are extremely grateful for the steadfast support from the Bank and the Foundation. We are also grateful for employees who have participated in our events, especially our Penguin Plunge.
– Jon Sheaffer, Founder & Co-Chair, The Kids of Summer Foundation
The Learning Center in Terryville is always so appreciative of the Thomaston Savings Bank Foundation. They have supported our endeavors throughout the years whether it was to get some IT equipment or upgrade our phone systems, and we’re very thankful for that.
– Lorainne Freidman, President of the Board, Terryville Learning Center
The Thomaston Savings Bank Foundation has helped us continue our mission to provide a high-quality private school education to our students, most of whom come from disadvantaged, low-income families. The Bank’s generosity helps our students “beat the odds” by providing CCS with resources it needs to ensure these children perform at a high level as they move on in their education. Historically, at least 94% of CCS graduates go on to complete high school on time as compared to 68% graduation rate for Waterbury Public School students. That’s thanks, in part, to Thomaston Savings Bank’s investment in our school and its mission.
– Michael Patrick, Director of Development, Children’s Community School
Act to Impact Employee Giving Campaign
- Susan B. Anthony Project, Inc.
- St. Vincent DePaul Mission of Bristol
- Brian's Angels, Inc.
- Kelly's Kids, Inc.
- Disabled American Veterans Chapter 5 - Bristol
- Farmington Food Pantry
- Veteran's Strong Community Center
- Bronc Callahan Community Fund
- Neighborhood Housing Services of Waterbury
- Thomaston Social Services Fund
- Salvation Army Litchfield Hills Unit
- PAL Police Activity League
- St. Vincent DePaul Mission of Waterbury
- Carolyn's Place Pregnancy Care Center
- Safe Haven of Greater Waterbury
- Becky's Cupboard - Our Savior Lutheran Church
- Town of Plymouth Human Services Dept.
- Waterbury Youth Services
- Salvation Army Waterbury Corps
- Watertown Area Assoc. for Special Citizens
- Wolcott Senior Center
Caring for the environment is a shared public value. I am pleased to apply my expertise in helping Thomaston Savings Bank further their efforts in proper recycling, waste reduction and elimination, as well as improving sustainability on a larger scale. Their focus on a positive environmental impact will truly benefit our community at large.
– Michael Madow, President, Ramco Recovery, Inc.
Environment & Sustainability 
More Than Bankers
At Thomaston Savings Bank, our employees are more than bankers. They actively seek out opportunities to get involved in the community through various organizations and causes.
- Black Rock Village
- Blakeslee Scholarship Committee
- Boys & Girls Club Family Center Bristol, Inc.
- Boys & Girls Club of Greater Waterbury
- Brian's Angels
- Bristol Boys & Girls Club
- Bristol Child Development Center
- Bristol Health
- Bristol Hospital Foundation
- Bristol Rotary Scholarship Fund, Inc.
- Business Women's Forum - Chamber
- Central CT Chamber of Commerce
- Children's Community School
- CMBA
- Connecticut Society of CPAs
- CT Bar Foundation
- CT Community Bankers Association
- Environmental Learning Centers of CT
- Farmington Public Schools Foundation
- Fine Arts Connection of Thomaston
- Friends of the Thomaston Greenway
- Friends of the Thomaston Opera House
- Gail Lascko Memorial Scholarship Committee
- Greater Waterbury Campership Fund
- Greater Waterbury Chamber of Commerce
- Habitat for Humanity
- Harwinton Agricultural Society
- Harwinton Ambulance Association
- Holy Cross High School
- Hop Brook Tennis Club
- Lake Plymouth Community Association
- Latinos United for Progress CT
- Literacy Volunteers of Greater Waterbury
- Main Street Community Foundation
- Mattatuck Museum
- MSCF WOW Event
- Neighborhood Housing Services of Waterbury
- New Foundations, Inc.
- Newington Friends of Football Booster Club
- Northfield Volunteer Fire Company Auxiliary
- Northwest Chamber of Commerce
- Northwest CT YMCA
- Pine Grove Association
- Plainville Community Food Pantry
- Plymouth Community Food Pantry
- Relay for Life of greater Waterbury
- Restoration Committee of the Opera House
- Rotary Club of Thomaston
- Safe Haven of Greater Waterbury
- Salvation Army
- Shepard Meadows Equestrian Center
- St. Mary's Hospital Foundation
- Terryville Congregational Church
- The Paige J. Batten Memorial Scholarship Fund, Inc.
- Thomaston 150th Celebration Committee
- Thomaston Board of Finance
- Thomaston COVID Emergency Committee
- Thomaston Democratic Town Committee
- Thomaston Naugatuck River Greenway
- Thomaston Opera House Committee
- Thomaston Public Library
- Thomaston Rotary
- Thomaston Rotary Scholarship Investment Committee
- Town of Litchfield Board of Ethics
- Tri-Town Youth Baseball & Softball
- UNICO
- United Way Campaign Leadership Committee
- United Way Leavenworth Society
- United Way of Greater Waterbury
- United Way of Northwest CT
- United Way of West Central CT
- United Way of West Central CT Allocations Co-Chair
- Waterbury Regional Chamber Leadership GW Steering Committee
- Watertown Youth Hockey
- Watertown Youth Lacrosse
- Wolcott Chamber of Commerce
- Wolcott Circle of Sports
- Women's Business Development Council
CAN DO CREW
The Thomaston Savings Bank Can Do Crew volunteers to benefit a wide variety of non-profit organizations throughout our community. From donating time, money and resources our employees are dedicated to giving back for a good cause. Employees participated in 32 projects over the course of the year.
Total Employee Volunteer Hours:
Denim Days
The Bank’s Denim Days allow employees to wear jeans on Fridays throughout the month for a small donation to a preselected local non-profit that provides vital services to our community. If employees donate a total of $1,000 or more throughout the month, the Bank donates an additional $1,000 to the organization.
Total
Relay for Life
This year our team, Thomaston Savings for Lucy, attended Relay for Life of Greater Waterbury and raised a total of $5,332 for the American Cancer Society. Our team was dedicated to former employee Lucy Mancini, who had fought a courageous battle with cancer in 2021. Lucy was heavily involved in Relay for Life over the years and our employee run team wanted to honor her memory by continuing her passion to fight cancer.
United Way
Locations We Donate To:
Thomaston Savings Bank is proud to support local United Way organizations in their efforts to provide basic needs, education and financial stability to every person in the community.
Thomaston Savings Bank employees donated more than $45,000 to the United Way’s Annual Workplace Campaign. The Bank saw a 92% participation rate and an increase of over $4,000 in donations. Eighteen branches and departments had 100% participation, showing their commitment to the United Way’s pledge and supporting their mission.
Employees collectively donated 955.8 pounds of healthy food items to the United Way of Greater Waterbury’s Stock the Pantry Campaign. This campaign distributes food to ten local food pantries who will offer their services throughout the local community.
United Way of West Central
Employees participated in the United Way of West Central CT’s Day of Caring in May at Shepard Meadows Equestrian Center painting fences and gardening.
United Way of Greater Waterbury
Bank employees also volunteered at the United Way of Greater Waterbury’s Day of Caring cleaning up the garden at Catholic Charities Family Service Center.
Who We Are
Did You Know?
Employees
speak 15 languages across 16 branches
& departments
13%
of employees are multilingual to better serve our community
Our Board
Thomaston Savings Bank’s Board of Directors consists of 10 community leaders who live and work within the local community. Our Board is committed to making local decisions to improve the lives of our neighbors. The Bank’s Board Members are dedicated to giving back whether that is by serving on an additional board or donating time back into the community.
Our Board Members lead by example dedicating countless hours to
professional and civic organizations for the good of our community.
See where they spend their time:
- Blakeslee Scholarship Committee
- Bristol Boys & Girls Club
- Bristol Works, Inc.
- Central CT Chambers of Commerce
- City of Bristol American Rescue Plan Task Force
- Connecticut Society of CPAs
- CT Bar Foundation
- CT Community Bankers Association
- Environmental Learning Centers of CT
- Finance Committee of Torrington Country Club
- Friends in Service to Humanity (FISH)
- Friends of the Thomaston Opera House
- Main Street Community Foundation
- Mattatuck Museum
- Rotary Club of Thomaston
- St. Maron’s Church
- The ARC of Litchfield County (LARC)
- The Salvation Army
- Thomaston Board of Finance
- Thomaston COVID Emergency Committee
- Thomaston Opera House Restoration Committee
- Thomaston Public Library
- Thomaston Rotary Scholarship Investment Committee
- United Way Campaign Leadership Committee
- United Way Leavenworth Society
- Waterbury Bar Association
Workplace Culture
“I’m so thankful for the tuition reimbursement that the Bank offers us as employees. I have utilized the program for both my bachelors and master’s degrees over the course of my schooling. The tuition reimbursement program has not only been financially beneficial to me, but also has been part of the driving factor in me pursuing higher education. For me, pursuing higher education has and will continue to open doors for me and my growth here at Thomaston Savings Bank!”
– Amanda Hauser, Officer, Branch Manager, Thomaston Savings Bank
