Vice President, Commercial Loan OfficerFarmington, CT
Smith & Wilkinson has been retained by Torrington Savings Bank (“TSB”) to manage the search for a Vice President-level Commercial Loan Officer in Farmington, Connecticut. TSB is an approximately $815MM, 150-year-old, mutually-chartered community bank that operates 9 Retail branches in northwestern Connecticut. The bank has a strong balance sheet, notably with a core capital ratio of over 19% ($161MM), as well as an efficiency ratio of 69% and return on assets (ROA) of .65. The bank’s primary business line is 1-4 family residential lending, with approximately $468MM of the bank’s $500MM+ portfolio being in residential lending. The Commercial Lending department at TSB was founded 5 years ago, and today has grown to a team of 4 commercial lending professionals supporting a $45MM portfolio. In addition to Residential and Commercial Lending, TSB also has an established Trust Department with over $325MM in assets under management. With an eye toward growth, the Commercial Loan Officer will serve as the “face of the bank” and be responsible for growing this key expansion market by serving the lending and investment needs of Farmington as well as those of the surrounding Hartford County communities. We are seeking experienced commercial banking talent for this unique community bank opportunity. For additional information, or to arrange a confidential discussion, please contact Cameron Boyd, Practice Director, Financial Services.