In 2001, Northwest Community Bank and Litchfield Bancorp formed Connecticut Mutual Holding The goal of creating the holding company was to preserve both institutions’ mutual charter while strengthening their ability to meet the needs of the markets they serve. 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.
Today the institution has total assets of $1.1B and operates 13 retail branches throughout the region. The Bank continues to operate in a very strong financial position with healthy earnings and a strong balance sheet with exceptional asset quality and a strong capital position.
The Chief Financial Officer and Treasurer manages, plans, organizes and directs the financial actions of the Bank, Finance /Accounting Division. This role is in charge of tracking cash flow, analyzing strengths and weaknesses in the Banks finances and oversees all aspects of its financial success. As a member of the executive management team, participates in the formulation and implementation of Bank-wide strategies and objectives.