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May 2018
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Tim Jones promoted at Jewett City Savings Bank

Tim JonesKevin Merchant, president and CEO of Jewett City Savings Bank, has announced the promotion of Tim Jones to branch manager of the bank’s Preston office.

Jones, a Dayville resident, joined Jewett City Savings Bank in 2012 as a part-time teller and advanced through positions including, most recently, assistant branch manager in Dayville and at the Bank’s Main Office in Jewett City.

A graduate of Killingly High School, Jones earned an associate degree in accounting from Quinebaug Valley Community College and a bachelor’s degree in accounting from Post University. He is a member of the Alpha Beta Gama Business Honor Society.

“This was a well-earned promotion, and we all wish Tim well in his new position as our Preston branch manager,” said Merchant.

LaFlamme joins Jewett City Savings Bank in Dayville as VP/Commercial Loan Officer

Steve LaFlammeStephen J. LaFlamme of Windham has joined Jewett City Savings Bank as vice president/commercial loan officer. He will be located at the Bank’s Dayville office.

LaFlamme brings more than three decades of financial services experience to his new position. Most recently, he held commercial lending posts at Simsbury Bank and Savings Institute. Earlier in his career, he held finance and accounting positions with Chronicle Printing Company, General Building Supply, and Travelers.

“We are extremely pleased to welcome Stephen to our commercial lending team,” said Kevin Merchant, president and CEO. “He is looking forward to helping to meet the financial needs of our commercial customers, friends, and neighbors in Northeastern Connecticut.”

LaFlamme holds a bachelor’s degree in finance from Eastern Connecticut State University and also studied business administration at the Morse School of Business. He has been an active member of the Chamber of Commerce.

Loan Servicing Manager Wanted

Jewett City Savings Bank is seeking an experienced Loan Servicing Manager with strong experience in servicing commercial, residential, and consumer loans and lines of credit for the bank in the most cost-effective manner consistent with good customer service, compliance, and sound controls.

Primary Responsibilities:

  • Supervises loan servicing, loan onboarding, document imaging functions, and staff to meet the expectations of risk management, and to deliver on service expectations that sets us apart from competitors.
  • Oversees all aspects of servicing for all loans. This servicing includes posting of loan payments, the payment and monitoring of real estate taxes, hazard, mortgage, and flood insurance for all escrow accounts, the escrow analysis, loan collection functions, loan onboarding, document imaging functions, and preparation of all required reports.
  • Performs the quality control function and is responsible for ensuring the Bank maintains a well- documented loan portfolio with respect to compliance with state and federal laws and regulations, and Bank lending policies and procedures.
  • Coordinates problem loan resolution with attorney, borrower and management, follows up as to status of foreclosure proceedings, and prepares status reports for senior management.
  • Is responsible for ensuring the Home Mortgage Disclosure Act (HMDA) data collection, reporting, editing and transmission are timely and accurately.

Position Requirements:

  • Associates degree or its equivalent in specialized lending course work or training.
  • Five or more years of loan servicing experience with strong management/ supervisory experience along with extensive knowledge of core loan operating systems.  COCC experience preferred.
  • Excellent communication skills as evidenced by the ability to interact both verbally and in writing with customers and co-workers. Demonstrated ability to use discretion, tact, and diplomacy when dealing with customers and co-workers.
  • Strong leadership skills with experience developing new staff in technical proficiency, increased production, and engagement with the organization.



EEO employer; all qualified applicants will receive consideration for employment without regard to disability status, protected veteran status, or other any other characteristic protected by law

Jewett City Savings Bank named SBA Lender of the Quarter

Jewett City Savings Bank received the Lender of the Quarter Award from the U.S. Small Business Administration (SBA), Connecticut District. The award recognizes the Bank for excellent SBA activity for the second quarter of Fiscal 2018, which surpassed its entire SBA lending activity for the past three fiscal years combined.

SBA Connecticut District Director Anne Hunt commended Jewett City Savings Bank for its increased SBA activity, citing it as “a strong commitment to the small business community.”

President and CEO Kevin Merchant credited the addition of a business loan officer dedicated to working with small businesses for the Bank’s great strides in the commercial lending area.

“It has had a positive impact, not only for the Bank but also for the community, as evidenced by this award,” he said.

The SBA offers a variety of loan guaranty programs including 7(a), SBA Express, and 504 Loans. SBA loans are guaranteed up to $5 million and are available for most business purposes, such as purchasing commercial real estate, equipment and inventory, or for providing short-term working capital.

SBA Lender of the Quarter Award

William Couture, Business Loan Officer at Jewett City Savings Bank, holds the Lender of the Quarter Award plaque presented by (to his right) William Tierney, Lender Relations Specialist and (to his left) Anne Hunt, District Director, from the CT District Office of the U.S. Small Business Administration. Joining in the celebration were (from left) Jewett City Savings Bank’s Chief Credit Officer Ernest Muccio, President and CEO Kevin Merchant, and Senior Commercial Loan Officer Michael Alberts.

Our new website is coming soon

New Website

We have been hard at work creating a new website for our customers and neighbors. Our new site, which will be launching soon, features an updated design which “responds” to the size of your screen, a new Security Center and an expanded customer resource center.

To better serve visitors with vision or physical limitations, the site has been designed with the goal of meeting WCAG 2.0 Level A & AA standards. We have also included a new tool to assist our visitors with vision or physical limitations and will continue to explore ways to improve accessibility for everyone.

As with any renovation project, we have made some big changes – including moving our Online Banking login to the right of the screen.

We hope you like our new site and look forward to adding new content and capabilities in the coming months.

Local libraries share $6.5K from Jewett City Savings Bank Foundation

Four local libraries will share $6,500 in grants awarded recently by the Jewett City Savings Bank Foundation.

“Libraries are the heart of the communities they serve,” said Kevin Merchant, president and CEO of Jewett City Savings Bank. “They really are hometown treasures, and we are pleased to support them on behalf of our own hometown customers, friends, and neighbors.”

Slater Library in Jewett City received a special $3,000 grant to replace the carpeting in the children’s section and an annual support grant of $1,000. In Moosup, Aldrich Free Public Library was awarded $1,000 by the Foundation for a curbside collection box to make the return of books and videos easier for senior citizens and those with handicaps.

Sterling Public Library was awarded $1,000 to provide educational and social programs to library patrons, with an emphasis on children and families. Friends of the Janet Carlson Calvert Library in North Franklin received $500 from the Foundation to support the 10th anniversary of the Connecticut Authors Trail program in New London, Windham, and Tolland counties.

Jewett City Savings Bank Participates in America Saves Week with a Coloring Sweepstakes for Kids

As part of America Saves Week 2018, scheduled for February 26 to March 3, Jewett City Savings Bank is encouraging people to learn about better savings tactics including enrolling in automatic savings.

This year, the Bank is adding a special element to engage children. During America Saves Week, the Bank’s mascot, Stash McCash, will be hosting the America Saves Week Coloring Sweepstakes for children who are pre-kindergarten age, through fifth grade. A completed coloring sheet may be submitted at any Jewett City Savings Bank branch between February 26, 2018 and March 3, 2018. One winner from each age group will be chosen at random and will receive $25. Visit any Jewett City Savings Bank branch location or our website to get a coloring sheet.

During America Saves Week, Jewett City Savings Bank will offer new savings accounts and waive the minimum balance service fee for six months, giving consumers time to achieve the minimum balance by saving just $8 per week. Those opening a new savings account for a minor will receive a free piggy bank. New accounts can be opened at any Jewett City Savings Bank location.

“Setting a goal, making a plan, and saving automatically is a great way to start. This year we are proud to engage children in America Saves Week because it is never too early to start saving for your future,” said Kevin Merchant, president and CEO of Jewett City Savings Bank.

Initiated in 2007, America Saves Week is organized by America Saves and the America Savings Education Council. The week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.





Sweepstakes Period. The America Saves Week Coloring Sweepstakes takes place February 26, 2018, through March 3, 2018.

Eligibility. The sweepstakes is open to legal residents of the United States who are of pre-kindergarten age or a student in kindergarten through fifth grade. The winner does not have to be a Jewett City Savings Bank customer. Employees of Jewett City Savings Bank and immediate family members (parent, child, sibling, and spouse) and persons living in the same household of each such employee (whether related or not) are not eligible. Void where prohibited by law.

Prize. The prize is $25.00 in cash for the winning child in each of the four sweepstakes categories: (1) pre-kindergarten; (2) kindergarten and first grade; (3) second and third grade; and (4) fourth and fifth grade. Prize is not transferable. No substitution of prize permitted. Federal, state, and local taxes, and any expenses relating to the acceptance and use of the prizes in this sweepstakes, are the responsibility of the parent(s) or legal guardian(s) of the winners.

Entry and winner selection. No purchase or payment of any kind is necessary to enter or win the prizes awarded in this sweepstakes. To enter, children may obtain a coloring sheet corresponding to the child’s current age (for pre-kindergarten) or school grade at any Jewett City Savings Bank branch location beginning February 20, 2018, or on the bank’s website ( beginning February 19, 2018. A completed coloring sheet may be submitted at any Jewett City Savings Bank branch between February 26, 2018, and March 3, 2018. Only one coloring sheet per child will be accepted during the sweepstakes. On March 5, 2018, one winner from each sweepstakes category will be chosen at random from the coloring sheets submitted during the sweepstakes period. An entrant may win only one prize. The winner will be notified by telephone according to the information provided on the coloring sheet. The odds of winning depend upon the number of entries received during the sweepstakes period. If any potential winner is found to be ineligible or does not comply with these official rules, the prize will be forfeited and an alternate winner may be selected. If any prize is not claimed by March 26, 2018, an alternate winner may be selected from the submitted coloring sheets. All prizes will be presented to a parent or legal guardian of the sweepstakes winner at the Jewett City Savings Bank branch of his or her choice.

Sponsor. This sweepstakes is sponsored by Jewett City Savings Bank, 111 Main Street, Jewett City, Connecticut.

Social service projects receive $11.5K from Jewett City Savings Bank Foundation

Ten social service projects in six local communities recently received a total of $11,500 in grants from the Jewett City Savings Bank Foundation. Announcement of the awards was made today by Kevin Merchant, president and CEO of Jewett City Savings Bank.

“We believe that a true hometown bank helps strengthen its community,” said Merchant. “That’s just one reason we were proud to reach out in support of a variety of community projects and programs through the Jewett City Savings Bank Foundation this year.”

Four projects in Griswold were supported by the Foundation. Griswold PRIDE (Partnership to Reduce the Influence of Drugs for Everyone) was awarded $1,500 to sustain medication collection events including Drug Take Back Days at Griswold Town Hall and a Mobile Drug Take Back Day at local senior housing complexes, to prevent misuse or abuse of unwanted prescription drugs.

Also in Griswold, $1,000 grants were awarded to Families and Community First Griswold to support six free financial literacy training programs, and to Veterans of Foreign Wars Post 10004 towards a memorial monument honoring area veterans who served in post-Vietnam campaigns. Griswold’s Pachaug Pond Weed Control Association also received a $1,000 grant to purchase a weed harvester to maintain the quality, recreational use, and economic value of the property.

The Foundation’s social service grants in Jewett City included $1,300 to the Griswold Senior Center to continue the Tai Chi exercise program for seniors. A $1,200 award was made to Thames Valley Council for Community Action (TVCCA) to provide winter boots for children of low-income families, a service project of the Retired and Senior Volunteer Program.

Moosup United Methodist Church was awarded a $2,000 Foundation grant to support the cost of utilities for a building housing Mainly Clothes, a clothing bank that serves as a referral outlet for other agencies.

A Foundation award of $1,000 will help the Arc of Quinebaug Valley in Danielson purchase musical instruments for an outdoor sensory garden. In Putnam, a $500 grant to American Legion Mayotte-Viens Post #13 will support Americanism programs in local schools and the American Legion Boys State Program.

Habitat for Humanity of Eastern CT in New London will use its $1,000 Foundation award to complete the construction of a new Habitat home at 1 Richard Avenue in Griswold.

Mainly Clothes

PJ Carvalho, Volunteer at Mainly Clothes

$10.5K awarded for health services by Jewett City Savings Bank Foundation

Five health services organizations in Eastern CT were recently awarded a total of $10,500 in grants from the Jewett City Savings Bank Foundation, according to Kevin Merchant, president and CEO of Jewett City Savings Bank.

Two of the grants were made to Norwich nonprofits. United Community & Family Services received $5,000 to support its capital campaign for the Griswold Health Center. The Center for Hospice Care Southeast CT received a $500 grant in annual support and a second $500 award to support the Special Care Fund providing assistance for emergent family needs, special therapies and services for patients, and bereavement counseling.

In Danielson, Westcott-Wilcox Elderly Residential Housing received a $2,500 Foundation grant for necessary repairs and upgrades to heating and hot water systems to meet residential care home regulations. United Services, Inc. was awarded $1,000 in support of its capital campaign for the new Windham Regional Health and Wellness Center.

In Putnam, Day Kimball Healthcare received an annual support grant of $1,000 from the Foundation.

“Each of these health services agencies provides outstanding assistance, treatment, and care to people in the communities served by Jewett City Savings Bank,” said Merchant. “We are proud to help them respond to the needs of our friends and neighbors.”

UCFS Project

Progress at the new United Community and Family Services (UCFS) building in Griswold.

Jewett City Savings Bank Foundation awards $4.7K in arts and culture grants

The award of $4,700 in grants from the Jewett City Savings Bank Foundation have been made in support of arts and cultural projects, according to Kevin Merchant, president and CEO of Jewett City Savings Bank.

The Preston Historical Society received $3,000 from the Foundation to replace window units of the historical Long Society Meeting House located in Preston. The Finnish American Heritage Society in Canterbury will use its $500 award to upgrade and redesign museum and library areas to improve the presentation of items and artifacts for members and community education and research.

Also, the Killingly Historical and Genealogical Society in Danielson was awarded $200 from the Foundation for materials to build a shelving unit for the storage of museum displays. Performing Arts of Northeast Connecticut in Pomfret received an annual support grant of $1,000 that helps to continue to bring musical performances to elementary school students in Northeastern CT.

“We understand the value of preserving our history and celebrating the present through the performing arts,” said Merchant. “We are pleased to support both of these objectives through the Jewett City Savings Bank Foundation.”

Long Society Meeting House

On the steps of the Long Society Meeting House are (front left) Linda Christensen, President, and (front right) Donna Bowles, Vice President, of the Preston Historical Society, with (back) Mary Papenfoth, Branch Manager of the Preston office of Jewett City Savings Bank.