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September 2014
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Faulise, Desaulnier are new Corporators at Jewett City Savings Bank

CorporatorsJohn U. Faulise, Jr. of Griswold and Matthew S. Desaulnier of Danielson were elected as corporators of Jewett City Savings Bank at the 141st Annual Meeting of Corporators held on March 25.

“John and Matt each share Jewett City Savings Bank’s commitment to the community, and they have each devoted considerable time and talent to organizations that help local businesses, residents and neighborhoods enjoy a better quality of life,” said Kevin Merchant, the Bank’s president and CEO.

“We know they will represent us well as our ambassadors out in the community.”

John U. Faulise, Jr.
Faulise is a licensed land surveyor and owner and principal of Boundaries L.L.C., a professional land surveying and civil engineering firm located in Griswold.

A Griswold native, Faulise served as an MP in the U.S. Army Reserves and is a former member and officer of the Griswold Volunteer Fire Department. He has been an active member of the community throughout his career, from coaching Little League, football and basketball youth sports programs to volunteer service with numerous civic organizations.

He is a long-standing member of the Griswold School Building Committee and was recently named the Griswold Public Schools Volunteer of the Year. He also serves as a member of the Uncas Health District board of directors, as a firm member of the Connecticut Association of Land Surveyors, and as a member of the Sheldon Road Recreational Field Committee and the Democratic Town Committee.

Matthew S. Desaulnier
Desaulnier is president of Gerardi Insurance Services in Putnam. He joined the company in 1996 as an account executive of insurance sales, and rose through positions including vice president and sales manager to become president of the firm in 2008.

Following his graduation from Killingly High School, Desaulnier earned a bachelor’s degree in finance from Bryant University in Smithfield, RI. He holds designations as a Certified Insurance Counselor and Chartered Property Casualty Underwriter.

Desaulnier is a member of the board of directors and past president of the Northeastern CT Chamber of Commerce and board member and past president of Westcott Wilcox Elderly Residential Housing.

He is head coach of Boys Varsity Basketball at St. James School and chair of the Killingly Holiday Lighting Committee.

ALERT: Blocked ATM and Debit Card Transactions

As of April 10, 2014 we are blocking all ATM and debit card transactions initiated in Malta due to reported fraudulent activity.

If you are traveling abroad, please be advised that we also block all ATM and debit card transactions initiated in India, France, Bosnia-Herzegovina, Cuba, Libya, Nigeria, North KoreaRomania and Brazil.  In Great Britain and Saudi Arabia, we are currently blocking signature-based and Internet debit card transactions. You will be able to process PIN-based transactions with your ATM or debit card in Great Britain and Saudi Arabia.

We also block signature-based debit card transactions in the states of California, Illinois, Nevada and Tennessee.  In California and Illinois, we also block all transactions initiated in discount stores, grocery stores and supermarkets.

If you conduct web-based transactions, such as online purchases, please be advised that we are blocking all such transactions initiated in Albania, Azerbaijan, Croatia, Cyprus, Hong Kong, Latvia, Liechtenstein, Luxembourg, Malaysia, Mauritius, Netherlands, Netherlands Antilles, Philippines, Singapore, Slovenia and Vietnam.

If you suspect there may be fraudulent activity on your account, you must notify the bank immediately.

To report a lost or stolen ATM or debit card, contact the bank as soon as you become aware that your card is missing.  You may contact any branch office during business hours or call HOT CARD Lost & Stolen Services at 1-800-264-5578 after business hours.

You can learn more about protecting your card or reporting fraudulent transactions by visiting the Federal Trade Commission website.

Burke retires, Thevenet elected to Board of Directors at Jewett City Savings Bank

At the 141st Annual Meeting of Corporators of Jewett City Savings Bank held on March 25, Robert James “Jim” Thevenet of Voluntown was elected to the Board of Directors, filling a vacancy left by the retirement of Vice Chairman John “Jack” Burke, who had served on the Board for the past 12 years.

Robert James Thevenet
Jim_ThevenetThevenet is a Certified Financial Planner™ (CFP) currently registered as an investment adviser representative and licensed agent through Cambridge Investment Research, Inc. He also holds the designations of Chartered Financial Consultant, Chartered Life Underwriter, and Certified Insurance Consultant in the State of Connecticut.

He began his career in finance in 1986 with Marine Midland Bank in New York City, and was soon promoted to vice president and manager of off-balance sheet trading. In 1990, he joined MW Marshall as currency and interest rate specialist, working as an institutional broker of interest rates, currency swaps, and options in offices in Hong Kong and Tokyo.

To provide a more stable and traditional home life for his family, Thevenet relocated to his mother’s hometown of Voluntown in 1995. He accepted a position as a commission stock broker with Paine Webber in Norwich and later with UBS Financial Services, Inc. in New London, where he managed retail and business brokerage clients for eight years.

In 2005, he became an investment advisor representative and licensed agent through New York Life Insurance Company in Windsor until accepting his current position in 2011.

In establishing roots in the Voluntown community, Thevenet became a volunteer Emergency Medical Technician with the Voluntown Community Ambulance service. He also served two terms on the Voluntown Board of Education. It was during his tenure that the plans for modernizing and expanding the school facility were completed, making the school a source of community pride.

“Jim Thevenet’s knowledge and experience in finance, capital markets, financial planning and business management make him uniquely qualified to serve as a director of Jewett City Savings Bank,” said Kevin Merchant, president and CEO.

“His level of expertise in the areas of finance and investments will reflect favorably on the Board of Directors and the Bank with respect to regulatory oversight. And, with his deep appreciation for the hometown environment, Jim will be a staunch supporter of the community bank model and a dedicated representative of Jewett City Savings Bank,” Merchant added.

John “Jack” Burke
With his election at the Annual Meeting, Thevenet replaces retiring Director John “Jack” Burke.

A Dayville resident, Burke joined Jewett City Savings Bank as a corporator in 1998, and was elected to the Board of Directors in March 2002. He has served as vice chairman of the Board since 2008.

During his 12 years of service as a director, he was a member of numerous committees, and had chaired the Salary & Benefits Committee and the Nominating Committee for several years.

He also enjoyed membership on committees including Bylaws, Community Reinvestment Act, Long Range Planning, Investment, Pension, Executive and Foundation Grants during his tenure.

“Jack played a significant role on our governance team for many years, and made valuable contributions to help ensure the continued success of our Bank,” said Merchant. “His presence will certainly be missed, and we thank him sincerely for his many years of service.”

Our 2013 Annual Report – A “yearbook” edition!

Layout 1The 2013 Jewett City Savings Bank Annual Report takes the form of a school yearbook — a fitting addition to the popular Lessons in Hometown Banking theme used throughout our recent marketing campaign.

The Annual Report also celebrates the Bank’s 140 years of service to local residents and businesses, as well as its commitment to the community throughout its long history.

The 2013 “yearbook” includes Milestones and Memories, a Letter from the Principal (President & CEO Kevin C. Merchant), Math (2013 financials), Clubs and Activities (community involvement), and, of course, our Classmates.

Copies of the report are free, and available at all Jewett City Savings Bank locations while supplies last. The report is also available online here.

Jewett City Savings Bank awards over $2,000 to Project PIN and Pomfret food pantries

JCSB_groceriesThe Jewett City Savings Bank Foundation recently awarded grants totaling $2,021 to Project PIN, the food pantry serving the towns of Plainfield and Sterling, and the Town of Pomfret Food Pantry.

The Foundation’s $1,521 gift to Project PIN helped the pantry purchase additional refrigeration units to be installed as they expand at their current location. In 2013, Project PIN served an average of 324 families, an increase of 34% from 2012.

The Pomfret Food Pantry will use its $500 grant from the Jewett City Savings Bank Foundation to purchase food and miscellaneous household items in order to continue to provide support to families needing assistance in the town.

“These grants will provide vital assistance to individuals and families in our neighborhoods,” said Foundation President Kevin C. Merchant. “The need today is greater than ever, and we are pleased to be able to help.”

In the 10 years since it was established, the Jewett City Savings Bank Foundation has provided almost $450,000 to support communities served by the Bank, with nearly $70,000 in support to local food pantries, Merchant said.

Fraud Alert: Telephone Scam Reported in CT

We have learned of a telephone scam that is currently being investigated in the western part of Connecticut.  We want to take this opportunity to remind consumers that a bank will never ask you to provide your account information using automated telephone messages, text messages, or email messages.  If you receive a call, text, or email message claiming to be from your bank and asking you to provide personal or account information, do not respond to the text message, do not call any telephone number provided, and do not click on any website link provided in an email.

Criminals use telephone scams (pretexting), text messages (SMiShing), and email messages (phishing) to attempt to get consumers to divulge account numbers, debit and credit card numbers, and other personal confidential information. They use scare tactics to convince consumers that their bank account, credit card or debit card have been frozen or suspended and they must provide the information to reactivate their account or card.  Never respond to the messages or use the telephone numbers or website links provided in the messages. When there is a question about your account information, you should always contact the bank directly at a telephone number or website that you know to be legitimate (from a statement or receipt).

You can learn more about pretexting and phishing from the Federal Trade Commission. If you received a telephone call or text message, you can also file a complaint with the Federal Trade Commission at

Jewett City Savings Bank observes America Saves Week

aswlogoAs part of America Saves Week 2014, which takes place this year from February 24 through March 1, Jewett City Savings Bank hopes to encourage people to establish and reach their savings goals.

“Setting a goal, making a plan, and saving automatically is a great way to start,” said Kevin C. Merchant, president and CEO of Jewett City Savings Bank.

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 also receive a free piggy bank. New accounts can be opened at any Jewett City Savings Bank location.

“Fewer than half of Americans have good savings habits, and we hope these incentives will make people think more about the importance of saving, and realize the difference a successful savings habit can make,” said Merchant.

“The goal of America Saves Week is to change that statistic for the better.”

America Saves Week is coordinated by America Saves and the American Savings Education Council. Started in 2007, the Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. Typically thousands of organizations across the country participate in the Week each year, reaching millions of people.

Jewett City Savings Bank Foundation awards $3,000 to benefit local youth

Jewett City Savings Bank recently awarded a total of $3,000 in grants to three area nonprofit organizations, in support of initiatives designed to support local youth.

The Danielson Rotary Club Trust received $1,000 from the Foundation to purchase tents, table covers, and materials to set up Amber Alert registration equipment at local events. The Danielson Rotary sets up their Amber Alert registration booth annually at the Brooklyn Fair, and other local events, and has registered approximately 4,000 children in the program.

With its Foundation grant of $1,000, the Eastern Connecticut Performing
Arts Association will meet expenses associated with offering four educational classes and provide scholarships for participants with financial need.

In Griswold, Youth and Family Services received $1,000 from the Foundation to provide camperships to children in the Griswold School system whose families are unable to afford the summer camp program.

“We are always pleased to be able to support programs designed around the youth of the communities we serve,” said Kevin C. Merchant, president of the Jewett City Savings Bank Foundation.

The Jewett City Savings Bank Foundation awarded nearly $50,000 to area non-profit organizations this year, said Merchant. In the 10 years since it was established, the Jewett City Savings Bank Foundation has provided almost $450,000 to support communities served by the Bank.

On Stage — The Eastern Connecticut Performing Arts Association has received a $1,000 grant from the Jewett City Savings Bank Foundation to support performance programs for local youth.

On Stage — The Eastern Connecticut Performing Arts Association has received a $1,000 grant from the Jewett City Savings Bank Foundation to support performance programs for local youth.

$1,500 in grants from Jewett City Savings Bank Foundation will help local health initiatives

stethescopeThe Jewett City Savings Bank Foundation has awarded a total of $1,500 to help two local nonprofit organizations fulfill their goals of improving the quality of life for area residents.

The ARC of Quinebaug Valley, Inc. received a $1,000 grant to acquire items needed to provide exercise and nutrition health education curriculum to individuals with life-affecting disabilities.

The ECHO Cancer Foundation will use its $500 grant to help defray the costs of coffee and healthy snacks provided daily by volunteers to cancer patients arriving for medical care and treatment.

The Jewett City Savings Bank Foundation awarded nearly $50,000 to area non-profit organizations this year, said Kevin C. Merchant, president of the Foundation. In the 10 years since it was established, the Jewett City Savings Bank Foundation has provided almost $450,000 to support communities served by the Bank, with over $134,000 going to social and health services.

Friday, January 3, 2014 Opening at 10:00 a.m.

All offices of Jewett City Savings Bank will open at 10:00 a.m. on Friday, January 3, 2014 due to the winter weather conditions.  Please drive safely.