Celebrating 150 Years

Your bank yesterday, today and tomorrow.

Since our founding, Jewett City Savings Bank has served the needs of our neighbors, businesses and the community.

In 2023, we celebrated our 150th anniversary through a series of events, specials and much more.

150th Anniversary News & Updates

Our History

1873 – June 23 – Founded as Jewett City Savings Bank
1873 – December 31 – $41 Thousand in Assets
1873 – Ulysses S. Grant was president
1873 – Panic of 1873
1875 – American Bankers Association (ABA) Founded
1883 – $535 thousand in assets
1884 – Slater Library founded
1886 – Ashland Mill Bridge built
1890 – Moved in new building at 28 Main Street
1893 – $820 thousand in assets
1895 – Jewett City incorporated as a borough of the town of Griswold
1900 – James O. Sweet named President
1903 – $1 million in assets
1907 – Panic of 1907
1913 – $1.3 million in assets
1913 – The Federal Reserve System established
1914 – Rev. Edward N. Anthony named President
1923 – Arthur M. Brown named President
1923 – $2.2 million in assets
1929 – Stock market crash
1930 – August 25th grand opening of 111 Main Street
1930s – The Great Depression
1933 – $2.7 million in assets
1933 – Federal Deposit Insurance Corporation (FDIC) founded
1943 – $3.3 million in assets
1943 – $3.3 million in assets

1963 – $9.9 million in assets
1969 – First ATM debuts in New York
1971 – Quinebaug Valley Community College founded
1972 – Plainfield branch opened April 27th
1973 – Main Office Remodeled for 100th Anniversary
1973 – $24 million in assets
1974 – Brooklyn branch opened July 30th
1983 – $66.9 million in assets
1993 – $117.2 million in assets
1994 – First financial institution in North America offers Internet Banking
1996 – Acquired Jewett City Trust Company
1999 – First website launched
2000 – Online Banking introduced
2000 – Y2K
2001 – Addition to Main office building complete
2001 – 9/11 – 152 Connecticut citizens killed
2003 – $218.1 million in assets
2004 – Founded the JCSB Foundation
2007 – Kevin Merchant named President & CEO
2007 – Dayville branch opened May 7th
2008 – Preston branch opened November 17th
2019 – Pawcatuck branch opened September 19th
2020 – Putnam branch opened September 1st
2020 – COVID-19 Pandemic forces closing of all banks and businesses.
2021 – Michael Alberts appointed President & CEO

150th Celebration and Family Fun Day

1. 150th Celebration and Family Fun Day Prize Drawing Official Rules

Entry Period. Entries will be accepted at the Bank History Tent in Veterans Memorial Park, Griswold, Connecticut, on July 15, 2023, from 10:00 a.m. to 7:30 p.m.

Eligibility. This prize drawing is open to legal residents of the United States who are 18 years of age or older. A 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 any such employee (whether related or not) are not eligible. Void where prohibited.

Prize. One (1) cash prize of $150.00. 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 prize is the responsibility of the winner.

Entry and Winner Selection. No purchase or payment of any kind is necessary to enter or win the prize. To enter, complete an entry form and place it into the prize drawing entry box located inside the Bank History Tent. Only one entry form per person will be accepted. At the conclusion of the entry period, one (1) entry form will be drawn at random from the forms placed into the entry box. The winner will be notified by telephone according to the contact information provided on the entry form. The odds of winning depend upon the number of entry forms received during the entry period and other factors. If any potential winner is found to be ineligible, does not comply with these official rules, does not provide sufficient contact information, or does not claim the prize by October 31, 2023, the prize will be forfeited.

Prize Drawing Sponsor. Jewett City Savings Bank, 111 Main Street, Jewett City, Connecticut.

2. 150th Anniversary Celebration Prize Drawing Official Rules

Entry Period. Entries will be accepted at the following bank offices during the dates specified:

Plainfield – 48 Norwich Road, Plainfield, Connecticut – 4/24/23 through 4/28/23
Dayville – 560 Hartford Pike, Dayville, Connecticut – 5/1/23 through 5/5/23
Jewett City – 111 Main Street, Jewett City, Connecticut – 6/19/23 through 6/23/23
Brooklyn – 490 Providence Road, Brooklyn, Connecticut – 7/24/23 through 7/28/23
Putnam – 233A Kennedy Drive, Putnam, Connecticut – 8/28/23 through 9/1/23
Pawcatuck – 46 West Broad Street, Pawcatuck, Connecticut – 9/18/23 through 9/22/23
Preston – 353 Route 165, Preston, Connecticut – 11/13/23 through 11/17/23

Prizes. During 2023, each Jewett City Savings Bank office will award one (1) cash prize of $150.00 from the entries received at that particular office. In addition, one (1) cash grand prize of $1,500.00 will be awarded from all entries received at all offices during the entry periods. Prizes are not transferable. No substitution of prizes permitted. Federal, state, and local taxes and any expenses relating to the acceptance and use of the prizes in this prize drawing are the responsibility of each winner.

Entry and Winner Selection. No purchase or payment of any kind is necessary to enter or win the prizes awarded in this drawing. To enter, complete an entry form and place it into the prize drawing entry box located inside the lobby of the bank’s office during the entry period listed above. Only one entry form per person per day will be accepted.

$150.00 Cash Prize. At the conclusion of each entry period listed above, one (1) entry form will be drawn at random from the forms placed into an entry box. An entrant may win only one (1) $150.00 cash prize from any bank office listed above, but will remain eligible for the grand prize. Each winner will be notified by telephone according to the information provided on the entry form. The odds of winning depend upon the number of entry forms received during the entry period and other factors. If any potential winner is found to be ineligible, does not comply with these official rules, or does not claim the prize by January 31, 2024, the prize will be forfeited.

$1,500.00 Cash Grand Prize. In December 2023, one entry form will be drawn at random from all of the forms that were placed into entry boxes during the entry periods. The winner will be notified by telephone according to the information provided on the entry form. The odds of winning depend upon the number of entry forms received during the entry periods and other factors. If any potential winner is found to be ineligible, does not comply with these official rules, or does not claim the grand prize by January 31, 2024, the prize will be forfeited.

Prize Drawing Sponsor. Jewett City Savings Bank, 111 Main Street, Jewett City, Connecticut.