Newtown Savings Bank
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Newtown Savings Bank
Newtown Savings Bank, is a full-service community bank and Mortgage loan, mortgage provider serving customers in Connecticut. The bank is headquartered in Newtown, Connecticut and was founded in 1855. History The bank was founded in 1855 under its current name, and was the 23rd savings institution founded in Connecticut. The current headquarters was completed in 1910, and is located at 39 Main Street in Newtown. The bank has 15 locations, and owns the subsidiary Newtown Investment Services Inc., which it founded in 1995. In 2016, the bank's regional lending center opened in the town of Hamden, Connecticut. In 2016, the bank filed to become a holding company.https://www.newstimes.com/business/article/Newtown-Saving-Bank-files-to-become-holding-9177560.php The News-Times Newtown Saving Bank files to become holding company Notes External links Official websiteNewtown Investment Services Inc.
{{Bank-stub Banks based in Connecticut Banks established in 1855 Mutual savings banks ...
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Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ...
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Newtown, Connecticut
Newtown is a town in Fairfield County, Connecticut, United States. It is part of the Greater Danbury metropolitan area as well as the New York metropolitan area. Newtown was founded in 1705, and later incorporated in 1711. As of the 2020 census, its population was 27,173. History In 1705, English colonists purchased the Townsite from the Pohtatuck Indians, a branch of the Pasgussett. It was originally known as Quanneapague. Settled by migrants from Stratford and incorporated in 1711, Newtown residents had many business and trading ties with the English. It was a stronghold of Tory sentiment during the early Revolutionary War. Late in the war, French General Rochambeau and his troops encamped there in 1781 during their celebrated march on their way to the siege of Yorktown, Virginia, which ended the Revolution. An important crossroads throughout its early history, the village of Hawleyville briefly emerged as a railroad center. The town's population grew to over 4,000 . ...
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Connecticut
Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capital is Hartford and its most populous city is Bridgeport. Historically the state is part of New England as well as the tri-state area with New York and New Jersey. The state is named for the Connecticut River which approximately bisects the state. The word "Connecticut" is derived from various anglicized spellings of "Quinnetuket”, a Mohegan-Pequot word for "long tidal river". Connecticut's first European settlers were Dutchmen who established a small, short-lived settlement called House of Hope in Hartford at the confluence of the Park and Connecticut Rivers. Half of Connecticut was initially claimed by the Dutch colony New Netherland, which included much of the land between the Connecticut and Delaware Rivers, although the firs ...
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Kenneth L
Kenneth is an English given name and surname. The name is an Anglicised form of two entirely different Gaelic personal names: ''Cainnech'' and '' Cináed''. The modern Gaelic form of ''Cainnech'' is ''Coinneach''; the name was derived from a byname meaning "handsome", "comely". A short form of ''Kenneth'' is '' Ken''. Etymology The second part of the name ''Cinaed'' is derived either from the Celtic ''*aidhu'', meaning "fire", or else Brittonic ''jʉ:ð'' meaning "lord". People :''(see also Ken (name) and Kenny)'' Places In the United States: * Kenneth, Indiana * Kenneth, Minnesota * Kenneth City, Florida In Scotland: * Inch Kenneth, an island off the west coast of the Isle of Mull Other * "What's the Frequency, Kenneth?", a song by R.E.M. * Hurricane Kenneth * Cyclone Kenneth Intense Tropical Cyclone Kenneth was the strongest tropical cyclone to make landfall in Mozambique since modern records began. The cyclone also caused significant damage in the Comoro Islands and ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Mortgage Loan
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ...
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Newtown Savings Bank Map
Newtown may refer to: Places Australia *Newtown, New South Wales *Newtown, Queensland (Ipswich) *Newtown, Queensland (Toowoomba) *Newtown, Victoria, a suburb of Geelong *Newtown, Victoria (Golden Plains Shire), a locality near Ballarat Canada * Newtown, Newfoundland and Labrador India * New Town, Kolkata Ireland * Newtown, Ballymore, a townland in the civil parish of Ballymore, barony of Rathconrath, County Westmeath * Newtown, Ballymurreen, County Tipperary, a townland in North Tipperary * Newtown, County Cork, a census town * Newtown, County Dublin * Newtown, County Laois * Newtown, County Leitrim * Newtown, County Meath, a civil parish of Ireland * Newtown, County Tipperary, a settlement in the barony of Owney and Arra * Newtown, County Westmeath, several townlands in County Westmeath * Newtown, County Westmeath (civil parish), a civil parish in the barony of Moycashel * Newtown, Delvin, a townland in the civil parish of Delvin, County Westmeath * Newtown, Ormond Lowe ...
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Newtown Savings Bank
Newtown Savings Bank, is a full-service community bank and Mortgage loan, mortgage provider serving customers in Connecticut. The bank is headquartered in Newtown, Connecticut and was founded in 1855. History The bank was founded in 1855 under its current name, and was the 23rd savings institution founded in Connecticut. The current headquarters was completed in 1910, and is located at 39 Main Street in Newtown. The bank has 15 locations, and owns the subsidiary Newtown Investment Services Inc., which it founded in 1995. In 2016, the bank's regional lending center opened in the town of Hamden, Connecticut. In 2016, the bank filed to become a holding company.https://www.newstimes.com/business/article/Newtown-Saving-Bank-files-to-become-holding-9177560.php The News-Times Newtown Saving Bank files to become holding company Notes External links Official websiteNewtown Investment Services Inc.
{{Bank-stub Banks based in Connecticut Banks established in 1855 Mutual savings banks ...
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Community Bank
A community bank is a depository institution that is typically locally owned and operated. Community banks tend to focus on the needs of the businesses and families where the bank holds branches and offices. Lending decisions are made by people who understand the local needs of families, businesses and farmers. Employees often reside within the communities they serve. In the United States, community banks are not clearly defined. Most agencies base this term on aggregate assets size with varying definitions such as less than $1 billion (Office of the Comptroller of the Currency) up to less than $10 billion (Federal Reserve Board and Government Accountability Office). Beyond size (as measured by assets) The Federal Deposit Insurance Corporation (FDIC) imposes a number of additional requirements on institutions classified as community banks. From 1985 to 2004 community banks comprised roughly 94% of all commercial banks in the United States, but the proportion of total national depo ...
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Hamden, Connecticut
Hamden is a town in New Haven County, Connecticut, United States. The town's nickname is "The Land of the Sleeping Giant". The population was 61,169 at the 2020 census. History The peaceful tribe of Quinnipiacs were the first residents of the land that is now Hamden, they had great regard awe and veneration for the Blue Hills Sleeping Giant Mountain. amden was purchased by William Christopher Reilly and the Reverend John Davenport in 1638 from the local Quinnipiac Native American tribe. It was settled by Puritans as part of the town of New Haven. It remained a part of New Haven until 1786 when 1,400 local residents incorporated the area as a separate town, naming it after the English statesman John Hampden. Largely developed as a nodal collection of village-like settlements (which remain distinct today), including Mount Carmel (home to Quinnipiac University), Whitneyville, Spring Glen, West Woods, and Highwood, Hamden has a long-standing industrial history. In 1798, four ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Banks Based In Connecticut
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ...
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