Essex Savings Bank is a bank headquartered in
Essex, Connecticut
Essex is a town in Middlesex County, Connecticut, United States. The population was 6,733 at the 2020 census. It is made up of three villages: Essex Village, Centerbrook, and Ivoryton.
History
The Great Attack
Essex is one of the few A ...
, United States. It operates 6
branches
A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually r ...
, all of which are in
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 capita ...
. The company also operates a trust department and has 22 financial advisors with $3.4 billion of
assets under management.
The bank donates 10% of its net profits to local
charitable organization
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good).
The legal definition of a ...
s.
History
The bank was founded on August 6, 1851, by a group of shipmasters, businessmen, and entrepreneurs.
[
The first bank president was Henry L. Champlin, a sea captain.][
In 2015, John W. Rafal, the founder of the financial services division, was fired after he paid a referral fee in violation of regulations.]
References
{{Authority control
Banks based in Connecticut
Banks established in 1851
1851 establishments in Connecticut