SBA Releases PPP Information
On November 5, a federal judge ordered the Small Business Administration (SBA) to release the names, addresses and precise loan amounts for all Paycheck Protection Program (PPP) loan recipients and all COVID-19-related Economic Injury Disaster Loan (EIDL) recipients. Though the SBA argued that this information be exempt from the Freedom of Information Act, the judge found that the exemptions do not cover the PPP data sought by major news organizations. The SBA didn't appeal the ruling and publicly released this information on Dec. 1.
Windsor Federal joins in any concerns you may have and assures you that banks that issued PPP loans played no role in the decision to release this information.
This ruling expands on the PPP loan data has already been made public. Earlier this year, at the request of Congress, the media and the public, SBA released less specific information. For loans totaling $150,000 and higher, SBA released the names and addresses of borrowers but provided a range for loan totals; for smaller loans, it released the exact amount and name of the lender but not the identity of the borrower. Given the significant taxpayer funds utilized by these SBA programs, the federal government's disclosure of loan-by-loan details is not unexpected or unprecedented.
We are prepared, as you should be, to review the SBA loan disclosures to ensure accuracy and contact SBA if the information they provided is inaccurate. Multiple news organizations have been waiting to review this data. We can expect both national and local media outlets to report on any data that suggest fraud. Examples could include multiple loans linked to the same address, business, or individual. They will also be interested in any borrower that appears ineligible for a PPP loan based on total employment and other factors.
Banks tried to help as many small businesses as possible through the PPP. Consistent with the guidance provided by the SBA and Treasury, banks relied on the attestation of borrowers in determining eligibility for the program. The banking industry fully supports investigating any alleged fraud and has been working alongside law enforcement to identify and report potential fraud in the PPP.
America's banks, including Windsor Federal, will continue to support their small business customers and do their part to help spur the economic recovery and limit the economic damage from this pandemic. More than 5,400 lenders participated in the Paycheck Protection Program, including more than 3,500 banks with less than $1 billion in assets. Altogether, more than 5 million PPP loans have been made, totaling $525 billion, supporting 51 million jobs according to the SBA and Treasury.
We believe the Paycheck Protection Program, while far from perfect, allowed millions of struggling businesses in the country to weather the worst of the pandemic and saved millions of jobs. Members of Congress in both parties agree and have proposed reauthorizing the program so more small business can be helped, especially those that did not participate in PPP previously.
David DiPiero Promoted to Vice President – Compliance Officer at Windsor Federal
WINDSOR, CONN., October 8, 2020 – David DiPiero has been promoted to Vice President, Compliance Officer at Windsor Federal, headquartered in Windsor, Conn.
“Adherence to regulatory standards is of utmost importance in ensuring that Windsor Federal remains an ethically sound institution and protects the interests of our customers and constituents,” stated Mary-Lynn Kinney, Chief Operations Officer. “David develops compliance programs for our organization to ensure that we uphold the laws and regulations that govern our industry.”
David joined Windsor Federal in 2005 as Compliance and Quality Assurance Specialist with over nine years of prior work experience in banking and financial compliance. He was promoted to Compliance Officer in 2013 and Assistant Vice President - Compliance in 2014. David earned both his undergraduate and MBA degrees at Western New England College and has further developed his career by attending the Federal Compliance School. He is currently working to become a Certified Anti-Money Laundering Specialist.
“It is rewarding that Windsor Federal recognizes the seriousness with which I take my compliance responsibilities,” said David. “I appreciate having the opportunity to work for an organization in which our customers can place their trust. “
David resides in Enfield, Conn. with his wife, three children, and two cats. David’s family is actively involved in Enfield High School athletics, including volleyball and baseball, and activities such as SafeGrad. David has also taken part in Windsor Federal’s Shred Day events.
Lynne Stanley Promoted to Vice President - Cash Management Officer at Windsor Federal
WINDSOR, CONN., September 29, 2020 – Lynne Stanley has been promoted to Vice President, Cash Management Officer at Windsor Federal, headquartered in Windsor, Conn.
“As our commercial business continues to grow, Lynne’s commitment to providing outstanding customer service to our customers has remained steadfast,” stated Luke Kettles, EVP & Chief Loan Officer. “She has played an integral role in establishing commercial relationships as we have expanded into the South Windsor area. Additionally, Lynne was a significant contributor in the Bank’s Paycheck Protection Program efforts.”
Lynne joined Windsor Federal in 2008 as Business Banking Officer with over 25 years of prior work experience in the retail and business development areas. She has held the position of Commercial Relationship Officer and was promoted to Assistant Vice President - Cash Management Officer in 2018. A Business graduate of Becker College in Mass., Lynne continued to develop her banking career through the two-year Connecticut School of Finance and Management program.
“I enjoy working with our commercial customers and finding the best solutions to help them grow and thrive,” said Lynne. “It is fulfilling to be of service and meet the needs of our community members, especially when presented with challenging times.”
Lynne resides in Granby, Conn. with her husband, daughter, and two dogs. Lynne has been actively involved in community activities and is currently serving her third term as Treasurer of Windsor’s First Town Downtown.
Nathan Adajian Promoted to Vice President at Windsor Federal
WINDSOR, CONN., July 27, 2020 – Nathan Adajian has been promoted to Vice President - Commercial Lending at Windsor Federal, headquartered in Windsor, Conn.
“Nate continues to be a driving force in the growth of our commercial business, but the real secret to his success is his genuine dedication to his customers,” stated Luke Kettles, Chief Loan Officer. “He was a key contributor in helping our local small businesses to get the Payroll Protection Program funds they needed to sustain themselves financially during this pandemic.”
Mr. Adajian joined Windsor Federal in 2015 with a solid background in commercial and retail banking, as well as audio engineering. He holds a Bachelor’s Degree in Business Administration and a Master’s Degree in Project Management from Granite State College, as well as a degree in Audio Engineering from SAE Institute of Technology. He also earned a Loan Operations Diploma and Supervisor Diploma through the Center for Financial Training (CFT).
“I am appreciative of the opportunities that Windsor Federal has afforded and the connections I’ve made with our local businesses,” said Mr. Adajian. “I am looking forward to expanding on these partnerships, helping Windsor Federal in its mission of strengthening our communities.”
Nate resides in Avon, Conn. with his wife and two daughters. He is the former Treasurer of Young Professionals of Windsor and is a volunteer with Blind Dog Rescue Alliance.
Charlene Faselle Promoted to First Vice President at Windsor Federal
WINDSOR, CONN., July 06, 2020 – Charlene Faselle has been promoted to First Vice President - Credit Analysis at Windsor Federal, headquartered in Windsor, Conn.
“Charlene has been instrumental in implementing systems and processes that have enabled us to serve our customers better, especially during the course of this pandemic,” stated Mary-Lynn Kinney, Chief Operating Officer. “Further, her community banking background and strong leadership abilities have proven invaluable as we navigate through these times.”
Windsor Federal welcomed Ms. Faselle in May 2019 as Vice President. With over 30 years of industry experience, she has a solid foundation in commercial credit within the areas of management, underwriting, policy writing, and analyst training. Prior to joining Windsor Federal, Ms. Faselle was Vice President – Credit Risk Management Officer with Simsbury Bank.
“I am happy to continue in my career with an organization that lives by its community values,” said Ms. Faselle. “I am excited to help Windsor Federal continue to best serve the needs of its customers as the industry continues to evolve.”
Ms. Faselle holds a Bachelor of Science degree in Accounting from Bryant University. She resides in Newington, Conn. and is actively involved in her community, serving as Director of Manes and Motions Therapeutic Riding Center.
Windsor Federal is honored to earn the recognition of Community Bank Hero for its financial literacy work in our high schools and communities!
Banking New England selected 20 community banks and credit unions from across New England to honor as Community Bank Heroes and Credit Union Heroes for their creation of unique community partnerships and going beyond the call to aid their communities in a special time of need.
Community banks and credit unions were chosen in categories based on their asset sizes: less than $500 million, $500 million to $1.5 billion, and more than $1.5 billion.
Windsor Federal received the Silver Award in its category!
Windsor Native David Broxterman Promoted to Bank Officer at Windsor Federal
WINDSOR, CONN., June 15, 2020 – David Broxterman has been promoted to IT Officer at Windsor Federal, headquartered in Windsor, Conn.
“In his time at Windsor Federal, David has proactively sought out opportunities to further his knowledge of networks, applications, and systems,” stated Jeffrey Karam, Chief Information Officer. “His efforts have played an integral role in putting in place the technologies that have supported the growth of our organization. Additionally, his retail banking background and hometown roots make him a valuable resource to our employees, customers, and community members.”
David joined Windsor Federal in 2008 as a Teller and transferred to the Information Technology Department in 2012 to take on the role of Help Desk Representative. He was promoted to IT Technician in March 2018.
”I am happy to be able to grow in my career with an organization known for its community commitment,” said David. “I am looking forward to continuing to learn in this ever-changing field and contributing to the Bank’s continued success.”
A lifelong Windsor resident, David is a former member of the Young Professionals of Windsor and has participated in bank-sponsored community events throughout the years. He grew up golfing and is an avid sports fan, cheering on the Red Sox and supporting our local minor league baseball team, the Yard Goats. He enjoys the adventures he shares with Grizz, his 3-legged rescue dog.
As the crisis hit the economy, every business had to find ways to adapt to the changing conditions. But there is one industry that had to do both at the same time: change on the fly, and continue performing at top speed - the banking industry, the net- work of institutions that under- lies all transactions in the world and supports every participant in the financial system, large small.
In a matter of days banks had to change their traditional person-to-person ways – but they also needed to multiply their output, to support the assistance programs that were put in place so that the system did not collapse.
And they achieved both, said this week George Hermann, President and CEO of the Windsor Federal.
“Actually, things are going very well,” he responded to our question. “We are operating our offices from the drive up only, and it hasn't seem to be a problem ...We have more than fifty percent of our staff - a good portion of our back office staff- working remotely, and we have been rotating staff in-and-out, so that we have key people that are in one week, and key people that are working from home one week, so that way if somebody is exposed in whatever, then we don't have to turn around and shut down the operation.”
What is truly amazing, though, is how much work the bank's staff has done in so short a time, and what hey have accomplished, he said.
“We have been working 7 days a week, with staff working 12 to 14 hours, on this Payment Protection Plan program - we are acting participants in that. In 10 days, we have processed and approved 180 commercial applications, and just about 60 million dollars worth of loans. We calculated this preserved of brought back a total of 5,300 jobs.”
To put that into perspective, he noted, 80 commercial loans is normally what Federal Savings is doing in a year.
“I'm really proud for our people and what we've been able to do for the community,” he said. “5,300 jobs, that's a real number.”
The bank is also participating in Governor Lamont's mort- gage relief program, and is already working with individual borrowers, based on need.
Many retail business owners have complained recently that their landlords are pressing them for their rent, although their stores are in many cases closed and cannot generate income, and the newspaper asked the question.
“Part of the Payroll Protection funds can go for things like rent or utilities, and still be forgiven,” Hermann responded. 75% of the loan to be forgiven, has to go towards pay- roll - but it also can be used to pay rent and that money will be forgiven by the government. That was the ideal behind all of this: to keep things going.”
Things have not worked smoothly from the start, Hermann acknowledged.
“Over the period of 10 days we had the rules change five times,” he recalled. “And initially some things were over-promised - that people would get money in their hands immediately, and the system was not set up for that. But things are moving faster now, and the goal is with all the approvals the bank has completed, to get the money to people's hands within 10 days of the approval.
Hermann said that the Small Business Administration has done a great job under the circumstances, but he said that what happened it was frustrating to Banks because the system did not have the capacity to handle all the additional tasks. He also praised Fed Chairman Powell for working to guarantee liquidity in the market.
On the whole he is optimistic, he told the newspaper.
“What everybody needs to keep in mind is that this is not a financial crisis, it's a public health crisis,” he observed. “So the underlying economy going into this was in very good shape, and there are still a lot of fundamentals that are in very good shape.”
That does not mean that businesses getting out of the cri- sis will not have to change the way they operate.
“There is going to be a new normal,” Hermann believes. “[In the banks] We anticipate that our lobby traffic will be down – we will have to keep the appropriate amount of social distancing. We will not be able to have a lot of people in the lobby. One of the things we had was coffee. We won't be able to do coffee because that's a place people get near each other.
“Everybody is looking at things differently,” Hermann noted. “ People are looking at different ways to run their business model, and how they can keep things going. [For example] Looking at the restaurants, they are now doing take-out, and some are actually selling things like groceries.”
And it's amazing how fast large swaths of the economy started working on-line, he noted.
“The fact that we [the bank] are able to get the majority of our people to work remotely in a very short period of time just shows where technology has taken us right now,” he said. “And most don't even realize that someone is not even in the office.”
“[Business] People are very resilient,” Hermann said.
WINDSOR FEDERAL TAKING PRECAUTIONS OVER CORONAVIRUS
WINDSOR, CONN., March 11, 2020 – Windsor Federal is doing its part to help prevent the spread of the coronavirus (COVID-19). The organization recently released the following notice to its customers:
Windsor Federal is actively monitoring all public health guidance regarding the coronavirus (COVID-19) and we will respond as necessary to support the communities we serve.
What Windsor Federal is doing:
- Our branches and office locations are being cleaned thoroughly every day and our team is also taking extra precautions by wiping surfaces.
- We are actively communicating with our staff to keep them informed, as the health and well-being of our customers and our employees are very important to us.
- All Windsor Federal team members have been educated on preventative actions they can take, such as hand washing and cough and respiratory etiquette.
- We are monitoring all employee travel.
- In-branch coffee is temporarily unavailable.
What our customers can do:
- Wash your hands often with soap and water for at least 20 seconds. If soap is not available, use an alcohol-based sanitizer.
- Avoid touching your eyes, nose, and mouth with unwashed hands.
- Avoid close contact with people who are sick.
- Stay home when you are not feeling well.
- Cover your mouth and nose with a tissue when you cough or sneeze, then throw the tissue in the trash and wash your hands.
- Stay connected to your accounts via Mobile and Online Banking. You may access these services from almost anywhere, anytime, to check balances, transfer funds, make payments, and more. Contact our Customer Service Center with questions at 860.688.8511.
For more updates and tips on what precautions you can take, please follow:
- The Centers for Disease Control and Prevention (CDC)
- World Health Organization (WHO)
WINDSOR FEDERAL ANNOUNCES RELOCATION OF ITS ADMINISTRATIVE OFFICES
Move Accommodates Growth of Organization While Maintaining Commitment to
Town of Windsor
WINDSOR, CONN., December 10, 2019 – Windsor Federal’s administrative offices will have a new home in 2020. The organization has signed a lease agreement for 995 Day Hill Road in Windsor and aims to occupy the building by early fall, once renovations are complete.
Currently, Windsor Federal’s executive and administrative offices are housed between two buildings at 250 and 270 Broad Street.
“As we continue to expand our services and reach, we are adding team members and have outgrown our space,” said George Hermann, President & CEO. “The property chosen suits the needs of our employees and our organization well, providing the location and space that will further strengthen our foundation, support our future, and help us to better serve our customers as we grow.”
The main office branch is also located at 250 Broad Street and will remain there, with future plans to be renovated into a state-of-the-art banking facility with modern conveniences for its customers.
Windsor Federal is the only mutual institution with its headquarters in Hartford County.
“As a mutual institution, we cannot be bought,” said Hermann. “Our commitment to our customers and our community is as strong as ever and it is important that we physically position ourselves where we can continue to grow and carry out our mission of helping our neighbors for years to come.”
995 Day Hill Road is the former site of Branford Hall Career Institute and is located next to Fast Pitch Nation. Hartford-based Tecton Architects was selected for the project of transforming the 20,000-plus square foot, single-floor building into a collaborative environment that fosters community and engagement within and between departments.
WINDSOR FEDERAL WELCOMES LAUREN MURPHY AS NEW SENIOR VICE PRESIDENT - CHIEF FINANCIAL OFFICER & TREASURER
(WINDSOR, CONN - October 3, 2019). Lauren Murphy has been named Senior Vice President - Chief Financial Officer & Treasurer at Windsor Federal, headquartered in Windsor, Conn.
“We are thrilled to have someone of Ms. Murphy’s caliber join our organization,” stated George Hermann, President & CEO. “Her leadership, expertise, and strategic vision further enhance our mission of providing a solid foundation in our communities as we continue to evolve.”
Lauren brings over 25 years of accounting and finance experience to Windsor Federal, having been with Savings Institute Bank & Trust for 15 years and most recently holding the position of Chief Financial Officer.
“I am happy to join Windsor Federal,” said Ms. Murphy. “As a mutual institution, I admire the Bank’s standards of excellence and the commitment to its community, and I look forward to contributing to its continued growth.”
Lauren received her Master’s Degree in Business Administration, with a concentration in Finance, from the University of Hartford and is a Certified Public Accountant. She resides in Lebanon, Conn. with her husband and two children. She is an active member of her community and also holds professional memberships with AICPA, CTCPA and FMS.
FREE SHRED DAY
October 19, 2019 from 9:00 am to 1:00 pm
Windsor Federal Savings Loan Center
270 Broad St.,Windsor
(Next to Main Office;Enter on Elm Street)
- Open to Customers and Public
- Limit: 2 Medium boxes or 2 garbage bags
- No Binders or Notebooks.
- Please bring a Non-Perishable food item to benefit the Windsor Food Bank.
For more information call 860-688-8511
Connecticut Banker Heads to D.C. to attend
ABA’s Emerging Leaders Forum
Forum to showcase next generation of bank leaders
WINDSOR, CONN., April 10, 2019 – Nadine Barletta of Windsor Federal Savings in Windsor, Conn., attended the American Bankers Association’s Emerging Leaders Forum on April 1st in Washington, D.C. The forum, which takes place in conjunction with ABA’s Washington Summit each spring, focuses on growing the industry’s future leaders through professional development, empowerment and advocacy.
During the forum, next generation bank leaders had the opportunity to exchange business strategies and career best practices while discussing the challenges currently facing the banking workforce. In addition, bankers participated in discussions on leadership development, professional growth and advocacy.
“I was pleased to represent Connecticut at ABA’s Emerging Leaders Forum, which showcases a new group of industry thought leaders,” said Barletta. “The forum allowed bankers from all across the country to come together, gain a new perspective on leadership, and accelerate their roles as leaders.”
Keynote speakers included Betsy Hubbard, co-founder and CEO of Mindset Digital, who led a discussion on effective business communication strategies. Dr. Kathy Pearson, president and founder of Enterprise Learning Solutions, led a discussion about strategic agility and how to rapidly adapt to change in the banking industry. Captain Florent Groberg, a Medal of Honor recipient and Retired US Army captain, ended the meeting with an awe-inspiring story of heroism and leadership that culminated with a standing ovation.
Other highlights from the Forum included a panel of top banking leaders moderated by American Bankers Association President and CEO Rob Nichols, with Jill Castilla, CEO and vice chairman of Citizens Bank; Richard M. Adams Jr., president, United Bankshares; and Cathy Owen, chairman, Eagle Bank and Trust Company. The panel discussed their experiences in leadership and how they achieved their own personal and professional successes.
Representative Trey Hollingsworth from Indiana’s 9th Congressional District took time away from Capitol Hill to lead an engaging session on the importance of building relationships with policymakers in a way that drives home the positive impact banks have on their communities. Finally, bankers attending the conference had the opportunity to participate in a community service event where school supplies and financial literacy materials were packed in backpacks to be donated to a local Washington, D.C. school.
ABA’s Washington Summit hosts the largest conference of bankers in Washington, and is held in conjunction with the ABA Mutual Community Bank Forum and Women’s Leadership Forum.
FREE SHRED DAY
April 27, 2019 from 9:00 am to 1:00 pm
Windsor Federal Savings Loan Center
270 Broad St.,Windsor
(Next to Main Office;Enter on Elm Street)
- Open to Customers and Public
- Limit: 2 Medium boxes or 2 garbage bags
- No Binders or Notebooks.
- Please bring a Non-Perishable food item to benefit the Windsor Food Bank.
For more information call 860-688-8511
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WINDSOR FEDERAL SAVINGS WELCOMES NEW VICE PRESIDENT OF RESIDENTIAL & CONSUMER LENDING
David Iannucci Brings Strength and Leadership to Community Bank
(WINDSOR, CONN - December 13, 2018). David Iannucci has been named Vice President of Residential & Consumer Lending at Windsor Federal Savings, headquartered in Windsor, Conn.
“David brings to Windsor Federal valuable industry experience and a reputation for being a strong team leader and change agent,” stated Luke Kettles, SVP & Chief Loan Officer. “He will be instrumental in modernizing our residential consumer lending technology platforms and overall loan process, which will enhance the customer experience.”
David most recently was Vice President of Residential Mortgage Lending at First National Bank of Suffield, which was recently acquired by PeoplesBank. There, he oversaw all residential and consumer loan operations. His experience in the financial services industry also includes loan servicing consulting, quality control, and compliance auditing. He has supported successful product launches and implemented sales and marketing strategies to drive growth.
“I am thrilled to take on this role,” said David. “Like Windsor Federal Savings, my goal is to be on the cutting edge of industry advancements to meet the growing needs of the communities we serve and the generations to come.”
David holds Bachelor’s Degrees in Political Science and Communication Sciences, with a concentration in Government Communications and Public Policy, from the University of Connecticut. He resides in East Granby, Conn. with his wife, Amanda, and their four daughters. He is an active board member for East Granby Economic Development Commission, the Bradley Regional Chamber of Commerce, and the East Granby Land Trust.
LYNNE STANLEY PROMOTED TO ASSISTANT VICE PRESIDENT
CASH MANAGEMENT OFFICER
(WINDSOR, CT - November 8, 2018). Lynne Stanley has been promoted to Assistant Vice President, Cash Management Officer at Windsor Federal Savings, headquartered in Windsor, Conn.
“In her new role, Lynne will continue to work to identify and design solutions to meet our customers’ needs and expectations, and to help us stay competitive as we grow,” stated Luke Kettles, SVP & Chief Loan Officer. “In her tenure at Windsor Federal Savings, Lynne has been a driving force in the design of various commercial banking products and provided our customers with a high level of individualized service that they appreciate, recognize, and have grown to depend upon.”
Lynne joined Windsor Federal Savings in 2008 as Business Banking Officer with over 25 years of prior work experience in the retail and business development areas, and has most recently held the position of Commercial Relationship Officer. A Business graduate of Becker College in Mass., Lynne also continued to develop her banking career through the two-year Connecticut School of Finance and Management program.
“I look forward to continuing to grow the cash management area of the bank,” said Lynne. “I enjoy working with our commercial customers and it is my personal mission to make Windsor Federal the ‘Bank of Choice’ for business banking services.”
Lynne resides in Granby, Conn. with her husband, daughter, and two dogs. Lynne has been actively involved in community activities that promote the Bank and/or assist in business development, including having served as Windsor Federal United Way Chairperson and Co-Chair of the Windsor Chamber of Commerce Ambassador Committee. Lynne is currently Treasurer of Windsor’s First Town Downtown.
NATHAN ADAJIAN PROMOTED TO ASSISTANT VICE PRESIDENT
COMMERCIAL LOAN OFFICER
(WINDSOR, CT - November 9, 2018). Nathan Adajian has been promoted to Assistant Vice President – Commercial Loan Officer at Windsor Federal Savings, headquartered in Windsor, Conn.
“Nate has played an integral role in the expansion of the commercial portfolio since joining Windsor Federal three years ago,” stated Luke Kettles, SVP & Chief Loan Officer. “He has leveraged his solid and efficient analytical skills, high quality standards, and ability to build effective relationships with loan officers and customers alike, to contribute to the growth of the commercial loan business.”
Nate has a multi-faceted background, including commercial and retail banking as well as audio engineering. Nate earned his degree in audio engineering from SAE Institute of Technology in Miami, Fla. He spent several years as Lead Engineer at a recording studio in Shelburne Falls, Mass. and toured nationally with various regional acts before entering the banking industry. A graduate of Granite State College in New Hampshire, Nate holds a Bachelor’s Degree in Business Administration and a Master’s Degree in Project Management. Additionally, he earned a Loan Operations Diploma and Supervisor Diploma through the Center for Financial Training (CFT).
“I am looking forward to expanding my knowledge, growing through new situations, making new connections, and continuing to help my customers and the commercial loan business to succeed,” said Nate of his new role.
Nate resides in Plainville, Conn. with his wife and daughter. He is the former Treasurer of Young Professionals of Windsor and is a volunteer with Blind Dog Rescue Alliance.
FREE SHRED DAY
October 20, 2018 from 9:00 am to 1:00 pm
Windsor Federal Savings Loan Center
270 Broad St.,Windsor
(Next to Main Office;Enter on Elm Street)
- Open to Customers and Public
- Limit: 2 Medium boxes or 2 garbage bags
- No Binders or Notebooks.
- Please bring a Non-Perishable food item to benefit the Windsor Food Bank.
For more information call 860-688-8511
MAUREEN SULLIVAN NAMED VP RETAIL OPERATIONS AT WINDSOR FEDERAL SAVINGS
(WINDSOR, CT – April 16, 2018). Windsor Federal Savings is proud to announce the promotion of Maureen Sullivan to Vice President – Retail Operations.
“Maureen’s extensive retail banking experience has allowed her to successfully take on additional responsibilities”, George Hermann, President and CEO of Windsor Federal Savings stated. “We are confident in her abilities to lead our retail banking division and are pleased to recognize her achievements with this promotion.”
Joining Windsor Federal Savings with over 10 years of prior retail banking experience, Maureen rapidly advanced within her career from part time Teller to Branch Manager by taking advantage of bank educational opportunities and receiving recognition for her outstanding customer service capabilities. In 2014, she graduated as Valedictorian of the Connecticut School of Finance and Management, a two year comprehensive bank industry educational program that trains future leaders. In July 2017, she was promoted to Asst. Vice President.
Maureen, a 28 year resident of Windsor, currently serves as an Ambassador for the Windsor Chamber of Commerce and served on the Board of Directors of the Windsor Education Foundation.
FREE SHRED DAY
April 28, 2018 9:00 am to 1:00 pm
Windsor Federal Savings Loan Center
270 Broad St.,Windsor
(Next to Main Office;Enter on Elm Street)
- Open to Customers and Public
- Limit: 2 Medium boxes or 2 garbage bags
- No Binders or Notebooks.
- Please bring a Non-Perishable food item to benefit the Windsor Food Bank.
For more information call 860-298-1413 or 860-688-8511
WINDSOR FEDERAL SAVINGS PARTNERS WITH THE INTERVAL HOUSE
TO HELP OFFER HOPE & BREAK THE CYCLE
(WINDSOR, CT – February 26, 2018). Windsor Federal Savings, a community based financial institution, has partnered with the Interval House, a non-profit organization dedicated to ending domestic violence and providing services that will prevent and break the cycle of family and intimate partner abuse. Windsor Federal Savings will be holding a donation drive through the month of March, accepting donations of personal care items, diapers, and new twin sized bed sheets.
Jon Kozloski, Branch Officer in the Suffield Office of Windsor Federal Savings, says we are committed to help those that are not able to help themselves. "In this day and age domestic abuse is still prevalent in our society, and must end. It’s unfortunate to know there are people in this world that are afraid to live in their own home because of their domestic partner. Partnering with the Interval House, is a step in the right direction. Letting those individuals know that it’s okay to seek help and asylum from their toxic situations, to let them know there is hope, and there are people determined to break that cycle."
NADINE BARLETTA JOINS WINDSOR FEDERAL SAVINGS AS VICE PRESIDENT, LOAN ADMINISTRATION & OPERATIONS
(WINDSOR, CT – February 21, 2018). Windsor Federal Savings is pleased to announce that Nadine Barletta has been named as Vice President - Loan Administration & Operations.
Nadine brings nearly twenty years of commercial lending and operations experience with her to Windsor Federal. Her most recent position, with United Bank, focused extensively on commercial and residential loan servicing in northern Connecticut. According to Nadine, that experience taught her that customer satisfaction is vitally important, especially at a community-focused bank like Windsor Federal: “my job is to make sure that we’ve met our customer needs and expectations – and that our decisions don’t just make good business sense, but are good for the community, as well.”
Luke Kettles, SVP & Chief Loan Officer of Windsor Federal Savings, said: “Nadine is a true team-player who brings valuable experience to us from her years in the industry, and beyond. She is a great addition who will make a positive impact for us, both internally, and with our customers, as well.”
Nadine lives in Vernon with her husband and their beloved golden retriever.
WINDSOR FEDERAL SAVINGS ANNOUNCES TAX REFORM BONUSES, MINIMUM WAGE INCREASE
(WINDSOR, CT – December 21, 2017) With the signing of the tax reform bill into law all employees of Windsor Federal Savings with the exception of senior management will receive a one-time special bonus of $250. This bonus will coincide with their raising the hourly minimum wage of all full-time employees to $15.00 per hour.
George Hermann, President and CEO of Windsor Federal Savings, says the bank has a positive outlook on the economy due to the tax reform. “The relief that this tax bill provides to business should help to spur our economy, and is important to building meaningful, long-term growth in Connecticut, and beyond. The awarding of these bonuses and our minimum wage increase is our way of sharing our optimism with our most important asset: our valued employees.”
FREE SHRED DAY
October 21, 2017 9:00 am to 1:00 pm
Windsor Federal Savings Loan Center
270 Broad St.,Windsor
(Next to Main Office;Enter on Elm Street)
- Open to Customers and Public
- Limit: 2 Medium boxes or 2 garbage bags
- No Binders or Notebooks.
- Please bring a Non-Perishable food item to benefit the Windsor Food Bank.
For more information call 860-298-1413 or 860-688-8511
MICHAEL R. GRANDFIELD JOINS WINDSOR FEDERAL SAVINGS AS VICE PRESIDENT, COMMERCIAL LENDING AND BUSINESS DEVELOPMENT OFFICER
(WINDSOR, CT –May 23, 2017). Windsor Federal Savings is pleased to announce that Michael R. Grandfield has been named as Vice President – Commercial Lending and Business Development.
Mike is an experienced, community bank lender with a diverse background that spans over twenty-five years within the banking industry. His most recent position with Berkshire Bank was as Senior Vice President – Middle Market Lending where he was responsible for a portfolio of $125 Million dollars, as well as, the marketing and underwriting of new business opportunities including commercial real estate and commercial and industrial loans throughout the western Massachusetts and northern Connecticut region. Mike’s position at Berkshire Bank was by way of a merger with Hampden Bank where he previously worked as a VP, Commercial Lender for over 13 years.
Luke Kettles, SVP & Chief Loan Officer of Windsor Federal Savings, said: “Mike comes to Windsor Federal Savings as a proven team player and contributor. His strong background and experience in community banking complements our seasoned team, as we continue to focus on providing the best possible “home town” banking experience for our business customers in north-central Connecticut and western Massachusetts.”
Mike is an active contributor in the community including as board member of Futureworks, Inc. and as the Past President of the West Springfield/Agawam Chamber and the Agawam Rotary Club, where he was awarded the Paul Harris Fellow by the Agawam Rotary Club. He was also a Massachusetts Governor’s Point of Light Award recipient in recognition of his community involvement. Mike and his wife Kelly reside in Suffield with their four children.
FREE SHRED DAY
April 29, 2017 9:00 am to 1:00 pm
Windsor Federal Savings Loan Center
270 Broad St.,Windsor
(Next to Main Office;Enter on Elm Street)
- Open to Customers and Public
- Limit: 2 Medium boxes or 2 garbage bags
- No Binders or Notebooks.
For more information call 860-298-1413 or 860-688-8511
GEORGE HERMANN, PRESIDENT & CEO, CONNECTICUT BANKER ATTENDS TREASURY MEETING
TO DISCUSS REGULATORY CHALLENGES FACING COMMUNITY BANKS
(WINDSOR, CT – April 6, 2017) George Hermann President & CEO, joined a delegation of community bankers from across the country to meet senior Treasury officials to explore unnecessary and outdated regulations that are hindering economic growth and making it more difficult for banks to serve their customers and communities.
During the meeting, bankers had the opportunity to discuss a range of topics, including the importance of the community bank business model; ensuring regulation is tailored to institutions’ unique characteristics, mortgage finance reform, the ability of community banks to raise capital and other important issues.
“Community banks play a critical role in driving our nation’s economic growth, and I was pleased to represent Connecticut in this important meeting,” said Hermann. “We were able to offer Treasury officials important perspective on common-sense regulatory changes that would allow banks like mine to better serve their customers and communities.”
This meeting comes less than a month after several community bank leaders met with President Trump and his economic leaders at the White House to discuss regulatory challenges faced by community banks. The Treasury meeting was pursuant to an executive order from President Trump for the Treasury secretary to review financial supervision and rules.
George Hermann currently serves as Treasurer of the American Bankers Association’s and is President of the Connecticut Community Bankers Association. He was joined by other ABA bank members from ABA’s Board of Directors and banker committees.
FREE SHRED DAY
October 22, 2016 9:00 am to 1:00 pm
Windsor Federal Savings Loan Center
270 Broad St.,Windsor
(Next to Main Office;Enter on Elm Street)
- Open to Customers and Public
- Limit: 2 Medium boxes or 2 garbage bags
- No Binders or Notebooks.
For more information call 860-298-1413 or 860-688-8511
NEW WINDSOR FEDERAL SAVINGS LOAN OFFICE OPENS IN SUFFIELD
(WINDSOR, CT –September 27, 2016). Windsor Federal Savings announced today that they are opening a brand-new loan center in Suffield, at 112 Mountain Avenue, adjacent to their Suffield branch. An opening later this fall is planned.
“Our Suffield location has shown consistent growth since it’s opening earlier this year, and with that growth has come a very strong demand for loans of all kinds” said George Hermann, President and CEO of Windsor Federal Savings. He continued: “providing the full range of services to the communities we serve is part of who we are as an organization, and we’re very excited to be opening this local loan center. Whether it’s in person or online, our goal is to provide a level of customer service that is second to none, and we look forward to serving our customers – no matter where they are located.”
The new loan center continues the steady growth that Windsor Federal has seen in recent years, and signifies the dedication that Windsor Federal has to the communities it serves. President and CEO Hermann said: “While many banks are closing branches and downsizing, we’ve maintained our customer-focused, community based approach, and strong growth, and our expansion in Suffield reflects that.”
LUKE KETTLES JOINS WINDSOR FEDERAL SAVINGS AS CHIEF LOAN OFFICER
(WINDSOR, CT –September 12, 2016). Windsor Federal Savings is pleased to announce that Luke D. Kettles has been named Senior Vice President and Chief Loan Officer.
With over 23 years of commercial and residential lending experience, Luke comes to Windsor Federal from his position as Commercial Regional Executive at Berkshire Bank where he was responsible for the management of the middle-market regional team within the Pioneer Valley and Northern Connecticut markets. Prior to that, Luke was Chief Lending Officer with Hampden Bank, and was integral to their successful transition during its merger with Berkshire Bank.
George Hermann, President and CEO of Windsor Federal Savings, said: “Luke comes to Windsor Federal Savings as a proven leader and contributor. His strong background and experience in our industry will complement our already-strong team, as we continue to focus on providing the best possible banking experience for our residential and commercial neighbors in north-central Connecticut and the Pioneer Valley.”
Luke is an active contributor to community service, with organizations that include Boy Scouts of America, Westfield State University Foundation, Rotary, and many others. He is also a coach of youth soccer and Little League baseball in Suffield, where he and his family reside.
NEW WINDSOR FEDERAL SAVINGS SUFFIELD BRANCH ANNOUNCED
(Windsor, CT, February 11, 2016) – Windsor Federal Savings will open a brand new location in Suffield this Spring, the bank announced today.
The full service, state-of-the-art branch will offer a complete array of banking services to meet the needs of both residential and commercial customers, and will be staffed by experienced Windsor Federal team members. “Being a good neighbor is one of our core values, a foundational principle, and our involvement in Suffield reflects that commitment” said George Hermann, President and CEO of Windsor Federal Savings. “Suffield has a great sense of community, and we look forward to building a strong partnership with residents and businesses alike. We are truly excited to be there.”
The new branch will emphasize a modern and efficient banking experience, while continuing the great customer service that Windsor Federal is known for. It will be located at 112 Mountain Road in Suffield, with a Grand Opening planned in late spring.