# Union Savings Bank

> Union Savings Bank is a Danbury-based community bank serving western Connecticut through personal and business banking, commercial lending, mortgages and wealth management. Its mutual structure supports a long-term community focus; customer services include complimentary FutureTrack financial coaching and digital banking tools.

- **Founded:** 1866
- **Headquarters:** Danbury, United States
- **Founders:** James S. Taylor (Co-founder and first president)
- **Products:** Personal banking, FutureTrack, Home financing, Business and commercial banking, Rapid Loans
- **Notable:** Completed the First National Bank of Litchfield merger on April 7, 2010., Completed a mutual holding company reorganization in January 2019., USB Foundation awarded $693,000 to 80 nonprofits across 34 communities in July 2026.

## Products & services

- **Personal banking** — Checking, savings, money market accounts, CDs, credit cards and digital banking.
- **FutureTrack** — Complimentary goal-based financial coaching for current USB customers, supported by digital resources; relaunched with certified coaches in 2022.
- **Home financing** — Mortgages, first-time homebuyer services and home equity lines of credit.
- **Business and commercial banking** — Deposits, SBA and commercial loans, equipment financing, ACH origination, wires, merchant services and remote check deposit.
- **Rapid Loans** — Small-business term loans and revolving credit lines; the May 2024 announcement specified a $50,000 maximum and decisions within two days for qualified applicants.
- **The Wealth Group** — Financial planning, investment management, trust and estate administration, brokerage and insurance services.
- **GoalGetter** — Youth checking and savings for ages 5-17, with parent-controlled debit cards and no monthly service or overdraft fees; opened in branch with a parent or guardian.

## Achievements

- Completed the First National Bank of Litchfield merger on April 7, 2010.
- Completed a mutual holding company reorganization in January 2019.
- USB Foundation awarded $693,000 to 80 nonprofits across 34 communities in July 2026.
- Reported more than $1.2 billion in commercial loans in its 2023 annual report.

## Latest updates

- **2026-10** — Announced senior commercial lending hires Vinny DiGilio and Jeffery O. Warminsky.
- **2026-08** — Announced the tenth annual Teachers’ Closet school supply drive across all 25 branches.
- **2026-07** — USB Foundation announced $693,000 in grants to 80 nonprofits.
- **2026-04** — Announced participation in three FHLBank Boston homeownership assistance programs.
- **2026-03** — Announced Dr. John M. Murphy as board chairman, effective February 2.
- **2025-11** — Launched GoalGetter youth banking.

## Links

- Website: https://www.unionsavings.com/
- LinkedIn: https://www.linkedin.com/company/union-savings-bank---ct
- Twitter/X: https://twitter.com/unionsavingsct
- YouTube: https://www.youtube.com/user/UnionSavingsBank
- Instagram: https://www.instagram.com/unionsavingsbankct/
- Facebook: https://www.facebook.com/UnionSavingsBankCT

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Profile page: https://yespress.io/union-savings-bank
Published by YesPress — https://yespress.io
Last updated: 2026-10-24