Company Information

Get to know Savings Institute Bank & Trust

Founded in 1842, Savings Institute Bank & Trust was a full-service community bank headquartered in Willimantic, Connecticut. For over 175 years, it served individuals, businesses, and municipalities throughout eastern Connecticut and Rhode Island. The bank's mission was to provide high-quality financial services and products while remaining committed to its local communities. In December 2018, its parent company, SI Financial Group, Inc., announced a definitive merger agreement with Berkshire Hills Bancorp, Inc. The merger was completed in 2019, and all Savings Institute Bank & Trust branches and operations were subsequently rebranded and integrated into Berkshire Bank.

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Financial BankingPRIMARY
Financial Other Service
Financial Wealth Management

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Savings Institute Bank & Trust

United States

Founded in

1842 (184 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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BVI FSC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.