Essex Savings Bank Announces New Name, Prepares to Celebrate 175th Anniversary

ESSEX–The Essex Savings Bank is shortening its name. 

The institution, which has a branch in Old Lyme, announced it will be known as Essex Bank as of Oct. 1. Its new logo is shown at left.

President and CEO Diane Arnold in a press release said the new name better reflects the bank’s expanding services, including trust and wealth management services. 

“As we prepare to celebrate our 175th anniversary, we have been listening closely,” Arnold said. “Again and again, our customers tell us, ‘You are so much more than a savings bank.’ And they are right.”

The bank was founded by a group of local shipmasters, businessmen, and entrepreneurs in 1851. The bank said the founders’ tenets of highly personal service hold today, with team members answering each customer phone call, and the Bank’s Community Investment Program – which it said is the first of its kind in the state of Connecticut — supporting hundreds of local nonprofit organizations each year.

Essex Savings Bank is an FDIC-insured, state-chartered, mutual savings bank established in 1851. The Bank serves the Connecticut River Valley and shoreline with six offices in the area. Apart from the Old Lyme one, the remaining offices are in Essex (2), Chester,  Madison, and Old Saybrook.

Together the offices provide a full complement of personal and business banking. In addition, the bank has been instituting more modern technologies, digital platforms, and lifestyle features.

Along with the October name change, Essex Bank will also launch a new website with expanded resources for customers to understand their banking options.