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Home > Company Index > Banking > Banking - Northeast > Connecticut Bancshares, Inc.

Connecticut Bancshares, Inc.
Nasdaq: SBMC
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 PROFILE
Connecticut Bancshares is the holding company for The Savings Bank of Manchester. Founded in 1905, the bank offers traditional savings and loan services through more than 20 offices located primarily in Hartford County in central Connecticut. The bank's deposit products include savings and checking accounts, money market accounts, and CDs. Residential mortgages account for almost 60% of the bank's loan portfolio, which also includes commercial and multifamily real estate, business, and consumer loans. The bank has subsidiaries that own real estate, service mortgages, and own stakes in a third-party broker-dealer. Connecticut Bancshares is buying rival First Federal Savings and Loan Association of East Hartford.

 COMPETITION
First Federal Savings and Loan Association of East Hartford (FFES)
FleetBoston Financial Corporation (FBF)
Webster Financial Corporation (WBST)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 105.40
1-Yr. Sales Growth: 19.4%
Employees: 377
Revenue per employee: $279,575.60

 KEY PEOPLE
• Richard P. Meduski
    CEO
• Michael J. Hartl
    CFO

 CONTACT INFO
923 Main St.
Manchester, CT 06040
US
Phone: 860-646-1700
Fax: 860-645-2696
Online: Web Site

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