Connecticut Banking Commissioner Jorge Perez this month signed off on Griswold-based Jewett City Savings Bank’s plan to open a Mansfield branch, its eighth. The bank plans to build a 2,000-square-foot building on leased land at 106 Storrs Road, across from the East Brook Mall. The branch is expected to open late this year or in […]
Connecticut Banking Commissioner Jorge Perez this month signed off on Griswold-based Jewett City Savings Bank’s plan to open a Mansfield branch, its eighth.
The bank plans to build a 2,000-square-foot building on leased land at 106 Storrs Road, across from the East Brook Mall. The branch is expected to open late this year or in early 2027, according to bank President Michael Alberts.
Jewett City Savings studied markets near its existing eastern Connecticut footprint and determined the Mansfield-Willimantic area is underserved by community banks, Alberts said. The new location would also position the bank to serve students and faculty at the nearby UConn and Eastern Connecticut State University campuses.
Commissioner Perez also signed off on Rocky Hill-based Nutmeg State Financial Credit Union’s plan to relocate the former CrossPoint Federal Credit Union’s headquarters in Hamden following the merger of the two credit unions.
Perez signed off on Nutmeg’s plan to close the branch at 105 Sanford Ave. in Hamden — CrossPoint’s former headquarters — and open a branch at 1647 Whitney Ave. in Hamden. The transition is planned for early May.
Nutmeg has 66,360 members and $888.76 million in assets, according to the National Credit Union Administration. CrossPoint has 10,260 members and $157.83 million in assets. The two institutions announced last year that their merger would take effect Dec. 1.
Nutmeg CEO John Holt previously said the move is fulfilling a plan set by CrossPoint leadership to move to a much larger and more advanced branch in Hamden.
“It’s a replacement and a major upgrade,” Holt said. “This is excellent for the members. It’s a better location.”
CrossPoint continues to operate as a division of Nutmeg for now. The operations will more fully combine in April, including CrossPoint locations taking on Nutmeg branding.
