From Greenwich to Granby and beyond, we have been having a major economic impact in Connecticut for years. We were somewhat a best-kept business secret until recently. — Tom Senecal, President & CEO, PeoplesBank
Tom Senecal is on a mission to make business banking simple. “We know how to do it. It’s a combination of having the most innovative business banking tools and technologies backed up with an incredibly experienced team of commercial bankers.”
As a mutually chartered bank with no stockholders diverting profits, PeoplesBank continues to invest in itself as well as the communities it serves. “It is definitely unique for a community bank like ours to be on the leading edge of technology,” Tom suggested. “It’s something we have been doing for years. We were one of the first community banks to invest in digital banking technologies and now it is what attracts a lot of customers to us. Digital banking technologies help provide our customers with a frictionless experience.” In fact, PeoplesBank recently won an award for its online banking offerings.
Then there is the commercial and business banking team. “We have an incredibly talented and experienced group,” Tom stated. “They have assisted just about every business type and have a track record of success that goes back decades.” According to Tom, his commercial bankers become a critical part of the business owner’s team – trusted advisors who can help identify solutions to a variety of business banking needs. Having a trusted advisor on your business team is simply an advantage, he feels.
That certainly helps explain PeoplesBank’s success in Connecticut, which represents close to 60% of its commercial loan portfolio. “From Greenwich to Granby and beyond, we have been having a major economic impact in Connecticut for years,” Tom explained. “We were somewhat a best-kept business secret until recently.” The secret is no longer a secret, as PeoplesBank continues to expand its footprint in the state, recently opening a new banking center at 102 LaSalle Road in West Hartford. The bank has also announced more than $60,000 in donations for charitable and civic causes in that area.
In summarizing PeoplesBank’s future, Tom is still focused on simply doing more. “We have been named a ‘Best Local Bank’ year after year. I believe we earn that award every year through service – service to the community and service to our customers. That has worked for us so far, and we will do more of it in the future.”
