Northwest Community Bank has maintained a strong trajectory of growth with assets approaching the $1.1 billion mark. With the loyal support of our customers, dedicated employees and insightful leadership, we deepened our already strong position. Under one bank charter with our Divisions – Collinsville Bank and Litchfield Bancorp – Northwest Community Bank met and exceeded our established goals. As a mutual institution, we have sustained the core values we were founded upon and are distinctly different from regional and national banks. We ended 2022 with healthy earnings and a strong balance sheet.
Serving Our Commercial and Personal Customers
While sustaining our tradition of building relationships with all of our customers, we have increased the ability to provide larger commercial loans and serve a greater number of businesses and consumers. We continue to invest in products, services, technology and training to compete – and offer the best service possible.
We also are constantly introducing new products, technology updates, security measures and communications. At the same time, we are active participants in many community organizations and events.
Expanding Our Support to Community
The Northwest Community Bank Foundation was funded and organized on Jan. 1, 2022, as a separate nonprofit entity. The Foundation extends the Bank’s ability to contribute to nonprofit agencies and organizations working in the communities we serve.
As a mutual savings bank, it is our mission to give back to the communities we serve. In 2022 the new Foundation awarded 66 grants totaling $425,000. Combined with the $300,000 donated through the Bank’s traditional Corporate Giving Program, the Bank contributed $725,000 to nonprofit organizations in our market area.
Recognizing the Talent and Dedication
in Our Management and Employees
Our most valuable assets are our people. From our newest Universal Banker, through every department, to the managers and executives, we have benefitted from their professionalism and team effort. They are the bedrock of our success. Their efforts have left us well positioned to address the global, domestic, local and personal conditions that affect us all.
Last fall, the Board of Directors embarked on a comprehensive search for the next President and CEO. [President Steve Reilly expressed his plan to retire on Sept. 1, 2023.] Following a thorough process and search, the bank’s current Executive Vice President and Chief Operating Officer, Maura Malo, has been selected to become President and CEO in September. We could not be more pleased to promote from within and are confident we’ll experience a smooth, seamless transition of leadership.
We are committed to continuing our prudent management, and are most appreciative of our loyal customers and dedicated employees. Our customers are our best ambassadors, and we could not be more grateful for that.
Since our founding, we have experienced many challenges and changes, and today we are equipped and prepared to address the times ahead.
Member FDIC
NMLS ID #510148
