Barely had inked dried on Hartford Business Journal’s Nov. 10 dispatch (“Banker ReShuffle”) about musical chairs involving seasoned bank officers moving among banks in Connecticut and Massachusetts, than Torrington Savings Bank declared the reshuffle had reached its doors.
The $795 million-asset lender mutually owned by its depositors since its founding in 1868 announced recently that it brought aboard a pair of commercial lenders from rival Union Savings — Eric Erdtmann and Christine Bascetta — to launch its new commercial-lending department.
Erdtmann was Union’s vice president of commercial lending, tending to its Torrington and northwest Connecticut turf. Bascetta was a Union assistant vice president for commercial lending in Torrington and Danbury. Both are now in Torrington Savings’ office at 129 Main St., one of six the bank runs.
Torrington Savings President John Janco said the bank did not directly contact either officer before hiring them. Erdtmann, he said, came by way of a months-long search, while Bascetta reached out to the bank on her own.
