In 2001, Northwest Community Bank and Litchfield Bancorp formed Connecticut Mutual Holding Company, preserving the unique qualities of the individual banks while strengthening their ability to meet the needs of their communities, customers and employees. In 2010 Collinsville Savings Society became the third affiliate of Connecticut Mutual Holding Company.
In 2021, the three banks began operating under one charter as Northwest Community Bank; Litchfield Bancorp – A Division of Northwest Community Bank; and Collinsville Bank – A Division of Northwest Community Bank. This consolidation increased the presence, capabilities and commitment to northwest Connecticut and the Farmington Valley.
Today Northwest Community Bank is a mutually owned state-chartered bank, headquartered in Winsted. The bank has branches in Avon, Granby, New Hartford, Simsbury, Torrington, and an academic branch at Northwestern Regional High School in Winsted. Litchfield Bancorp – A Division of Northwest Community Bank has branches in Litchfield, Lakeville, Torrington and Watertown; and Collinsville Bank – A Division of Northwest Community Bank has branches in Collinsville, Canton and Farmington.