History

Our History

Northwest Community Bank - Winsted

Different from a commercial bank with stockholders, community leaders founded Winsted Savings Bank in 1860. In 1875, local business leaders founded Mechanics Savings Bank of Winsted (later Northwest Bank for Savings). Both banks supported the development of Winsted, CT and surrounding towns through savings, loans and personal relationships with their customers. They helped individuals, families, businesses and communities—and later met the need for a branch network and expanded services.

In 1996, the two banks merged into Northwest Community Bank. Headquartered in Winsted, today we have branches in Avon, Granby, New Hartford and Torrington—as well as our nationally recognized academic branch in Northwestern Regional School No. 7 High School. While still deeply committed to our local area, technology now offers our customers services wherever they go, whenever they need them. Even in our mobile society, banking can still be a relationship.

In addition, Northwest Community Bank offers a range of consumer and commercial banking services, as well as support to local charitable institutions. Our directors, officers, managers and other staff volunteer for boards, committees and activities of countless nonprofit organizations: libraries, schools, the arts, Chambers of Commerce, Rotary clubs and foundations. We also make contributions to United Way, YMCA, Northwestern Connecticut Community College Foundation, Special Olympics, American Mural Project, the Tour of Litchfield Hills, Gifts of Love and so many others.

For more than 150 years, Northwest Community Bank has been a mutual saving bank operated for the benefit of its depositors. True to our roots, we value our customers and the communities in which we live and work. It’s your community — and your Northwest Community Bank! Contact us to see how we can serve you.