Our History

The Grassroots Beginnings of
Northwest Community Bank

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, now Northwest Community Bank has branches in Avon, Granby, New Hartford, Simsbury and Torrington—as well as a nationally recognized academic branch in Northwestern Regional School No. 7 High School.

Committed to Our Customers, Employees & the Community

Our Mission

Our Mission as a locally owned community bank is to build a culture where all people are valued and employees are empowered to deliver superior financial products and services to satisfy the needs of consumers and small businesses.  We are committed to remaining financially strong and maximizing the benefits to our customers, employees and the community.

Our Vision

Our Vision is to remain a strong, competitive and growing community bank that has a visible presence and a positive impact in the communities we serve.

Affiliation and Strength
– Connecticut Mutual Holding Company

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.

Deepening Our Roots and Our Commitment
– Northwest Community Bank

In addition to offering a range of consumer and commercial banking services, we actively support community charities and nonprofit institutions. Our directors, officers, managers and other staff volunteer for boards, committees and activities of libraries, schools, the arts, Chambers of Commerce, Rotary and other organizations 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 more—and sponsor many community events.

Since the 1860s, Northwest Community Bank has been a mutual saving bank operating for the benefit of our depositors. True to our roots, we value our customers and the communities in which we live and work. We believe it’s your community—and your Northwest Community Bank! Contact us to see how we can serve you.