Fairfield County Financial institution held its 150th Annual Meeting at the Silver Spring County Club. The attendees bundled the Board of Directors, The Board of Incorporators, and the Senior Administration of the Bank. The Yearly Assembly is held to advise the Incorporators on the monetary nicely-remaining of the Lender, achievements and expansion above the earlier 12 months and strategic designs of the coming year.
The Once-a-year Assembly was opened with remarks from Ralph L. DePanfilis, Chairman of the Board, welcoming the attendees. David A. Schneider, CEO, and Daniel L. Berta, President, presented on the financials of the Lender, the product and services giving, innovation throughout the organization, and Group engagement. Presentation highlights involved a overview of the sturdy economic place of the Bank as a result of 2020 from Mr. Schneider.
Mr. Berta touched on many matters, like the Bank’s dedication to Fairfield County during the COVID-19 Pandemic. Fairfield County Lender processed 100% of the 1,850 Paycheck Security System (PPP) loans that were asked for of the Financial institution. The $240 million in PPP financial loans, in change, supported 20,000 nearby jobs through the pandemic.
President Daniel Berta highlighted crucial facets of what helps make Fairfield County Lender, and how those core values were being upheld all through 2020. During his dialogue, Mr. Berta also introduced 1 of the Bank’s customers into the spotlight, Astacio Plumbing and Heating, whose operator, Richard Astacio, has been banking with Fairfield County Bank considering that 2014.
Richard, in his shopper highlight online video, focused on the ways in which the personalized partnership he developed with Lisa Bancroft served him expand his escalating small business. Astacio Plumbing and Heating was also 1 of the neighborhood companies that received a PPP personal loan as a result of the Bank.
Mr. Berta introduced that the Financial institution donated $10,000 to SPHERE on behalf of the corporators. SPHERE of CT can help adults with developmental disabilities accomplish their goals. SPHERE’s courses strengthen quality of lifetime by delivering abundant activities and a sturdy neighborhood, which the Lender is very pleased to assistance.
