For our Depositors
TSB is FDIC Insured
Understandably, in uncertain times people may become concerned about their money and wonder if it’s safe. Torrington Savings Bank is an FDIC insured bank, and the FDIC insures up to $250,000 per depositor per FDIC-insured bank. Since the FDIC was founded in 1933, no depositor has ever lost a penny of FDIC-insured funds. An FDIC-insured account is the safest place for you to keep your money right now.
For our Borrowers
Mortgage Relief for Existing Loans
We’ve signed on to participate in Governor Lamont’s Mortgage Payment Relief program which gives a 90 day grace period for all mortgage payments, relief from fees and charges for 90 days, and no new foreclosures for 60 days.
Your credit score WILL NOT change if you ask for relief, but enrollment is not automatic, so we need to hear from you to enroll you in this program.
If you have concerns about making your loan payments please contact us at (860) 496-2152 or via email at Collections@TorringtonSavings.Bank.
Please note that email is not a secure form of communication. Only your name, contact information and the nature of your request should be included. Do not include any confidential or sensitive information in an email (account numbers, social security numbers, etc.)
We are still here, lending and able to process applications online for mortgages, refinances (including cash out re-fis), home equity loans and home equity line of credit.
Additionally, we are taking the following relief actions to help you:
- Rate Locks: We will be extending rate lock for 30 days for loan applications currently in process at no charge.
- Loan Commitment Fee: We will be waiving the $400 re-commitment fee for borrowers that must reschedule their Closing or otherwise extend their ability to close during the COVID-19 pandemic.