Guilford Savings Bank to merge with Eastern Connecticut Savings Bank.​

Guilford Savings Bank, a mutual savings bank, agreed to merge with Eastern Connecticut Savings Bank, a provider of personal and business banking services. Financial terms were not disclosed.​ “This is a tremendous opportunity to bring together two historic community banks with shared core values and create both scalability and strength to better service our clients. Together, we will continue our legacy of charitable giving, volunteerism and helping our neighbors reach their financial goals," Timothy Geelan, Guilford Savings Bank CEO.