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Hartford Savings Bank

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Hartford Savings Bank

Mission statement:

It is the intent of the Board of Directors to operate as a state chartered mutual savings bank for the benefit of its member savings and mortgage customers. The bank will continue to attract funds at competitive rates in order to create a supply of funds that will be available to area individuals, builders, and real estate investors at competitive and reasonable rates.

The philosophy of the Bank is to provide our customers with financial services in a friendly, personal, and accommodating manner through employees dedicated to providing quality financial services to a segment of the market that prefers to have "someone they know and trust" handling their investments.

The Hartford Savings Bank has, and will continue, to dedicate itself to these principles.

History:

November 1916, Hartford Savings Bank was incorporated as the Hartford Building and Loan Association. It was located at 23 South Main Street, had 3 employees including Ed Schauer, Secretary / Treasurer and Manager and held assets of $6,660.

In 1952, with Fred Schauer in charge, it became the Hartford Savings and Loan Association.

In 1975, the headquarters was moved to 55 East Sumner Street and had grown its assets to over $11,800,000.

Robert F. Klockow became President in 1985.

The name changed to Hartford Savings Bank in 1992.

In December 1997, the headquarters moved to a new facility at 1400 Schauer Drive and had grown dramatically to over $126,000,000 in assets.

In 1998, Kenneth R. Braun became President and CEO.

In 1999 the bank employed over 40 people in 4 locations with assets over $143,000,000.

Today, Hartford Savings Bank employs 48 people and has assets of over $245,000,000.

Hartford Savings Bank obtains funds principally through the savings of customers. It is a mutual association and does not have stockholders. Hartford Savings Bank is FDIC Insured and is an Equal Housing Lender.

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