Clinton Savings Bank opens seventh branch in Shrewsbury


Clinton Savings Bank opens seventh branch in Shrewsbury
Clinton Savings Bank’s new branch in Shrewsbury. (Photo/Courtesy Clinton Savings Bank)

SHREWSBURY – Clinton Savings Bank has officially opened its doors for its new branch in Shrewsbury.

The branch is located in the Edgemere Crossing at Flint Pond plaza at 200 Hartford Turnpike. It opened on March 20.

“Clinton Savings Bank, which has proudly served Shrewsbury residents and businesses for over 20 years now, identified Edgemere Crossing as an ideal branch location for its seventh branch due to the bank’s existing ties with the town’s thriving community,” said President and CEO Robert Paulhus Jr.

A community bank since 1851, Paulhus said that the bank’s “stellar reputation” is because they offer more customer-facing and personal service compared to a big bank, for example.

Clinton Savings Bank opens seventh branch in Shrewsbury
Robert Paulhus Jr. (Photo/Courtesy Clinton Savings Bank)

“If you want to do your banking somewhere that knows you and has special knowledge and expertise of their local communities, then Clinton Savings Bank is the one and only choice,” said Paulhus. 

Paulhus noted that the branch incorporates an open design and functionality, which Clinton Savings Bank plans to use in its future buildouts. 

The branch will be led by Shrewsbury Business Development Officer and VP Kathleen Kennedy.

“Since opening our doors less than a week ago, we are grateful for the warm reception we have already received and are excited to be part of such an amazing community,” Paulhus said.

As a community bank, Paulhus said that Clinton Savings Bank offers customers in-branch as well as online and digital solutions to help address their banking preferences. This Shrewsbury branch will offer a variety of consumer and commercial banking products that will support both growing families that call Shrewsbury their home as well as thriving commercial and small business enterprises, he said.

Plus, the location will allow existing customers to have more convenient access to their banking needs, and it will give families and businesses another financial option.

According to Paulhus, by obtaining many of their core deposits locally and making loans to local businesses, Clinton Savings Bank is able to offer exclusive rates on their consumer products, cost savings for business checking accounts and customized commercial loans.

“The new branch is another reminder of the bank’s continued promise to support and invest in the communities we serve,” Paulhus said.

A supporter of their local communities, Clinton Savings Bank has already given back to Shrewsbury. 

Recently, they donated $10,000 to the Shrewsbury Police Department to fund a mobile sign that will alert residents to safety issues, inclement weather and community events.

According to Paulhus, the bank has plans to support Shrewsbury Youth and Family Services in their efforts to provide counseling, prevention and wellness to the greater Shrewsbury area. 

Continued growth over the next several years is one of their goals.

“This Shrewsbury branch expansion allows Clinton Savings to increase our accessibility, making it easier for consumers to take advantage of our quality of service, which in turn allows us to mobilize deposits, increase lending opportunities and increase our customer base,” Paulhus said.

The new branch has lobby hours of 9 a.m. to 4 p.m. Monday through Friday and extended hours until 5 p.m. on Thursday. On Saturday, the lobby will be open from 9 a.m. to noon.

Their drive-up service features two lanes is open at 8 a.m. on weekdays. There is also a drive-up ATM available 24/7.

All deposits at Clinton Savings Bank are 100% fully insured without limit or exception. Each depositor is insured by the FDIC up to $250,000. All deposits above the FDIC insurance amount are insured in full by the Depositors Insurance Fund (DIF). 

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Clinton Savings Bank holds ribbon cutting for Shrewsbury branch

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