The Connecticut Bank And Trust Company (MM) (NASDAQ:CTBC)
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The Connecticut Bank and Trust Company, (NASDAQ: CTBC),
today announced the formation of a business alliance with the firm of
Savino, Sturrock & Sullivan Financial, LLC. ("SS&S"), a financial
services firm specializing in asset management, located in East
Hartford, Connecticut. CBT Chairman and CEO David A. Lentini said,
"The two firms will work together to provide clients with a
combination of sophisticated financial solutions and superior banking
services."
SS&S President Kenneth Savino stated, "Our business focuses on
providing very specialized investment advisory and financial planning
to business owners and high net worth individuals. Our business model
aligns perfectly with that of CBT." He added, "Both firms will benefit
from the combined array of services they can now provide to
customers."
SS&S operates from its headquarters at 207 Pitkin Street, East
Hartford, Connecticut. It was founded in 1988 and currently has $600
million assets under management. The firm's five principals and staff
service customers throughout Connecticut. Additional information about
SS&S may be found at www.sss-ct.com.
The Connecticut Bank and Trust Company, with headquarters in
downtown Hartford, Connecticut, is committed to providing high level
personal service, primarily to privately owned businesses and
consumers. CBT provides both commercial and personal services from its
Hartford location as well as centers in West Hartford, Glastonbury,
Newington and Vernon, Connecticut, and on the web at www.thecbt.com.
Statements contained in this release, which are not historical
facts, may be considered forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from those currently anticipated,
due to a number of factors which include without limitation the
effects of future economic conditions, governmental fiscal and
monetary policies, legislative and regulatory changes, changes in the
interest rates, the effects of competition, and other factors that
could cause actual results to differ materially from those provided in
any such forward-looking statements.