A SHORT HISTORY

Way, way back in 1850, eight local businessmen came to agree on a simple principle: The financial needs of the poor and middle classes should be better served. So, they founded what has become Litchfield Bancorp.

In the beginning, there was just one employee to handle all the transactions, and there was a $400 cap on deposits. We shared a building and a lobby with another, now extinct, local bank. Within 15 years, however, the bank’s deposits had grown to $250,000. And by the 1950s, assets had reached $7 million.  (Now, they’re around $200 million and growing.)

Even in its earliest years, the Bank had strong roots in the community. Two physicians, a bank cashier, a state legislator, the town physician, the ex-editor of the town newspaper and a member of the board of the local agricultural society were all part of the bank’s leadership. To this day, Litchfield Bancorp remains an integral part of the community, and everyone at the bank, from the president on down, is deeply committed to community service.