Savings Bank of Danbury Named One of Connecticut’s Top Ten Mortgage Lenders for 2018
DANBURY, CT, ISSUED MAY 3, 2019…Savings Bank of Danbury (http://sbdanbury.com), a mutual savings bank headquartered in Danbury with 15 branch locations throughout Connecticut, has been named one of the top ten mortgage lenders for loans originated in 2018.
Every year, The Warren Group, publisher of the Commercial Record, compiles the top ten mortgage lenders among Connecticut’s credit unions, banks and mortgage companies, ranked by the number of loans and loan volume in several origination categories. The Savings Bank of Danbury originated 24 commercial real estate loans, a category which does not include multifamily or commercial and industrial loans, for a total volume of more than $17.1 million, according to data from The Warren Group.
“The greater Danbury area enjoys a diversified economy and our customer base has done well,” said Savings Bank of Danbury’s Chief Administrative Officer Nicholas J. Gazetos. “They are adding to their real estate portfolios and lower Fairfield Country continues to see growth.”
Gazetos noted that the bank tends to do more loans under $5 million and in a number of different categories including conventional owner-occupied and investment real estate loans and 504 loans in partnership with the U.S. Small Business Administration.
About Savings Bank of Danbury
Established in 1849 and headquartered at 220 Main Street, Danbury, Savings Bank of Danbury is a mutual savings bank with assets in excess of $1 billion. Savings Bank of Danbury has 15 branch offices in Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Southbury, Stamford, and Waterbury, as well as lending offices in Farmington, Simsbury, Wallingford, and West Hartford. Stamford Mortgage Company, a wholly owned subsidiary, has a local office on Summer Street in Stamford. Savings Bank of Danbury is committed to serving their community.
For more information about Savings Bank of Danbury, visit www.SBDanbury.com or on Facebook at www.facebook.com/SBDanbury.