Press Release

Savings Bank of Danbury named a Top Small Business Administration Lender by the Hartford Business Journal

DANBURY, CT, ISSUED JULY 13, 2020…Savings Bank of Danbury has been named a top Small Business Administration (SBA) Lender for Fiscal Year (FY) 2019 in the rankings published by the Hartford Business Journal.

The list appeared in the June 15, 2020 edition of the magazine.

This accomplishment comes on the heels of another recognition by the SBA, when Savings Bank of Danbury was also selected as the U.S. Small Business Administration’s Lender of the Quarter for the third quarter of fiscal year 2019.

In 2020 during the COVID-19 business shutdown and disruption, Savings Bank of Danbury has assisted hundreds of companies and helped preserve thousands of jobs through their participation in the SBA Paycheck Protection Program (PPP.) They continue to support small businesses as they navigate the emerging regulations of the PPP.

“Small businesses are the backbone of our community and we are committed to meeting their banking needs,” said Martin G. Morgado, President and Chief Executive Officer of Savings Bank of Danbury.  “We hope that everyone is supporting their hometown businesses during this turbulent time and we look forward to working with our local businesses now and in the future.”


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. Stamford Mortgage Company, a division of Savings Bank of Danbury, has a local office on Summer Street in Stamford.  Savings Bank of Danbury is committed to serving their community.