About Us

The Concept
Directors
Investor Banks
Advisory Board
Peter J. Sposito, CEO
Allen L. Nielsen, EVP 
Richard B. Lockwood III, EVP
Charlotte Hansen, SVP/CFO
Richard J. Nurge, VP
Elissa G. Reynolds, SVP
Susan W. Salecky, SVP
Megan L. Desso, AVP
Richard C. Layman, AVP
Peter T. Garland, CCO
Support Staff
Contact Us
What's New

Peter Sposito has over 40 years in banking with an emphasis on sales management and depository institution market development.  He is recognized both regionally and nationally for his diverse expertise within the correspondent banking arena.  He has had extensive interaction with the CEOs and CFOs of banks, thrifts and credit unions throughout the Northeast.  Mr. Sposito has a strong working knowledge of the national payment system, lending, investments, operations, systems, regulatory compliance and software selection and conversions.

Mr. Sposito began his career with the Hartford National Bank and the Connecticut National Bank as Manager of the Correspondent Banking Group. In his position he directed all the business activity for the Connecticut and National markets.   After a merger with Shawmut Bank, he was elected to lead the Correspondent Banking Divisions in Boston and Hartford. Shawmut was recognized as the largest domestic correspondent bank in New England.

In 1994 Mr. Sposito recognized an opportunity to provide community banks with a collection of correspondent services.  Dramatic changes in the banking industry had negatively impacted traditional correspondent banking activity.  His research led to the formation of a bankers' bank; the sole purpose of which is to meet the financial, operational and business needs of community banks by working as a business partner not as a competitor. After an exhaustive due diligence process,appropriate capital was raised and a charter was granted by the State of Connecticut on September 8, 1998.  Mr. Sposito was elected President / CEO and Director of the new entity. 

In 2006, he was appointed a Director of the Independent Community Bankers Association, the ICBA. He is serving his second term of office and currentlly is assigned to the Congressional Affairs Committee. He serves as treasurer of the Connecticut Farmland Trust, a not for profit organization that works to preserve farmland throughout the State. He is active in St. Dunstan Church, Glastonbury, Connecticut. He and his wife Susan reside in Glastonbury.

Mr. Sposito graduated from Manhattan College with a Bachelor of Science in Business Administration -  Major in Accounting.  He completed his graduate degree at the University of Connecticut where he received an MBA in Marketing.