News Releases

2011 | 2010 | 2009

December 21, 2009: The Putnam Bank Foundation has donated $1,000 to the Daily Bread Food Pantry and volunteers from Putnam Bank’s Board of Directors, Thomas Borner, Robert Halloran, Richard Loomis, John Miller and Jay Sinha dedicated their time to support them in their efforts to assist those in need in the community. view entire press release

October 30, 2009:  Tom Borner, Chairman and CEO of Putnam Bank, and his wife, Kathy Borner, joined the 100 bankers and families who kicked off the American Bankers Association Annual Convention in Chicago by building a Habitat for Humanity home in nearby Glendale Heights, Illinois. view entire press release

October 23, 2009: PSB Holdings, Inc. (the “Company”) (NASDAQ: PSBH), the holding company for Putnam Bank, reported net income for the quarter ended September 30, 2009 of $404,000 or $.06 per basic and diluted share as compared to a net loss of $4.0 million or $.64 per basic and diluted share for the quarter ended September 30, 2008.  view entire press release

October 16, 2009: Putnam Bank treated the city and community to a Grand Opening celebration honoring the bank’s eighth and newest branch Wednesday evening, October 15, at 40 High Street in downtown Norwich. view entire press release

September 11, 2009: Putnam Bank is proud to announce the staff promotions of two key employees. view entire press release

September 4, 2009: With the addition of a full service branch in downtown Norwich on Wednesday, September 2, Putnam Bank closed the gap between its Griswold office and the bank’s southernmost branch in Gales Ferry. view entire press release

June 8, 2009: Putnam Bank has been selected for the 2009 Best of Putnam Award in the Commercial Banks category by the U.S. Commerce Association (USCA).  view entire press release

May 14, 2009: PSB Holdings, Inc., parent company of Putnam Bank, has said “thanks, but no thanks” and passed on the expected $7.8 million in aid offered by the Treasury under the Troubled Asset Relief Program (TARP) Capital Protection Plan.  view entire press release

April 23, 2009: PSB Holdings, Inc. (the “Company”) (NASDAQ: PSBH), the holding company for Putnam Bank, reported net income for the quarter ended March 31, 2009 of $712,000 or $.11 per basic and diluted share as compared to $921,000 or $0.15 per basic and diluted share for the quarter ended March 31, 2008, a decrease of $209,000, or 22.7%.  view entire press release

April 14, 2009: Putnam Bank announced today that it will open its first full-service branch office in Norwich, Connecticut in late summer 2009. view entire press release

April 6, 2009: Putnam Bank recently held its Annual Employee Awards Ceremony to recognize and celebrate the achievements of its employees. view entire press release

March 26, 2009: The Putnam Bank Foundation has donated $3,500 to Opera New England of Northeastern CT, Inc. d/b/a Performing Arts of Northeastern Connecticut, towards their two children’s performing arts educational programs. view entire press release

March 9, 2009:  The Putnam Bank Foundation recently contributed $5,000 to the Three Rivers Community College Scholarship Endowment Fund, the second annual installment of its $25,000 pledge.  view entire press release

February 27, 2009:   Putnam Bank recently celebrated the opening of its new Gales Ferry Branch Office at 2 Chapman Lane. view entire press release

February 24, 2009:  The Putnam Bank Foundation has donated $2,500 to Nutmeg Big Brothers Big Sisters for ongoing support of their mentoring programs for over 150 at-risk children in Northeast Connecticut, including the towns of Putnam, Killingly, Pomfret and Plainfield.  view entire press release

February 17, 2009: Putnam Bank will hold a Ribbon Cutting ceremony to celebrate the opening of its new Gales Ferry Branch Office at 2 Chapman Lane, on Wednesday, February 25, 2009 at 8:00 am.  view entire press release

February 13, 2009: Nutmeg Big Brothers Big Sisters, Connecticut’s premiere youth mentoring organization, recently presented a Community Partnership Award to Putnam Bank.  view entire press release

February 9, 2009: Putnam Bank is pleased to announce that Lisa Balter has joined the Bank as Branch Manager/Officer of its newly relocated Gales Ferry office at 2 Chapman Lane, which was recently acquired from the Savings Institute.   view entire press release

January 29, 2009: Putnam Bank recently presented a check for $625 to The Last Green Valley, representing the funds raised from two promotions held by the Bank to benefit the non-profit organization.  view entire press release

January 22, 2009: PSB Holdings, Inc. (the “Company”) (NASDAQ: PSBH), the holding company for Putnam Bank, reported net income for the quarter ended December 31, 2008 of $2.0 million or $.31 per basic and diluted share as compared to $685,000 or $0.10 per basic and diluted share for the quarter ended December 31, 2007, an increase of $1.3 million, or 187.4%.   view entire press release

January 22, 2009: Putnam Bank has donated a total of $2,000 to local Fuel Banks, representing the result of its recent “Warm Your Neighbor” Holiday campaign. view entire press release

January 15, 2009: The Putnam Bank Foundation has made a $1,000 donation to the Aspinock Historical Society of Putnam for its preservation project of the historic Cady Copp Home. view entire press release