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Putnam Bank advocates "Bank Local, Buy Local"
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October 12, 2011: As America’s largest banks announce plans to impose fees on debit card users, Thomas A. Borner, Chairman and CEO of Putnam Bank, reminds the community that this is the perfect time to join the “go local” movement by banking with a local community bank. “Our customers can be assured that Putnam Bank will not be imposing fees on debit cards. That’s not what community banks do”, stated Borner. Customers who switch from the big banks will discover the plethora of benefits that come from banking with a community bank, including the relationship-based banking experience, superior customer service, and the pride that comes with reinvesting in their own community.

“By going local and banking with a community bank, consumers can make a real difference in the lives of their neighbors and the future of the community,” Borner stated. He added, “They’ll be making a hometown investment of which they can be proud. The money they deposit in their community bank will be reinvested in ways that drive their local economy, as in the form of loans to local residents who want to buy a home or to small business owners who want to open a shop on Main Street.”

“As small businesses themselves, Putnam Bank and other community banks only thrive when their customers and communities thrive”, continued Borner. By providing exceptional customer service and products, Putnam Bank is part of the fabric of the community and is dedicated to supporting local residents and businesses and reinvesting in our hometowns.

Putnam Bank, originally chartered in 1862, is a $487.2 million federally chartered and insured stock bank. Putnam Bank has branch offices in Putnam, Pomfret Center, Danielson, Plainfield, Griswold, Gales Ferry and Norwich. It also operates a full-service loan center in Putnam. For more information call (800) 377-4424 or visit www.putnambank.com.