CFSB Bancorp (NASDAQ:CFSB) is the bank holding company for Connecticut’s First Bank, a community-focused financial institution headquartered in New London, Connecticut. Established in 1851 as the Bank of East Lyme, the company has evolved through a series of mergers and acquisitions to serve both residential and commercial customers across New London County and the surrounding region. Over its long history, CFSB Bancorp has maintained a commitment to local economic development, supporting small businesses, nonprofit organizations, and individual clients through tailored financial solutions.
Through its subsidiary, Connecticut’s First Bank, CFSB Bancorp offers a comprehensive suite of banking products and services. These include personal checking and savings accounts, certificates of deposit, and money market accounts designed for everyday banking needs. On the lending side, the company extends residential mortgages, home equity lines of credit, consumer loans, and commercial lending to businesses of varying sizes. In addition, the bank provides treasury management services, merchant processing, and SBA loan programs to help local enterprises manage cash flow, streamline payments, and fuel growth.
Complementing its core deposit and loan offerings, CFSB Bancorp has invested in digital banking technologies to meet the evolving expectations of its customers. Online and mobile banking platforms enable account holders to view balances, transfer funds, and deposit checks remotely, while secure payment solutions facilitate efficient transactions for both personal and business clients. The bank also offers wealth management services through experienced financial advisors, helping clients with retirement planning, investment management, and trust administration.
Leadership at CFSB Bancorp emphasizes community engagement and prudent risk management. The board of directors and executive team bring deep regional experience, combining decades of banking expertise with a local perspective on economic trends. Under their guidance, the company continues to balance traditional relationship banking with strategic investments in technology, aiming to foster long-term stability, support local growth initiatives, and deliver reliable financial services to residents and businesses throughout southeastern Connecticut.
