Charter Oak Bank is a locally managed community bank organized under the laws of the state of Connecticut and traded on the OTC Markets under the symbol CHOB. The bank focuses on relationship-based banking, serving individuals, families and small to medium-sized businesses in the state with personalized financial solutions. Its governance structure includes a board of directors composed of business and civic leaders from the communities it serves, ensuring decisions are made with local insight.
The bank’s core offerings include a range of deposit products, such as checking accounts, savings accounts, money market accounts and certificates of deposit. On the lending side, Charter Oak Bank extends residential mortgage loans, home equity lines of credit, consumer installment loans and commercial loans tailored to support the working capital needs and growth plans of local businesses. These services are designed to meet both everyday banking needs and longer-term financing requirements.
With branch locations situated throughout southeastern Connecticut, Charter Oak Bank emphasizes accessibility and community engagement. In addition to its physical branches, the bank provides online and mobile banking platforms that allow customers to view account balances, transfer funds, pay bills and deposit checks remotely. This blend of digital convenience and in-person service supports the bank’s goal of fostering strong, long-lasting customer relationships.
Charter Oak Bank’s leadership team is committed to community development and economic growth within its service area. By maintaining a conservative risk profile and prioritizing local decision-making, the bank seeks to deliver stable returns to shareholders while contributing to the financial well-being of the communities it serves.
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