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First County Bank

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First County Bank
First County Bank
It's Where You Belong
IndustryFinance
FoundedStamford, Connecticut, U.S. (1851)
Area servedFairfield County, Connecticut
HeadquartersStamford, Connecticut, U.S.
Key PeopleRobert J. Granata, Chairman & CEO
Number of EmployeesApproximately 250
Revenue~1.9 Billion USD
Websitewww.firstcountybank.com

First County Bank is a bank that conducts business primarily in Fairfield County, Connecticut, United States, and is headquartered in Stamford, Connecticut. The Bank has more than 220 employees, assets in excess of $1.9 billion,[1] and is a 2016-2018 Women's Choice Award and 2020-2022 Top Workplaces Award winner.[2] First County Bank is a full-service bank. It provides wealth management services through First County Advisors, the Wealth Management Division of First County Bank.[3]

Branches

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First County Bank operates 14 full-service branches in Fairfield County, Connecticut: seven in Stamford; two in Norwalk; and one each in Darien, Greenwich, New Canaan, Westport, and Fairfield.

In 2016, First County Bank opened and operated a limited-access branch at the Academy of Information Technology and Engineering high school, in Stamford, CT. It provided students with an opportunity to learn and perform banking functions. The branch was staffed by high school students who were enrolled in financial literacy education classes and learned banking skills through the internship program. The branch was open only during school hours, with banking services limited to students and faculty members.

History

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On September 20, 1851, First County Bank was founded as the Stamford Savings Bank and elected its first president, Theodore Davenport. Stamford Savings Bank made loans for the construction and purchase of homes as well as safeguarded and invested the money of Stamford's residents.[4][5]

In 1875, Judge John Clason was elected a corporator of Stamford Savings Bank and was immediately made a director. He donated $10,000 to the Ferguson Library and $43,000 in securities to build a hospital in Stamford.

In 1883, the Bank's board voted to build the first Stamford Savings Bank. The building was called "The Old Red Bank" and was constructed by architect Warren R. Briggs.

In 1909, Schuyler Merritt, who became a U.S. Congressman, was elected a corporator of Stamford Savings Bank. The Merritt Parkway, a historic limited-access parkway in Fairfield County, Connecticut, was named after him.

In 1961, Stamford Savings Bank opened its first branch office in Darien. The Bank opened a second branch in 1968 and continued to open branches throughout the early 1980s.[6]

In 1989, the bank changed its name from the Stamford Savings Bank to First County Bank, to better serve other growing towns in Fairfield County.[7]

In 1995, the bank introduced a trust and investments division.[8]

In 2001, First County Bank commemorated its 150th anniversary by establishing the First County Bank Foundation, Inc.

In 2011, Richard E. Taber retired as First County Bank chairman and chief executive officer. First County Bank Foundation, Inc. established the Richard E. Taber Citizenship Award which awards three $5,000 scholarships to college-bound local high school graduating seniors. Katherine A. Harris was appointed as First County Bank's first female President and Chief Operating Officer. Under her leadership, the Bank grew from six to 15 branches. Reyno A. Giallongo, Jr. became First County Bank's Chairman of the Board and Chief Executive Officer, and President of the First County Bank Foundation.[9][10][11][12]

In 2012, First County Bank consolidated its trust and investments division into a new subsidiary, First County Advisors.[8]

In 2014, Harris retired and Robert J. Granata was appointed as President and Chief Operating Officer of the Bank.[13][14][15]

In 2016, Giallongo was appointed by the Federal Reserve Bank of New York as a member of the Community Depository Institutions Advisory Council. First County Bank becomes the first independent community bank to receive the Women's Choice Award for Financial Advisors and Firms.[16][17][18]

In 2019, Giallongo retired and Robert J. Granata was named Chairman of the Board and Chief Executive Officer, and Willard M. Milley was appointed President and Chief Operating Officer.[19]

References

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  1. ^ "BankFind Suite". banks.data.fdic.gov. Retrieved 2023-01-05.
  2. ^ "First County Bank Profile". Top Workplaces. Retrieved 2023-01-05.
  3. ^ Yates, Neal E. The Feeling Is Mutual. New Hartford, CT: Yates Communication, 2011. Print.
  4. ^ The Feeling is Mutual, by Neal W. Yates – First County Bank history book
  5. ^ "History". First County Bank. Retrieved 2017-07-16.
  6. ^ "The Stamford Historical Society, Photo Archivist's Selection of the Month, February 2002, The C.O. Miller Company". Stamfordhistory.org. 1970-09-14. Retrieved 2017-07-16.
  7. ^ "Picturesque Stamford 1892, The Stamford Savings Bank". Stamfordhistory.org. Retrieved 2017-07-16.
  8. ^ a b Bissell, Jennifer (2012-11-06). "Stamford community bank launches advisory unit". Westfair Communications. Retrieved 2023-01-05.
  9. ^ "The Richard E Taber Citizenship Award". Scholarships.com. Retrieved 2017-07-16.
  10. ^ "First County Bank Names Scholarship Winners". Commercial Record. Retrieved 2017-07-16.
  11. ^ "Daily Voice Leaders: Reyno Giallongo Jr., CEO, First County Bank". Fairfield Daily Voice. Retrieved 2017-07-16.
  12. ^ Reyno A. Giallongo Jr. (2011-07-29). "Reyno A. Giallongo Jr.: Executive Profile & Biography". Bloomberg. Retrieved 2017-07-16.
  13. ^ "First County Names Operating Chief". Institutional Investor. 2011-07-25. Retrieved 2017-07-16.
  14. ^ "Robert J. Granata, First County Bank". Sbfi.org. 2014-07-14. Retrieved 2017-07-16.
  15. ^ Robert J. Granata (2014-07-03). "Robert J. Granata: Executive Profile & Biography". Bloomberg. Retrieved 2017-07-16.
  16. ^ "Women's Choice Award - Find Brands Most Recommended". Womenschoiceaward.com. Retrieved 2017-07-16.
  17. ^ Reece Alvarez (2016-03-15). "First County Bank CEO appointed to New York Federal Reserve Bank Advisory Council - Westfair Communications". Westfaironline.com. Retrieved 2017-07-16.
  18. ^ First County Bank Executive Management Report as of December 31, 2016
  19. ^ "First County Bank makes personnel change". CT Insider. 2014-07-12. Retrieved 2023-01-05.
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