Message from the President

Our success continues to fund the Essex Savings Bank Community Investment Program, comprised of up to 10 percent of our after-tax net income that has been distributed to over 200 different qualified non-profits in our community over the years. Since inception in 1996, the Bank will have contributed $4.36 million, of which a portion was based directly by customer ballot selections. Consequently, the better we perform in any given year, the better our community does through this partnership. Likewise, we support these local groups by donating our time and talent – serving as board members and volunteers to various non-profits and civic groups.

In addition to the Bank’s successes, our Trust Division now manages assets exceeding $320 million and has brought revenue to $1.7 million – both are record levels. Additionally, Essex Financial Services reported gross revenue of $18 million for the fiscal year ending September 30, 2017. Assets under management or administration were $3.4 billion at year-end. Providing independent, comprehensive wealth management and financial planning services along with corporate retirement plan services, its 19 Financial Advisors work diligently with their clients to help them achieve their long term financial goals. If you have not yet taken advantage of their expertise, I would encourage you to do so.

Essex Savings Bank continues to thrive proudly going into our 167th year. We never lose sight of our forefathers’ goal – striving to build long-term relationships while maintaining a safe financial harbor for the long haul. This philosophy guides the decisions that we make every day and the way that we conduct all of our business.

We thank our clients, directors, trustees, officers and staff who support our mission to continue to provide valued service and trust to our community.

Sincerely,

Gregory R. Shook
President & Chief Executive Officer