Union Savings Bank

Union Savings Bank was founded in 1866 by a group of Danbury’s leading citizens including James S. Taylor, the Bank’s first President. James was a descendant of Thomas Taylor, patriarch of one of the eight original families that founded Danbury. It was their purpose to organize an institution for the encouragement of thrift and the safeguarding of the savings of their friends and neighbors.

JUNE 20, 1866
On June 20, 1866 the Legislature of the State of Connecticut authorized the incorporation of the Bank, which the founders decided should be a mutual savings institution known as the Union Savings Bank of Danbury. The Civil War had recently ended and the name, no doubt, was suggested by the preservation of the union of these United States. And, in fact, time has proven that in Union there is strength. But the word “mutual” is also vitally important in describing the kind of bank our savings bank is. The word “mutual” means we have no stockholders and that Union Savings Bank belongs to its depositors – who share in its net earnings. Another aspect of mutuality is the inherent quality of trust built into our mission.

JULY 23, 1866
Three weeks after the signing of the incorporation papers, the Corporators of the Bank met to establish the Bank officially. It was decided that the Bank should open on July 23, 1866. The bank was first located in trustee Samuel Stebbins’ store on Main Street in Danbury.

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MARCH 29, 1887
As the Bank grew, so did the necessity for more space. Well-respected architects Berg & Clark of New York City won a competition to design a new facility at 226 Main Street and it was built in 1886. On Tuesday, March 29, 1887 Union Savings Bank moved into the “United Banks Building.”

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1925 – 1927
The impressive 3-story, terracotta brick structure, designed in the Romanesque Victorian style, was originally co-owned and occupied by Union Savings Bank and the National Pahquioque Bank. In 1925, Union Savings Bank expanded and now became the only bank in the building, occupying the entire first floor. The signature Tiffany-style McClintock chime clock was added in 1927. The upstairs once housed the high-school, a 500-seat ballroom, and the YMCA.

Since 1983, the building has been listed on the National Register of Historic Places as part of the Main Street Historic District of Danbury. It still houses our Main Office, and is completely occupied by Union Savings Bank.

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In August 2018, Union Savings Bank began the process of reorganizing from a mutual savings bank to a mutual holding company with the goals of making USB stronger, preserving its mutuality and positioning the bank for future growth. In January 2019, after receiving a majority vote from our depositors and regulatory approvals, the reorganization was completed.

Over the years, Union Savings Bank grew steadily throughout western Connecticut. And in 2010, a merger with The First National Bank of Litchfield (FNBL), the oldest nationally chartered bank in the state of Connecticut, expanded the Union Savings Bank branch offices. FNBL was created at the birth of our country in 1814, with Benjamin Tallmadge, George Washington’s spymaster during the Revolutionary War, serving as one of the founding fathers. It remained a driving force behind Litchfield County’s growth for 196 years.
The merger was finalized on April 7, 2010. Together, the resulting bank boasts over 340 years of collective banking experience and deep-rooted traditions of helping customers and communities grow and thrive. This transaction is a natural progression which will offer Union Savings Bank customers access to enhanced financial services within a broader geography, while preserving the legacy of community banking in western Connecticut.

The steady growth and stability of the Bank is a tribute to the foresight of the men who founded it. The successful management of Union Savings Bank over the last 150 years, during times of achievement and prosperity as well as depression and disaster, can be credited to all of the Officers who have served since 1866, and to the public-spirited, civic-minded citizens who have served as Trustees and Corporators.

It is because of this strong leadership and commitment by our employees that over the last six years the Bank and the USB Foundation have contributed more than $6 million back into our communities and volunteered thousands of hours to local non-profits. Our unwavering dedication to serve our customers with progressive banking products while making decisions that reflect our knowledge and passion for our local communities differentiate Union Savings Bank.

Our record of safety, together with a reputation for progressive outlook and excellent service to customers make Union Savings Bank the bank of choice in western Connecticut. But Union Savings is a more than a bank. It is a forward-thinking institution of trustworthy, dependable advisors unified by our tradition of helping customers and communities grow and prosper financially; now and for generations to come.

Union Savings Bank and the USB Foundation have contributed more than $6 million back into our communities and volunteered thousands of hours to local non-profits.
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“Union Savings Bank, serving the local area since 1866”
The Union Savings Bank building.
The original Union Savings Bank building was a wood-frame building located at 226 Main Street, Danbury. On a map of Danbury in 1855, the present location of 226 Main Street was occupied by a bank building.

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In 1855, the architectural firm of Palliser and Palliser of New York City proposed a two-story building with two banks on the 1st floor, offices on the 2nd floor, and a pitch roof to be used as an attic. The proposal was abandoned.

The firm of Berg & Clark from New York City were the architects of the present building erected on June 29, 1886, a building jointly owned by Union Savings Bank and the National Pahquioque Bank. Meticulously kept records show the contractors who erected the building as follows:

Contractor – P.E. Reed of Hartford
Painting – James Crawford of New York City
Tin roofing – L.D. Manchester of Danbury
Steam heating apparatus and all plumbing – J. M. Ives Company
Vault – Hall Safe & Lock Company of Cincinnati (original vault still in use)
Those records also documented the schedule and milestones completed:

Monday June 29, 1886 – Began digging foundation
July 27 – Started brick walls
August 31 – Woodwork begins
November 24 – Roof and all outside work completed
On Tuesday, March 29, 1887, after the first floor was completed, Union Savings Bank moved into the “United Banks Building” located at 226 Main Street, Danbury. The new building was a three-story brick building (52 x 75 feet) in the Romanesque Victorian style. As reported in the Danbury News Times on February 2, 1887, “One of the latest built and perhaps the most prominent edifice on Main Street is the new bank building occupying the lot adjoining the First Congregational Church to the north.”

Initially the building was co-owned by Union Savings Bank and the National Pahquioque Bank, with Union Savings Bank using half of the first floor via the south corner as entry, and National Pahquioque Bank using the other half with the north corner as entry. Ten independent offices were accessible from Main Street through the central entry to the second floor, and a Men’s Club was located on the third floor.

The Bank building has been renovated three times, with meticulous care taken to preserve and maintain the original architectural details.

In 1925, Union Savings Bank expanded and was now the only bank in the building, occupying the entire first floor. The expansion resulted in revisions to the staircase that accessed upper floors and was relocated to the north entry, and the main entry was relocated to the center of the building. The south entry was replaced by a window. Also added was the prominent Tiffany-style McClintock chime clock, located outside the main entry on Main Street.

In 1970, as a result of a bomb attack and robbery, the vault and area around it needed repair. A one-story addition was built at the back of the building that included a separate entry, the ceiling was lowered with acoustic tiles and fluorescent lights, and a drive-up window was added.

In 2003, renovations included raising the ceiling to maximum height, replacement of the original mechanical systems and replacement of the teller counter (keeping the style of 1925). During this renovation, pieces of frieze and molding from the original lobby were discovered and protected with Christo wrap. The building has been listed on the National Register of Historic Places as part of the Main Street Historic District of Danbury and is considered a historical landmark in the City of Danbury.


The mutual savings bank was founded as the Union Savings Bank of Danbury by a group of Danbury citizens including James S. Taylor, the bank's first president. The Legislature of the State of Connecticut authorized the incorporation of the bank on June 20, 1866.

bank on June 20, 1866.
Founded: 1866
Industry: Community bank, Wealth management
Headquarters: Danbury, Connecticut
Area served: Connecticut

Since founded in 1904, Union Savings Bank has been serving the local community by promoting responsible home ownership through prudent lending. We are headquartered in Cincinnati, Ohio, where we began, and currently operate 35 full-service branches and lending offices in Ohio, Indiana, Kentucky, and Pennsylvania.

Our simple approach of providing the best value to our customers has driven incredible growth for our organization over the past 30 years. It has also helped us earn the reputation as one of the top mortgage lenders in Ohio and will allow us to continue to grow in Indiana, Kentucky, and Pennsylvania.

Our financial institution stands out from larger ones because we have the freedom to be more flexible and personalized. Unlike large corporate banks, we get to know our community members and their personal situations before making decisions about whether a loan is right for you.

Our employees are highly trained to provide personalized financial service and will take your unique budget and lifestyle needs into consideration. You can count on us to make recommendations that will help you and your family achieve your financial goals.

We value our customer family and look forward to helping you with your mortgage and personal banking needs.

Want to join Union Savings? Visit our employment page for more information.


Lizzie Andrew Borden (July 19, 1860 – June 1, 1927) was an American woman tried and acquitted of the August 4, 1892 axe murders of her father and stepmother in Fall River, Massachusetts.[1]

No one else was charged in the murders, and despite ostracism from other residents, Borden spent the remainder of her life in Fall River. She died of pneumonia at age 66, just days before the death of her sister, Emma....

Lizzie Andrew Borden[a] was born July 19, 1860,[3] in Fall River, Massachusetts, to Sarah Anthony (née Morse; 1823–1863)[4] and Andrew Jackson Borden (1822–1892).[5] Her father, who was of English and Welsh descent,[6] grew up in very modest surroundings and struggled financially as a young man, despite being the descendant of wealthy and influential local residents. He eventually prospered in the manufacture and sale of furniture and caskets, then became a successful property developer. He was a director of several textile mills and owned considerable commercial property; he was also president of the Union Savings Bank and a director of the Durfee Safe Deposit and Trust Co.[7] At his death his estate was valued at $300,000 (equivalent to $9,000,000 in 2019).[8][9]