Farmington, Conn., May 10, 2016 (GLOBE NEWSWIRE) -- Farmington Bank today announced the availability of up to $5 million in low-interest rate loans for qualified small businesses in western Massachusetts. The program aims to target new and existing small businesses in Springfield, West Springfield and East Longmeadow.
“We’re proud to be a part of the greater Springfield community and pleased to be offering new capital to small businesses,” said John J. Patrick, Jr., chairman, president and CEO of Farmington Bank. “Small businesses are the work horses of our economy and we’re committed to helping them succeed and grow.”
Farmington Bank is a preferred Small Business Lender and was recognized by the U.S. Small Business Administration (SBA) as Connecticut’s #1 lender to small businesses and women-owned businesses based on the total number of loans approved during SBA’s most recent fiscal year ending September 30, 2015.
Farmington Bank’s small business loan program includes a low-interest rate and the waiving of the loan application fee for those who open a new business checking account. For details, including rate information or to apply, contact Steven Gardner in Farmington Bank’s East Longmeadow branch office at 413-486-6012, or Nikki Gleason in Farmington Bank’s West Springfield branch office at 413-275-1564, and ask about special western Massachusetts small business financing.
Farmington Bank is a full-service community bank with 23 branch locations throughout central Connecticut and western Massachusetts, with two additional branches scheduled to open in Vernon and Manchester, Connecticut in 2016. Established in 1851, Farmington Bank is a diversified consumer and commercial bank with an ongoing commitment to contribute to the betterment of the communities in our region. Farmington Bank, with assets of $2.7 billion, is a wholly-owned subsidiary of First Connecticut Bancorp, Inc. (Nasdaq:FBNK). For more information about Farmington Bank, visit farmingtonbankct.com.