First County 165

Throwback Thursday: Savings with something extra

plate_placemat_530996248In 1975, neighbors looking for a new savings account found they could get something extra when they went with First County Bank (then named Stamford Savings Bank)—a four-piece place serving of Dalton Stoneware. Customers could also round out their collection of the 70’s era stoneware by purchasing a buffet platter, serving dish, set of bowls and/or a sugar & creamer set. Given recent interest in retro and vintage design, we wouldn’t be surprised to hear that some of the sets are still in use today!

While we no longer offer dinnerware when opening a new account, we continue to find new and exciting ways to encourage customers to save as with the introduction of our FirstPrize $avings account, which gives account holders a chance to win $1,000 each drawing period. Click here to find out more about the account.

 2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own memories of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

First County 165

Throwback Thursday: Generosity Foils Stamford Grinches 1987

Holiday-Gift-Box-TealIn December 1987, Judith Moriarty, the coordinator for the Shelter Support Service of Gateway Communities Inc. a private, nonprofit community mental health agency in Stamford, arrived at her car to find a horrible surprise. Her car had been broken into and $400 worth of presents for Stamford’s homeless had been stolen.

Judith vowed that she would replace the presents by the time they were scheduled to be distributed, just six days later. The community rallied behind her efforts to replace the presents and in the end, ten times the original number of gifts were donated. Specifically, Stamford Savings Bank employees donated $500 of their own money so that the less fortunate would have a better holiday.

Today, the tradition of employee involvement and volunteerism continues through fundraisers and other community activities.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own memories of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

First County 165

Throwback Thursday: Bank Technology in 1912 – Catches Fraud

Even back in 1891, when we were the Stamford Savings Bank, we were using “high tech” to prevent financial fraud. At that time, the Secretary/Treasurer, J. Howard Bogardus recommended Stamford Savings Bank purchase “card ledgers,” a new technology to track depositor transactions. This purchase paid dividends in 1912 when this technology caught fraudulent activity.

The investigator found the perpetrator used his “ill-gotten gains” to bet on the ponies (horse racing). The “Betting Commissioners” (people who took bets or “bookies”) were said to be “blue over the prospect of losing one of their best customers.” In the New York Times article from April 11, 1912, the subhead stated “His Aged Mother Not Told” – we still wonder if she ever found out what her son was up to.

While new threats including cybercrime and identity theft are discovered regularly, our commitment for ensuring the safety and security of our customers’ finances continues to remain our top priority. For detailed information on how to protect yourself from cybercrime, identify theft and other financial fraud, please go to “Customer Resources” on the First County Bank home page and visit Fraud Prevention Tools or go to firstcountybank.com/efraud-protection. The eFraud Prevention area includes information on how to prevent fraud as well as what to do if you are a victim. Also included are interactive games and educational tools to help you become more aware of how you can prevent fraud.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own memories of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

First County 165

Thursday Throwback – How we Revolutionized data processing in 1966

New ATM for Ferguson Library

Photo caption: Robert Granata, president and COO of First County Bank, and Alice Knapp, interim president of The Ferguson Library, are in the library’s lobby with the new First County Bank ATM.

On April 1, 1966, Stamford Savings Bank “flipped the switch” on new data processing services, becoming the first bank in Stamford processing and storing data online. The results were no joke–the time it took to process a deposit dropped to just three seconds, while transaction accuracy increased.

Technology has continued to evolve at an incredible rate, and First County Bank has kept pace. Today our customers have the ability to deposit checks, transfer money, set automatic payments and even pay with your mobile device using Apple Pay®.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own memories of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

First County 165

Thursday Throwback: Introducing the first Chairman of the Board

Alfred W. Dater President (1924-1938)

Alfred W. Dater
President (1924-1938)

On July 22, 1924 First County Bank’s Board of Directors announced a change of bylaws to establish a new role of “Chairman of the Board,” and make the role of President a paid position. Then President of the Bank, Charles H. Lounsbury, accepted the newly created position of Chairman of the Board, while Alfred W. Dater was voted in as the first paid President of the Bank.

There have been 9 Bank Presidents since Alfred Dater, including former President Reyno A. Giallongo, Jr., who took over the position in 2010 and became Chairman and Chief Executive Officer in 2011. President Robert Granata was appointed to the role in 2014.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own memories of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

First County 165, Miscellaneous

Throwback Thursday – A Tradition of Giving

Our Bank took its first official step toward formal community support in 1895 with a $100 donation to the Stamford Hospital Fund. This is a tradition that we have carried from that day on, to not only be invested in, but also be involved in improving our community.

In 2001, we reinforced our commitment with the establishment of the First County Bank Foundation. 121 years later, our relationship with Stamford Hospital also continues, this past June we sponsored the Stamford Hospital’s Hope in Motion Walk & Run to raise funds for the Bennett Cancer Center.

Our team supporting this year's Stamford Hospital's Hope in Motion Walk & Run

Our team supporting this year’s Stamford Hospital’s Hope in Motion Walk & Run

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own moments of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

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First County 165

Thursday Throwback – A Billion Dollar Bank

housechartAs our branch network continued to expand to serve customers, businesses and families throughout Fairfield County, we crossed a major threshold and became a billion-dollar bank in 2007.

And while First County Bank remained committed to stability and prudent growth, the industry was going through major changes including the introduction of “sub-prime” lending. Understanding the coming year would be financially challenging, the First County Bank team spent much of 2007 ensuring we were positioned to continue as a safe financial harbor for our customers.

As 2007 drew to a close and the mortgage industry went into freefall with the announcement that 20% of major lenders’ sub-prime mortgages had gone into default, at First County Bank we remained as we started – solid and stable, and well positioned for the financial storms to come.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own moments of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

First County 165

Thursday Throwback – Atlantic Street Headquarters

With the Great Depression coming to an end, one sign of the area’s recovery was the opening of Stamford Savings Bank’s new headquarters at 160 Atlantic Street in Stamford.

TBT Atlantic

Newspaper clipping from Stamford Advocate, Tercentenary Edition, 1941

TBT Atlantic-2

Opened in 1940, the building was designed by the firm of Niles & French, and built by the Edward Corning Company, which had been awarded the bid after agreeing to the Bank’s stipulations that all subcontractors used, should be local companies. Upon completion the building housed all
nineteen employees, including six officers and four women.

The Georgian Revival Style building served as our headquarters and operations center until the mid-80s when we moved the administrative and executive offices to 117 Prospect Street. Today, the former headquarters continues to serve customers and community as one of our network of 15 offices throughout Fairfield County.

Stop by our Atlantic Street office for a glimpse back to the past.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own moments of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165

First County 165

Thursday Throwback: Old Red Bank

UntitledIn 1883, 23 years after our founding, the then Stamford Savings Bank purchased property on which it would build their first standalone building. Designed by famed architect Warren Richard Biggs of Bridgeport, the Victorian-style building at 117 Prospect Street in Stamford became known as “The Old Red Bank.”

While we no longer call The Old Red Bank home, we’ve continued to grow and build within Stamford and Fairfield County. Today we have fifteen full service branches, plus a limited access branch for students and faculty of AITE.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own moments of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.

 

First County 165

Thursday Throwback: Writing Our History

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In 2011, in honor of our 160th Anniversary, First County Bank commissioned local author Neal Yates to document the Bank’s history. The result was a 200+ page commemorative book within which Yates captured not just First County Bank’s milestones, but also significant moments in Fairfield County.

2016 is a big year for First County Bank as we celebrate not only our 165th anniversary, but also the 15th anniversary of the First County Bank Foundation. To mark these major milestones we will be digging into the archives, sharing some notable moments from our history on our blog and social media channels every other Thursday. You can follow along, or share your own moments of First County Bank history, by leaving a comment or posting a memory using #FirstCounty165.