Putnam Bank Rings the Nasdaq Opening Bell

PB Bancorp, Inc. (Nasdaq: PBBI), bank holding company of Putnam Bank rang the Nasdaq opening bell on Monday, May 2nd, 2016.  Putnam Bank is the only Putnam, CT based, publicly traded company. The ceremony celebrated the reorganization of the company from a two-tier mutual holding company to a fully-public stock holding company.

 “We're delighted and honored to be here today in our celebration of a recent stock offering,” Borner began. He touched on how the company (founded in 1862) has expanded from a local, to a bank with a presence throughout Eastern Connecticut. Borner stated, “It is the dawning of a new day for Putnam Bank, and I'm thrilled to ring the bell to open trading.”

The event was attended by board members, staff and others.

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Putnam Bank, in existence for over 150 years, is a state-chartered and insured stock bank, with assets, including the holding company of approximately $500 million dollars. Putnam Bank has branch offices in Putnam, Pomfret Center, Danielson, Plainfield, Griswold, Gales Ferry, and Norwich. It also operates a full-service loan center in Putnam. For more information call (800) 377-4424, or visit their website at putnambank.com.