Fairfield County Bank spotlights Astacio Plumbing and Heating of Norwalk at 150th Annual Meeting

Fairfield County Bank held its 150th annual meeting at the Silver Spring County Club. Those in attendance included the board of directors, the board of directors and the management of the bank. The annual meeting is held to brief the founding members on the bank’s financial well-being, past year success and growth, and strategic plans for the year ahead.

The annual meeting opened with comments from Ralph L. DePanfilis, Chairman of the Board, and welcomed the participants. David A. Schneider, CEO, and Daniel L. Berta, President, presented the bank’s financial data, product and service offerings, innovations across the company and community engagement. One of the highlights of the presentation was a review of the strong financial position of the bank up to 2020 by Mr. Schneider.

Mr Berta raised several topics, including the bank’s commitment to Fairfield County during the COVID-19 pandemic. Fairfield County Bank processed 100% of the 1,850 Paycheck Protection Program (PPP) loans requested by the bank. In turn, the $ 240 million in PPP loans supported 20,000 local jobs during the pandemic.

President Daniel Berta highlighted the key facets of what Fairfield County Bank is and how these core values ​​were upheld in 2020. During his discussion, Mr. Berta also highlighted one of the bank’s clients, Astacio Plumbing and Heating, whose owner Richard Astacio has been in the banking business with Fairfield County Bank since 2014.

Richard focused in his Client Spotlight video on how the personal relationship he developed with Lisa Bancroft helped him grow his growing business. Astacio Plumbing and Heating was also one of the local companies to get a PPP loan from the bank.

Mr Berta announced that the bank has donated $ 10,000 to SPHERE on behalf of the group companies. SPHERE of CT helps adults with developmental disabilities achieve their dreams. SPHERE’s programs improve the quality of life by delivering rich experiences and a strong community that the bank is proud of.

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