Union Savings Bank
Danbury, Connecticut, Western Connecticut County
$3.3B in total assets, the 400th largest of 4,309 US banks and 4th of 27 headquartered in Connecticut.
- FDIC certificate
- 18190
- Established
- 1866
- Owned by
- Usb Bcorp Inc
- Primary regulator
- FDIC
- Website
- https://www.unionsavings.com
At a glance
Compared with 14 banks headquartered in Connecticut with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.3B | 86% | $1.8B | |
| Loans | $2.4B | 86% | $1.4B | |
| Deposits | $2.5B | 86% | $1.4B | |
| Return on assets | 0.69% | 43% | 0.77% | |
| Net interest margin | 3.10% | 14% | 3.45% | |
| Efficiency ratio | 69.7% | 43% | 72.4% | |
| Equity to assets | 9.87% | 36% | 10.79% | |
| Loans to deposits | 94% | 29% | 99% |
Growth
Total assets grew 2.2% a year over the last 5 years and 4.2% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2010 | The First National Bank of Litchfield Litchfield, CT | $522M |
| Nov 1992 | Greenwood Bank of Bethel, Inc. Bethel, CT | $33M |
Where they operate
26 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Western Connecticut County, CT | $1.9B | 2.9% | 8 of 24 |
| Northwest Hills County, CT | $486M | 13.7% | 3 of 9 |
| Greater Bridgeport County, CT | $72M | 0.6% | 13 of 16 |
| Naugatuck Valley County, CT | $67M | 0.5% | 14 of 16 |
| Capitol County, CT | $54M | 0.1% | 22 of 24 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 1 branch since 2016 (27 to 26, −3.7%). 1 opened, 0 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 27 | |||
| 2017 | Closed New Milford | 0 | 1 | −1 | 26 |
| 2022 | Closed Brookfield | 0 | 1 | −1 | 25 |
| 2023 | Opened Norwalk | 1 | 0 | +1 | 26 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 45% | 30% | |
| 1-4 family residential | 36% | 43% | |
| Multifamily | 12% | 10% | |
| Construction and land | 4% | 5% | |
| Business (C&I) | 1% | 9% | |
| Consumer | 0% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 44% | 52% | |
| Noninterest-bearing | 28% | 23% | |
| Time deposits | 28% | 25% |
Brokered deposits are 2.9% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.29% | 0.49% |
| Net charge-offs, annualized | -0.01% | 0.01% |
| Reserves to loans | 1.02% | 0.98% |
| Leverage ratio | 11.48% | 11.22% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Connecticut
Largest competitors in Western Connecticut County, CT
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/union-savings-bank-danbury-ct