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April 29, 2021
Newtown Savings Bank announced its partnership today with Bank On Connecticut and the Cities For Financial Empowerment Fund (CFE Fund) in their statewide effort to promote safe and affordable Bank On certified accounts. Bank On Connecticut is one of close to ninety Bank On coalitions across the country working to connect the unbanked and underbanked population to the mainstream banking system by partnering with financial institutions to provide Bank On certified accounts. The CFE Fund's Bank On National Account Standards identify critical product features for safe and affordable banking accounts, making it easier for local coalitions across the country to connect people to accounts that meet their needs.
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A bank and a homeless man teamed up to help the unbanked get their COVID stimulus checks
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Kenneth Moss uses the ATM at the Key Bank on Canal Street in Stamford, Conn. on Monday, October 12, 2020. Moss' friend Leon Standly, a Pacific House Shelter resident, helped Moss get a hassle free account at the bank after developing a relationship with a bank manager.Brian A. Pounds / Hearst Connecticut MediaShow MoreShow Less
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Leon Standly, left, and Kenneth Moss at the Key Bank on Canal Street in Stamford, Conn. on Monday, October 12, 2020. Standly, a Pacific House Shelter resident, helped Moss get a hassle free account at the bank after developing a relationship with a bank manager.Brian A. Pounds / Hearst Connecticut MediaShow MoreShow Less