Different from a commercial bank with stockholders, community leaders founded Winsted Savings Bank in 1860. In 1875, local business leaders founded Mechanics Savings Bank of Winsted (later Northwest Bank for Savings). Both banks supported the development of Winsted, CT and surrounding towns through savings, loans and personal relationships with their customers. They helped individuals, families, businesses and communities—and later met the need for a branch network and expanded services.
In 1996, the two banks merged into Northwest Community Bank. Headquartered in Winsted, today we have branches in Avon, Granby, New Hartford and Torrington—as well as our nationally recognized academic branch in Northwestern Regional School No. 7 High School. While still deeply committed to our local area, technology now offers our customers services wherever they go, whenever they need them. Even in our mobile society, banking can still be a relationship.
In addition, Northwest Community Bank offers a range of consumer and commercial banking services, as well as support to local charitable institutions. Our directors, officers, managers and other staff volunteer for boards, committees and activities of countless nonprofit organizations: libraries, schools, the arts, Chambers of Commerce, Rotary clubs and foundations. We also make contributions to United Way, YMCA, Northwestern Connecticut Community College Foundation, Special Olympics, American Mural Project, the Tour of Litchfield Hills, Gifts of Love and so many others.
For more than 150 years, Northwest Community Bank has been a mutual saving bank operated for the benefit of its depositors. True to our roots, we value our customers and the communities in which we live and work. It’s your community — and your Northwest Community Bank! Contact us to see how we can serve you.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154