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Branford Economic Development Commission Recognizes Guilford Savings Bank

The bank received the “Business Recognition Award," which serves to honor Branford businesses who work to make the town a better place to live and to do business.

Branford First Selectman Jamie Cosgrove, Guilford Savings Bank Incoming President and CEO Tim Geelan, and EDC Chairman Joe Gordon. Photo courtesy of Bill O’Brie
Branford First Selectman Jamie Cosgrove, Guilford Savings Bank Incoming President and CEO Tim Geelan, and EDC Chairman Joe Gordon. Photo courtesy of Bill O’Brie

The following is a press release from the Guilford Savings Bank.

At its December 18th meeting, the Branford Economic Development Commission recognized Guilford Savings Bank (GSB) with its “Business Recognition Award.” 

As explained by Terence Elton of the Town of Branford, this award was established by the commission in an effort to publicly recognize Branford businesses that are outstanding in their fields and have contributed to making Branford a better place to live and to do business.

Guilford Savings Bank joined the Branford community formally in 2001 when it opened its branch office on North Main Street.  In recent years, the bank chose the Branford office as its business center, beginning with a remodel to create a more business-friendly environment in late 2011 and early 2012.  The focus created an open space where business clients could find solutions from various banking specialists, all under one roof.  Currently, the Bank’s business and commercial lending department is based out of the Branford branch office.

Incoming President & CEO Tim Geelan received the award on behalf of the Bank. 

“Small businesses are the heart of our community,” expressed Geelan as he accepted the award.  “Our job is to help small businesses succeed with our expertise, products and services.  Even today, community banks are the source of 60 percent of small business loans of less than $1 million, so we’re a very real part of how local businesses get what they need.”

The award was presented by Joe Gordon, Branford’s Economic Development Chair and James Cosgrove, Branford’s First Selectman.  

Past recipients of the award include Alcoa Howmet, Blakeslee Arpaia & Chapman, CAS Medical, Cintas Corporation, Harco Labs, Massey Glass, and Shore Publishing/The Sound.

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