Category: Past Issues
Ringing the Bell
Members of Putnam Bank rang the Nasdaq opening bell recently in New York City. Courtesy photo.
NEW YORK CITY, N.Y. --- PB Bancorp, Inc. (Nasdaq: PBBI), bank holding company of Putnam Bank rang the Nasdaq opening bell May 2.  Putnam Bank is the only Putnam-based, publicly traded company. The ceremony celebrated the reorganization of the company from a two-tier mutual holding company to a fully-public stock holding company. 
 “We’re delighted and honored to be here today in our celebration of a recent stock offering,” Borner began. He touched on how the company (founded in 1862) has expanded from a local, to a bank with a presence throughout Eastern Connecticut. Borner said, “It is the dawning of a new day for Putnam Bank, and I’m thrilled to ring the bell to open trading.”
The event was attended by board members, staff and others.
Putnam Bank, in existence for more than 150 years, is a state-chartered and insured stock bank, with assets, including the holding company of approximately $500 million.