Putnam Bank
acquisition
complete
Customers will see
no immediate changes
W. WARWICK & PUTNAM — May 1, Centreville Bank, a Rhode Island- chartered savings bank, completed its cash acquisition of PB Bancorp, Inc. and its wholly owned subsidiary, Putnam Bank. The transaction is valued at $115.5 million.
Harold M. Horvat, president, CEO and chairman of Centreville Bank, said there are no immediate changes for Putnam Bank customers. All the current branches of Putnam Bank will remain open and will conduct business under the name ‘Putnam Bank, a division of Centreville Bank.”
“We’re thrilled that Putnam Bank will now be part of the Centreville Bank family,” said Horvat. “Our due diligence over these past six months has validated what we first saw: that bringing these two similar institutions together aligns well strategically, operationally and culturally. And we truly believe that the biggest benefit will be realized by our new employees and customers in Eastern Connecticut.”
The combined organization will have approximately $1.76 billion in assets and $1.37 billion in deposits.
“I want to take this opportunity to publicly thank outgoing Putnam Bank President and CEO Tom Borner for his leadership and vision during his tenure running this fine organization. He’s built a solid bank that has a strong sense of community, and we intend to carry on that tradition,” said Horvat.
Horvat also announced that former PB Bancorp director, John Miller, has been elected to the board of trustees of Centreville Bank.
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In an effort to assist high school senior soccer players whose recruitment has been affected by the coronavirus pandemic, Putnam Science Academy’s athletic department announced that it will offer partial scholarships of $29,100 to any senior — boy or girl — who is not yet signed to play in college.
Because the pandemic has shut down the regular recruiting window this spring and into the summer, many soccer players will not have the opportunity to play in front of college coaches and could have their careers cut short upon high school graduation.
“As a soccer player seeking to take the next step to the collegiate level, the springtime is a crucial recruiting period,” said PSA Athletic Director Tom Espinosa. “Unfortunately, college coaches are unable to watch players live, and players are unable to play in front of those coaches. It is crucial that we do everything we can to help those players gain back the opportunity for exposure that they are losing right now.”
Putnam Science Academy’s soccer program only began in 2018, yet still placed four players from this past season’s roster into NCAA Division I programs. Two will play next year at Missouri State, which went undefeated in the regular season and advanced to the second round of the 2020 NCAA Tournament; the others will attend the University of Dayton and Gardner-Webb University. A handful of other players hold offers from Division I schools but as of yet are uncommitted. Still others will play at the Division II and junior college levels.
The Mustangs’ boys’ prep team went 8-2 in 2019; the varsity team finished 7-3-1. They were comprised of top-level players from around the globe, most notably from Sprain, Brazil, Italy, and South Africa. Of those players, two have caps with their Youth National Teams at the U19 age group in South Africa and Botswana.
Those players bring with them an elite level of talent that saw the program compete against former U19 USSF Developmental clubs, including Bethesda SC, Oakwood SC, Beachside SC, and MLS Youth Team DC United. In addition, the prep team, which will be coached by Ryan Dunnigan in 2020, played matches against perennial top programs Berkshire School, Northfield Mount Hermon, and South Kent School.
The girls’ prep team, coached by Jen Bennett, is also comprised of top-level talent from around the globe, and outscored its opponents 69-11 en route to a 7-1 record in its first season.
The partial scholarships are for any boarding students who successfully complete the school’s standard admissions process. More information on tuition and applying can be found at the school’s website, putnamscienceacademy.org. Please contact Director of Admissions John Seaward at
Stephen Nalbandian
Sports Information Director
Putnam Science Academy
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Schools and “school meals”: Eastford Elementary — www.eastfordct.org; Pomfret Community School — www.pomfretcommunityschool.org; Putnam schools — www.putnam.k12.ct.us; Putnam Science Academy — www.putnamscienceacademy.org; Woodstock public schools — Woodstock Proud FB page; Woodstock Academy — www.woodstockacademy.org
Government: Pomfret — www.pomfretct.gov; Putnam — www.putnamct.us; Woodstock — www.woodstockct.gov; Eastford — www.eastfordct.org; Killingly — www.killingly.org; Thompson — www.thompsonct.org; Glocester www.glocesterri.org; Burrillville www.burrillville.org; State of Connecticut — https://portal.ct.gov/Coronavirus.
Health: Northeast District Department of Health — www.nddh.org/services/emergency-preparedness/coronavirus-disease-2019- covid-19; CT Dept. of Health — https://portal.ct.gov/Coronavirus; Centers for Disease Control and Prevention — www.cdc.gov/coronavirus/2019- ncov/index.html
Media: Putnamtowncrier.com; Putnam Town Crier & Northeast Ledger on FB (continually updated and wider “news net”); CTMirror.org; WINY Radio on FB.
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Police dept.
warns of scams
The Putnam Police Department recently received multiple complaints of scammers claiming to be Putnam Police officers calling local residents and threatening them with arrest unless “fines” are paid. The scammers then attempt to have money sent to them in various ways including gift cards or by wire. The scammers have also “spoofed” the caller ID to show the Putnam Police Department’s phone number of 860-928-6565.
Additionally, the department has received calls from residents reporting that they have received telephone calls soliciting donations for and/or endorsed by the Putnam Police Department. Department officials said the department is not currently conducting any fund-raising campaigns, nor has it endorsed any other organization to raise funds on its behalf. The department said the Putnam Police Department or any legitimate law enforcement agency will never seek to collect fines or money this way.
If you receive a questionable call or believe you may have been contacted by a scammer, call the Putnam Police Department or your local police department to verify the validity of the call. Also never send money through the use of gift cards, wire or similar method as it is probably a scam.
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