Welcome to The Community’s Bank, also known as TCB. My name is Peter Hurst, and I am the President & CEO. TCB is a community bank that combines excellent customer service and local decision making with innovative banking solutions and the latest in technology. We have two fundamental goals for our bank. The first is to build wealth for individuals, businesses, and institutions in Connecticut's urban areas. The second is to build new and mutually profitable relationships throughout all of Connecticut.
At TCB we provide special attention and access to our customers. We offer customized banking products and services, it is easy to reach us, and we listen. Additionally, we offer online banking, where customers can pay their bills online, and open and fund accounts right from our website. We also offer businesses and institutions innovative products and services, but with the VIP service missing at larger banks. All of our deposit customers have unlimited access to over 43,000 surcharge-free ATMs throughout the United States of America.
Our ownership and certification are unique. TCB is the only Minority-Owned bank in the State of Connecticut. And, we are certified by the U.S. Treasury Department as a Community Development Financial Institution.
TCB is the bank for customers who want personal contact, local decisions, flexible solutions, and innovative banking. Please feel free to call or email me.
Peter F. Hurst
Founder, President, & CEO
Phone: (203) 367-0723
Dodd commends Bridgeport Bank for Treasury award
Community’s Bank to Receive $432,000 for Work to Provide Loans in Distressed Communities
“Local institutions like the Community’s Bank in Bridgeport will lead Connecticut out of these tough economic times,” said Dodd, Chairman of the Senate Banking Committee. “Community’s Bank has done tremendous work in providing local businesses with the loans they need to grow and create jobs, and I’m pleased that their hard work is being recognized by the Treasury Department.”
The BEA Program provides an incentive to FDIC-insured banks and thrifts to increase either their level of support to certified community development financial institutions (CDFIs); or increase their provision of loans, investments and financial services in distressed communities, such as opening new savings accounts, providing mortgages or investing in local small businesses; or both. CDFIs are specialized community-based financial institutions that are able to respond to gaps that exist in their local markets.
Dodd cosponsored the Riegle Community Development and Regulatory Improvement Act that established the CDFI Fund in 1994.
TCB Board Director Dr. Fred McKinney was featured in the February 4 issue of Business New Haven as the Minority Business Person of the Year. Fred was honored as President of the CMDC for his work in helping minority-owned companies do business with large corporations.
TCB Board Director Barbara Bellinger was recently featured in the April 6 issue of the Connecticut Post for being one of 25 people across the country to be honored by the Yoplait yogurt company. Barbara was honored for her efforts in fighting breast cancer. She is a founding board member of the Norma F Pfriem Breast Cancer Center. Yoplait will donate $1,000 in Bellinger's name to the center.
In 2000, Fleet Bank bought Bank of Boston leaving one former Fleet branch for sale in Bridgeport, and two former Bank of Boston branches for sale in Bloomfield and Hartford. Those branches and their assets were bought by a group of investors, thus forming The Community’s Bank. The Community’s Bank officially opened for business in February 2001.
In 2004, The Community’s Bank sold its operations in Hartford County in order to focus more attention on the Greater Bridgeport community. Later that year The Community’s Bank was awarded a U.S. Treasury Department Bank Enterprise Award in recognition of success in lending to distressed areas of Bridgeport, Hartford, and New Haven.
In 2006 the Board of Directors voted for expansion, and invested discretionary monies into building and promoting a virtual branch online. On August 1, 2007 TCB went live to the public. The new website featured sharper branding, more comprehensive information, simpler language, and better online banking. TCB also introduced bill pay, online demos, and online account opening and funding.
In November of 2007, GE Money deposited $3 million into The Community's Bank to support increased lending activities in Connecticut's urban centers.
In September of 2009, The Community’s Bank was again awarded a U.S. Treasury Department Bank Enterprise Award. The Bank was awarded $432,000 in recognition for its efforts to provide commercial real estate loans in distressed communities.
Today TCB is privately owned, has $45 million in assets and employs 13 people. TCB is managed by its CEO, CFO, and 6-member board of directors. TCB is a well capitalized bank with excellent asset quality. The bank is in full compliance with the regulations set forth by the State of Connecticut, the Federal Government, and the FDIC.
Board of Directors
Photo Not Available
|Mr. Peter F. Hurst Jr.
President & CEO
The Community's Bank
Dr. Louis DeNaples, Jr.
Ms. Barbara Bellinger
Mr. Christopher A. Gallo
|Dr. Fred McKinney
Greater New England Minority Supplier Development Council