Today’s United Bank, formerly Rockville Bank, combines the proud legacies of two strong, independent-minded community banks to create the premier community bank in New England.
With United’s and Rockville’s 288-year combined history, the United Bank of today carries forward a proud legacy of delivering an exceptional banking experience for its customers and generous giving to the communities it serves.
The Banks shared similar beginnings, similar goals and similar cultures.
Rockville Bank opened its doors in 1858, declaring $175 in total assets. Twenty local businessmen assembled and incorporated the new bank to serve the financial needs of the Rockville, Connecticut, community. The primary objective was to provide home loans to Rockville neighbors.
In 1882, United Bank was established in West Springfield, Massachusetts, and began its equally impressive history of commitment to helping local residents purchase their homes.
That commitment to the community provided a solid foundation for both Banks. Each followed a pattern of quiet, sustained growth over the following decades. But 21st century banking demanded more. So did customers and shareholders. And the two Banks responded.
United Bank became a $2.4 billion public company headquartered in West Springfield, Massachusetts, with 37 branch locations throughout Western and Central Massachusetts and Hartford, Tolland and New Haven counties in Connecticut.
Rockville Bank grew to become a $2.1 billion public company with executive headquarters in Glastonbury, Connecticut, and 22 branches serving Tolland, Hartford, New Haven and New London counties.
Both banks shared common goals for the future: More growth. More locations. More value-added products and services. More advanced banking technology. And more shareholder value.
Combined, they would have greater scale, the best banking products and services with advanced banking technology and more than 50 branches in Connecticut and Massachusetts.
The leadership of the two institutions agreed, and history was about to begin anew.
On November 15, 2013, Rockville Bank and United Bank announced plans for a merger of equals, and the promise to deliver first-class community banking while remaining a compelling alternative to mega-banks.
Regulatory agencies and shareholders agreed. On April 30, 2014, a stronger, high-performing bank with more than $5 billion in assets was created – the new United Bank! A United Bank ATM/Debit MasterCard for purchases and ATM withdrawals. This debit card gives you surcharge-free access to over 55,000 ATMs throughout the United States at United Bank branches and the Allpoint ATM network.