Union Savings Bank
Union Savings Bank, headquartered in Danbury, Connecticut, is an FDIC-insured community bank founded in 1866. The bank provides a wide range of personal, business, and wealth management services to customers throughout western Connecticut. USB offers mortgages, checking and savings accounts, and investment advisory through its Trust & Investment Division. As of 2021, the bank employed over 240 individuals and focused on delivering local, personalized financial services to its community.
Investment Strategy
Union Savings Bank's investment management division focuses on long-term financial wellness for clients, offering trust and investment services via direct management and in partnership with Raymond James. They emphasize diversified portfolios tailored to individual client goals, targeting steady growth, wealth preservation, and financial literacy. The firm holds hundreds of securities, with top holdings in major ETFs and blue-chip stocks, and prioritizes local, personalized service alongside education through financial checkups, seminars, and content initiatives.
Top Holdings
Equity Positions (281)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPHQ | INVESCO S&P 500 QUALITY ETF | 15.40% | $33.5M | 469,548 | $60.43 | $71.26 | +$4.5M |
B BRK-A | BERKSHIRE HATHAWAY INC COM | 10.58% | $23.0M | 32 | $517810.00 | $728800.00 | -$2.5M |
S SPY | SPDR S&P 500 ETF TRUST | 5.58% | $12.1M | 19,204 | $453.21 | $617.85 | +$1.0M |
I IJH | ISHARES CORE S&P MID-CAP ETF | 4.51% | $9.8M | 155,863 | $52.41 | $62.02 | +$561.7K |
M MSFT | MICROSOFT CORP | 4.03% | $8.8M | 16,434 | $340.87 | $497.41 | +$2.5M |