On June 1, 1869, Dime Savings Bank of Norwich was chartered as a mutual savings bank; which means, Dime does not issue stock, so there are no stockholders, and Dime cannot be sold to the highest bidder. In theory, Dime is owned by its depositors, which means that Dime's primary concern is the customers' needs, not the stockholders. Dime Bank is governed by a self-perpetuating Board of Directors who, along with the Bank corporators, represents the interests of the depositors in all the communities served by Dime Bank.
From 1869 until today, Dime Bank has remained a mutual bank. As such, the Bank has never wavered in its focus on and commitment to the people and businesses in the communities it serves. Dime now has 15 ATMs and 11 convenient branch locations throughout southeastern and shoreline Connecticut and Westerly, Rhode Island. As a full-service financial institution, Dime offers consumer and commercial banking, home mortgages, trust services and through Dime Investment Services (a subsidiary of Dime Bank) - insurance and investments - all delivered with a personal touch. BauerFinancial, Inc., a national bank rating firm, recognized Dime Bank, as one of the strongest banks in the nation. In spite of such record-breaking growth, Dime Bank remains as dedicated today as it was in 1869 to providing excellence in products and services to the people in the communities it serves. Equally as important, Dime Bank remains a state chartered, mutual bank committed to the needs of its customers. Member FDIC - Equal Housing Lender.