Board of directors at Essex Savings Bank name Gibble chairman
The board of directors of Essex Savings Bank elected Kenneth Gibble of Old Saybrook to chairman of the bank. Gibble was elected trustee in 1984 and elected director in 1992. He received a bachelor gegree of Architectural Engineering from Pennsylvania State University in 1961. He then served as a naval officer at the Underwater Swimmers School. This was followed by graduate studies in Engineering and Human Resources.
He is chairman of Gibble Norden Champion Brown Consulting Engineers, Inc.; a principal of Cornerstone Consultants, LLC; a mediator for construction disputes; and a lecturer at Yale University.
Essex Savings Bank is a FDIC insured, state chartered, mutual savings bank established in 1851.
Essex has offices in Essex (2), Old Saybrook and Old Lyme. A new branch in Madison with offices for Essex Financial Services will be opening this fall. Essex Financial Services, Inc. is a member of FINRA, SIPC and is a subsidiary of Essex Savings Bank.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.
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