Professional Profile: Joseph Derby Jr. - 1966

Name: Joseph Derby Jr. - 1966

Title: assistant vice president

Company: Society for Savings

Location: Hartford, Conn.

Birthplace: Springfield, Mass., 1936

Education: Springfield College After three years in the U.S. Infantry, Joe joined the Society for Savings in the management training program. Within two years, he was named as officer and today is assistant vice president in charge of the commercial loan division for the state’s oldest and largest savings bank. “This bank, known for the Builders Bank, has worked very hard with developers in all aspects of the real estate game. In the past several years, Hartford has been one the hottest cities in the country for real estate. Land prices five years ago for apartments were about $1,000 per unit – today the are $3,000 per unit. We have become known as a full-service real estate bank and it was a sad day when we had to stop giving commitments; but we saw it coming and warned our builders – luckily we saved some of them.” Joe is married, with two children, and is an avid sports fan, enjoying all sports, especially golf.