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Wednesday, April 30, 2008

04/31/08 - The bank could help serve a niche once held by Putnam Trust, a chain of Greenwich banks that merged with Bank of New York in 1995


Quote:

"There are no locally owned private banks in Greenwich," said Daniel Donahue, chairman of the board at Fieldpoint and a Greenwich resident since 1976. "We plan to give out very personalized advice. We want our private bank to provide tools that help service our clients."

Headline:

New Greenwich Bank May Open "An Office A Year" In Other Locations That Have High Net-worth Residents Like New York City And Westchester County

Story:

Back to basics: New bank builds relationships

Greenwich Time, CT

Officials at Fieldpoint Private Bank & Trust want their new firm to bring private banking "back to what it used to be."

The exclusive new Greenwich bank, which opens its doors today at 100 Field Point Road, is promising its high-net-worth members a personal relationship similar to what's found in many walk-up community banks, but with the power and expertise of some of Wall Street's top talent.

Fieldpoint, a chartered federal savings bank which will provide personal and business banking, wealth management, and family office services, also will offer its clients a change of pace from many of the "mega banks" that have set up shop in lower Fairfield County....

...."They're in a unique position considering the demographics of Greater Greenwich," said John Carusone, president of the Bank Analysis Center in Hartford. "They obviously have their work cut out for them because they're competing with a host of wealth management institutions that are among the best of the world."...

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