Press Release

Fairfield County Bank Holds Annual Meeting

August 2005 - Fairfield County Bank, a billion dollar mutual community bank headquartered in Ridgefield, Connecticut recently held its 134^th Annual Meeting.  Strong earnings were reported for 2004 with growth rates as follows: 12% asset growth, 20% loan growth, 10% deposit growth and 12% equity growth.

Gary C. Smith, President and CEO of Fairfield County Bank stated that the Bank’s strength and stability, complete offering of traditional and innovative products and services, commitment to the highest level of customer satisfaction, convenient locations, local and responsive decision making, and community support continue to differentiate Fairfield County Bank from the mega-banks and other competitors. 

Fairfield County Bank operates two divisions: Ridgefield Bank with 5 branches in the towns of Ridgefield, Georgetown and Wilton and Fairfield County Bank with 10 branches in the towns of Darien, Fairfield, Norwalk, Rowayton, and Westport.  A new full-service branch is scheduled to open in the Tunxis Hill area of Fairfield at 255 Tunxis Hill Road and will become the Bank’s 3^rd office in that town. 

At the Annual Meeting, the following individuals were elected Corporators of the Bank:

John F. Fallon is an Attorney at Law who specializes in the areas of land use, real estate and municipal law.  He has extensive experience in municipal planning and zoning issues, having represented private developers, financial institutions, corporations and municipalities in a wide variety of land use matters.  In addition to his private practice in Fairfield, he has served as the Town Attorney for Trumbull, Connecticut.  Mr. Fallon has served previously as Legal Counsel to the Connecticut General Assembly Judiciary Committee and the Senate Majority of the Connecticut State Senate.  A former member of the House of Delegates of the Connecticut Bar Association and the Judicial Review Counsel of the State of Connecticut, Mr. Fallon has lectured extensively on topics involving land use and authored numerous articles on planning and zoning in various professional publications.  

Mr. Fallon received a B.A. from Fairfield University and his J.D. from Fordham University School of Law. He served in the United States Army Active in Reserve from 1971 to 1976.   A member of Fairfield University’s President’s Circle, he is a past member of the Board of Directors for the University’s Alumni Association. Mr. Fallon is a former member of the Police Commission for the Town of Fairfield and has also served as Chairman of the Board of Education.  Mr. Fallon resides in Fairfield with his wife and has three daughters.

Stephen P. Fogerty, Attorney at Law, is Managing Partner of the Fairfield County office of Halloran & Sage LLP located in Westport.  Mr. Fogerty is a member of the American Board of Trial Advocates, National Board of Trial Advocacy, American Law Firm Association, Defense Research Institute and American Inns of Court.  He is a Board Certified Civil Trial Advocate.  Mr. Fogerty has served as Board President of Catholic Family Services of Fairfield County. An honors graduate with a B.A. in Philosophy from Catholic University of America, Mr. Fogerty received his J.D. from Fordham University School of Law. He resides in Wilton with his wife and has two children. 

Stephen M. Hicks is President and Owner of Southridge Capital Management LLC and is also the Owner of Greenfield Capital Partners LLC, both located in Ridgefield.  He is the Chairman and Owner of Petals Decorative Accents LLC. Mr. Hicks serves on the Board of the Ridgefield Community Center, is the Chairman of the Ridgefield Fountain Restoration Committee and is a Trustee of the Keeler Tavern Museum.  He graduated from King's College with a B. S. in Business Administration and received his MBA in Finance from Fordham University.  Mr. Hicks lives in Ridgefield with his wife and two children.

In addition to a fully array of deposit, loan and electronic banking services, Fairfield County Bank offers insurance services through its wholly-owned subsidiary, Carnall Insurance, Inc.  In conjunction with Fairfield County Financial Services, access to investment services and wealth management is offered through Infinex Investments, Inc.