During the corresponding time, Si Financial Group, Inc. recorded a revenue increase by 9.17 % year on year, sequentially revenue fell by -2.08 %. While revenue at the Si Financial Group, Inc.'s corporate clients
Si Financial Group's Comment on Sales, Marketing and Customers
The Company is headquartered in Willimantic, Connecticut, which is located in
eastern Connecticut approximately 30 miles east of Hartford. The Bank operates
25 full-service offices throughout Windham, New London, Tolland, Hartford and
Middlesex counties in Connecticut and Newport and Washington counties in Rhode
Island and one wealth management and trust services office in Windham County,
Connecticut. Most of the Bank’s deposit customers reside in the areas surrounding
the Bank’s branch offices. The Bank’s primary lending area is eastern
Connecticut and Rhode Island with concentrations in Massachusetts and New Hampshire.
The economy in the Company’s Connecticut market area is relatively diverse
and primarily oriented to the educational, service, entertainment, insurance,
manufacturing and retail industries. The major employers in our Connecticut market
area include several institutions of higher education, the Mohegan Sun and Foxwoods
casinos, General Dynamics Defense Systems and Pfizer, Inc. In addition, there
are also many small to mid-sized businesses that support the local economy. The
economy in the Company's Rhode Island market area is primarily oriented to the
health care, educational, retail and hospitality industries. The major employers
in the Rhode Island area include several hospitals, universities and pharmaceutical
manufacturers.
Sources:
Si Financial Group, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Si Financial Group, Inc.’s corporate clients.
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