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SI Financial Group, Inc. - Company Profile Snapshot

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Company Profile: SI Financial Group, Inc.
Ticker: SIFI
Exchanges: NAS
2008 Sales: 56,846,000
Major Industry: Financial
Sub Industry: Savings & Loan
Country: UNITED STATES
Employees: 286

Business Description
SI Financial Group, Inc.. The Group's principal activities are to provide financial services to consumers and businesses, including insurance, trust and investment services. The Group attracts deposits from the general public and uses those funds to originate one- to four-family residential, multi-family and commercial real estate, commercial business and consumer loans, which it holds primarily for investment. The lending activities of the Group include one- to four-family residential loans, multi-family and commercial real estate loans, commercial business and consumer loans. The Group offers a variety of deposits consisting of NOW, money market accounts, regular savings accounts and certificates of deposit. In 2008, the Group completed the acquisition of branch offices in Colchester and New London, Connecticut. In January 2009, the Group completed the sale of its Gales Ferry, Connecticut branch office to Putnam Bank.

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