GSB employees in the community.

CORE Summer 2023

July 16, 2023

See the latest from GSB in this CORE edition

Quick Links: Sponsoring Everything | Growing Small Businesses | New Faces |  Where you bank, matters. | Grab this rate | Raising Hope | Teeing Off a Great RelationshipGrey Ledge: your future, our mission

In a time when many banks are facing challenges, GSB’s is actively contributing to the well-being of our communities. By partnering with local community foundations and directly funding events like parades, concerts, carnivals, and theatrical performances, we support causes that matter to all of us, such as mental health improvement, affordable housing, child protection, and providing for families’ basic needs.

GSB is not only contributing financially, but the volunteerism of our employees also fosters a sense of community spirit and togetherness.

To learn more about where we’ve been and to see where we’re going next, click here.

GSB Business Banking: American Polyfilm, Inc.

It’s been a busy year for GSB, as several of our employees have been promoted to key leadership as part of our effort to improve client experience across all banking channels. Please join us in celebrating these promotions and recognizing new hires. For more information about these promotions, read here


Renee Pallenberg promoted to Executive Vice President, Director of Marketing

• GSB employee since 1987

• Senior Vice President and Director of Marketing since 2015

Alex Sulpasso promoted to Executive Vice President, Client Experience Officer

• Joined GSB in 2017

• Oversees GSB’s Retail Banking, Access Banking, Business Banking, and Digital services

Adriana Mazza promoted to Senior Vice President, Sr. Operations Manager

• Joined GSB in 2022

• More than two decades of banking experience

Ryan Todd promoted to Senior Vice President, Risk & Information Security Officer

• Joined GSB in 2016

• Oversees the Enterprise Risk Management Department

Kris Cricchi promoted to Controller

• Joined GSB in 2011

• Manages the Accounting & Finance teams

Welcome Aboard

Todd Navin, Commercial Loan Officer

• 35 years of commercial banking experience

Nova Taylor, Commercial Loan Officer

• 30 years of experience in the banking industry

  • $350,000 in donations given back to our communities

  • GSB’s residential first mortgage portfolio is up $20 million this year

  • Closed over $50 million in small business and commercial real estate loans through July 2023

  • Competitive rates and flexible terms; open an online account in three minutes or less

Learn More

Recently, GSB launched a $20,000 matching donation campaign to support the HOPE Chest of HOPE Partnership. The HOPE Chest is HOPE’s pre-development fund – this funding is used exclusively for pre-development expenses, meaning that every dollar goes toward the affordable housing that HOPE creates.

HOPE Partnership has been advocating for affordable housing in our region for almost twenty years. More than ten years ago, HOPE expanded its work to include development and ownership of affordable housing. HOPE now owns thirty-three apartments and townhouse-style homes across two communities in Centerbrook and Old Saybrook. Those who live in HOPE-owned housing range from individuals to families with children, but all are part of households that need safe, secure, and affordable housing.

HOPE is also a partner in a new development – Wellington, twenty-four affordable that will be breaking ground in Madison in the coming weeks. With this project underway, HOPE is looking to site and start pre-development of its next housing community.

Donate Now

GSB proudly kicked off its three-year partnership with the Connecticut State Golf Association (CSGA) by serving as the presenting sponsor of its signature event — the 89th Connecticut Open. In total, the three-day 54-hole golf tournament saw 151 golfers compete for the title — ultimately won by Madison native and former PGA Tour member Brett Stegmaier.

To see the news coverage and learn more click here

Grey Ledge Advisors hosted a five-course wine dinner for current clients and regional business leaders from the greater shoreline area at Quattro’s Italian Restaurant on Tuesday, July 11th. We were pleased to join this fun and informative event with our colleagues!


For more information on how the financial advisors at Grey Ledge Advisors can help you, visit their website at