President's Message

As we continue to monitor the rapidly evolving Coronavirus (COVID-19) crisis, our top priority is for the safety and well-being of our customers, employees, and the communities we serve. In these unprecedented times, it is important that we come together to support all those impacted and we are exploring every opportunity to reduce the worries and anxieties as this crisis continues to unfold.

We will strive to continue maintaining a safe workplace for our employees, and a safe place of business for our customers. The Bank is dedicated to assisting you and/or your business through the uncertain environment that lies ahead. We encourage you to contact us with any questions or concerns you are facing - we are here to help!

I want to assure you that Bridgewater Savings remains well capitalized and financially strong. The Bank is committed to your financial well-being as we continue to be your trusted banking partner. In addition, all depositor funds are safe, secure and fully insured by the FDIC and DIF. The FDIC insures each depositor up to $250,000, and DIF insures anything in excess of $250,000. This means that all funds in deposit accounts with BSB are 100% fully insured.

I urge you to stay vigilant during this time as Cybercriminals are willing to exploit every aspect of the Coronavirus crisis. The recent plan for the US Stimulus package is just one more thing they can use to their advantage. Keep an eye out for phony emails or phone calls claiming to be from the IRS with information on how the stimulus package will benefit you and the assurance you can access the money right away. Please know that the IRS or Bridgewater Savings would never call you to ask for your social security number or other personal identifiable information.

I encourage you to take advantage of our digital banking channels. Many of today’s banking services can be conducted remotely, giving you access to your accounts anytime – anywhere! Our Contact Center team is ready to help you learn about the alternative banking tools we offer, including online and mobile banking, mobile deposit, full-service ATMs, Zelle®, and 24/7 automated telephone banking. Our dedicated team can be reached at 800.356.8622 during regular business hours.

I thank you for your support and patience during these trying times and wish the best for you and your family. We will get through this together!

Peter Dello Russo, President and CEO


Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.