Kyle Eagleson Now President & CEO at GSB

Kyle Eagleson Now President & CEO at GSB

GUILFORD, CONN. — April 22, 2025 — GSB (Guilford Savings Bank) proudly announces the promotion of Kyle J. Eagleson as President & CEO. This follows the planned succession from Timothy P. Geelan, who retired as Chief Executive Officer on April 1, 2025.

Eagleson was elevated to President in January of 2024, and his tenure as CEO begins as GSB embarks on a transformative period in its history. This includes a rebrand to Ascend Bank, a merger with Eastern Connecticut Savings Bank, pending regulatory approval, and the opening of a new operations center in Wallingford—all as the historic community banking institution celebrates its 150th  anniversary.

“Tim’s leadership has been nothing short of extraordinary,” said Eagleson. “His vision and dedication have positioned GSB as a pillar of strength and innovation in our community. I am honored to have worked with him for many years and am energized to build upon his legacy as we take ambitious steps to guide the bank into its next chapter.”​

As GSB transitions to Ascend Bank, the organization remains committed to its core values. “This rebrand is about growth, and ensuring we serve all of our communities as best as we can—it’s not a change in who we are,” Eagleson emphasized. “We are proud of the legacy of Guilford Savings Bank and excited to introduce Ascend Bank; we’ll carry forward that same spirit of community, trust, and service while creating opportunities for more people to experience the very best in community, business and commercial banking.”

The upcoming merger with Eastern Connecticut Savings Bank will create a combined institution with $1.4 billion in assets and 25,000 clients, enhancing the bank’s ability to provide forward-thinking banking services across the state.

About GSB
GSB has been serving the financial needs of individuals, families, and businesses in Connecticut for 150 years. Founded in 1875 by local business owners, it has grown into a $1.1 billion bank with eight banking offices, offering a full suite of banking services to clients throughout the state. For more information, visit mygsb.bank or follow GSB on Facebook and LinkedIn.