Public court records indicate that residential mortgages originally held by Thomaston Savings Bank, a Connecticut-chartered mutual savings bank, have been reassigned to a separate private entity, THOMASTON RESIDENTIAL HOLDING SERVICES, LLC.
The reassignment activity appears in filings connected to residential mortgage enforcement actions within the Connecticut Superior Court system, including matters originating in the Litchfield Judicial District. The filings reflect changes in mortgage ownership from the depositor-owned institution to the private limited liability company.
State business records list Steve Lewis as the manager of Thomaston Residential Holding Services, LLC. Public disclosures also identify Lewis as a senior executive of the originating bank.
Mutual savings banks differ from shareholder-owned institutions in that they are owned by depositors and operate under governance frameworks intended to benefit members. Mortgage transfers from a mutual bank to a private holding entity may occur under certain structures but are generally subject to internal approval processes, disclosure practices, and regulatory oversight.
The publicly available filings reviewed do not specify the internal rationale for the mortgage reassignments, the valuation methodology used, or whether depositors or board members were notified prior to the transfers. The records do not allege wrongdoing, nor do they contain findings by a court or regulator.
Mortgage assignment practices are closely monitored by industry participants because they affect loan ownership chains, servicing authority, and standing in judicial proceedings. Clear documentation and transparency are considered essential to maintaining confidence among borrowers, counterparties, and competing institutions.
As of publication, no public statements addressing the reassignment activity referenced in court records have been issued by either the bank or the LLC.
Source
Connecticut Superior Court public civil case records (Litchfield Judicial District) and associated Connecticut land record filings, accessible through the Connecticut Judicial Branch and local registries of deeds.
Disclaimer
This report is based solely on publicly available court records and land filings. No allegations are made beyond the contents of those documents.
