Corporate Releases

Newtown Savings Bank joins Post University Partners In Education program to provide employees access to higher education

WATERBURY, CONN. (Dec. 8, 2009)  –  As a new participant in Post University’s Partners in Education Program, Newtown Savings Bank will offer its employees access to quality undergraduate higher education at a reduced tuition rate.

Under the agreement, Post University will provide tuition grants to employees of Newtown Savings Bank who want to earn an associate’s or bachelor’s degree by enrolling in one of the University’s Accelerated Degree Programs.  Employees also will have the option of enrolling in a Post University Master’s Degree Program. Newtown Savings Bank offers employees partial tuition reimbursement, making the path to a degree even more affordable.

“At Newtown Savings Bank, we have always looked for ways to improve the lives of our employees,” said Duane Giannini, Senior Vice President, Human Resources. “This program is just another way to provide employees with the education they want and need to improve their skills and advance their careers.”

Employees will have the option of taking courses at one of the university’s regional locations or completely online.  They can earn a master’s degree in as little as 14 months, and a bachelor’s degree in as little as 18 months. Newtown Savings Bank employees also will receive college credit for select corporate education and training courses, as well as for courses taken at other accredited colleges or universities.

“We are delighted that Newtown Savings Bank has joined our growing Partners in Education program to provide their employees a flexible, convenient and affordable way to earn a college degree,” said Frank Mulgrew, president of Post University Online.  “We’ve had tremendous success with this program because it gives working adults the opportunity to not only earn a degree, but immediately improve their workforce skills.”

Newtown Savings Bank is a mutual community bank headquartered in Newtown, CT with over $900 million in assets. The Bank has thirteen branches in Newtown, Bethel, Brookfield, Danbury, Monroe, Shelton, Southbury, Trumbull and Woodbury, with a 14th branch opening soon in Monroe. For more information visit or call 800.461.0672.

Founded in 1890, Post University is a student-focused, career-driven university.  Located in Waterbury, Conn., Post University provides a wide array of degree programs for on-campus and online students of all ages. It is known for its quality, career-driven academic programs, small classes, national award-winning student activities, and competitive NCAA Division II athletics. In 2009, it was voted “Best of Waterbury” by the U.S. Commerce Association, and its Online MBA Degree Program received the Connecticut Quality Improvement Award for Innovation Prize.  Also in 2009, it extended its commitment to serving members of the military by becoming a “Yellow Ribbon” University.  Its nearly 4,000 full- and part-time students come from the United States and abroad, and are supported by faculty whose mission is to prepare students to compete and succeed in today’s global workplace.  To learn more about Post University, visit or call 800-345-2562.