PB Bancorp, Inc. is a savings and loan holding company for Putnam Bank (the Bank). Putnam Bank is a state-chartered mutual savings bank. The Company's principal business consists of attracting deposits from the general public in the communities where its offices are located, and investing those deposits, together with funds generated from operations, primarily in loans secured by real estate, including one- to four-family residential mortgage loans and commercial real estate loans. It also offers commercial loans, residential construction loans, consumer loans and other loans. It also invests in investment securities. It offers a range of deposit instruments, including checking, savings, money market deposit accounts, negotiable order of withdrawal accounts and fixed-term certificates of deposit. The Bank has approximately eight full-service banking offices and a loan origination center. The Bank has operations in Windham County and New London County, Connecticut.