Bank of Cape Cod officially opened for business in Falmouth this week, with the opening of a third branch in the local bank’s six-year history.

"We are celebrating not only the opening of a new bank branch and the expansion of bank of Cape Cod’s footprint, but our commitment to the community and the businesses we serve," said president and CEO Timothy Telman. "Since we opened six years ago our goal has been to assist Cape Cod businesses in their expansion efforts, which in turn helps our bank grow."

Wendy Northcross, president and CEO of the Cape Cod Chamber of Commerce, said the bank’s growth meant economic opportunity for the Cape as a whole, noting the contractors and landscapers who worked on the branch at 445 Main St., as well as the bank employees hired for the facility.

"That’s good for the Cape and good for our economy," she said.

Falmouth Selectman Mary Pat Flynn said she was particularly pleased to see all the renovations to a building that had seen consistent turnover.

The building, which was once a natural food store and at one point a bank, underwent major renovations over the last several months. It will be a full-service branch offering a complete portrfolio of financial services including checking and savings accounts, commercial loans, a drive-thru and 24-hour ATM.

Jay Zavala, president of the Falmuth Chamber of Commerce, said the bank’s efforts to improve Main Street extended beyond its own building by financially supporting programming at Highfield Hall in Falmouth and a new park at the east end of Main Street at the former Joe’s Driving Range. The Falmouth 300 Land Trust Committee purchased the 10 acres in December and its plans to create a park got a boost from Bank of Cape Cod with a major donation to purchase trees for the streetscape.