Leader Bank to Open Three Branches Across Mass.
Leader Bank has announced plans to open three new branches across Massachusetts in 2026: in the Seaport, the North Shore and on Cape Cod.
Leader Bank has announced plans to open three new branches across Massachusetts in 2026: in the Seaport, the North Shore and on Cape Cod.
PNC Bank recently announced a $1 billion nationwide investment to open more than 100 branches and renovate over 1,200 existing branches through 2028, and Boston is getting two new branches from that plan.
From previously targeting to open 90 branches, JPMorgan Chase has set a new expansion goal of 110 branches in Massachusetts by 2027 bank executives express optimism about branch-based growth in the state.
PeoplesBank has made three major announcements to the start of the year: reaching the $4 billion mark in assets, executive changes and promotions in its top leadership team and plans to open two more branches in Connecticut.
Brookline Bank is planning to open two branches – one in Braintree and another in an unspecified location north of Boston – as the bank looks to expand in new markets.
It was a relatively quiet month for bank branch activity in December, as JPMorgan Chase established one local branch while Bank of America closed an ATM location, according to the latest data from the OCC.
Bank of America is investing $100 million in its branch network in Massachusetts from 2023 to 2025, for new branch establishments and renovations.
Bank of America is closing three of its branches in Greater Boston while Citizens Bank continues to replace branches in grocery stores with video teller-enabled interactive teller machines.
JPMorgan Chase continued its Massachusetts expansion as it opened three branches in October, while TD Bank and Citizens Bank filed to open Boston branches, according to the latest information from the Office of Comptroller of the Currency.
Santander Bank has proceeded with the planned closures of its bank branches while JPMorgan Chase Bank continues to expand its branches in Massachusetts.
Following recent acquisitions, both Rockland Trust Co. and People’s United Bank have seen their share of Massachusetts deposits grow, while Chase’s branch expansion strategy appears to be paying off.