Weeks after news that the only bank in the western Massachusetts town of Huntington – an ex-United Bank branch – would close, People’s United Bank announced last week it planned to sell the building to Westfield Bank.

The Huntington branch was one of 30 in Massachusetts and Connecticut scheduled to close following People’s United’s acquisition of United Bank on Nov. 1. The building at 14 Russell Road housed the only bank branch in a town with a population of about 2,200.

“In exiting this location, we were open to finding a buyer for the property who would be able to offer branch banking services to the Huntington community,” Jack Barnes, chairman and CEO of People’s United, said in a statement. “We are pleased that we were able to find that with Westfield Bank.”

The transaction is expected to close in late February. While Westfield Bank will take over the building, the branch’s book of business will remain with People’s United.

With $2.2 billion in total assets, Westfield Bank has 22 branch offices in Hampden and Hampshire counties in western Massachusetts and Tolland and Hartford counties in northern Connecticut.

“We are excited to acquire this property and to have the opportunity to offer the community of Huntington our suite of products and services, access to our 24-hour ATM, local-market expertise and community bank values,” James Hagan, president and CEO of Westfield Bank, said in a statement. “As one of the oldest and largest banks headquartered in western Massachusetts, Westfield is committed to deepening our commitment to Massachusetts and serving branch-centric customers in Huntington.”

Westfield Bank to Buy Former United Bank Branch in Huntington

by Banker & Tradesman time to read: 1 min
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