Westfield Bank will further expand into Connecticut this fall with the addition of a full-service branch in Enfield.
“The Enfield area provides the additional growth opportunities we are looking for and fits with our planned expansion in the northern Connecticut market,” President and CEO James C. Hagan said in a statement.
The bank’s newest location at 47 Palomba Drive will be its second location in the Nutmeg State. Westfield Bank opened a branch in Granby in June of last year.
The bank also recently announced it would relocate its middle market and commercial real estate lending team to downtown Springfield.
“We feel a stronger commercial lending presence in Springfield and Enfield’s proximity to the I-91 corridor, coupled with our product set and experienced banking team, is a perfect fit for consumers, small businesses and large commercial businesses in the Connecticut area,” Hagan said in the statement.
The bank is in the process of obtaining the necessary local, state and regulatory approvals for the Enfield branch and will announce a formal opening date upon completion. The bank plans to utilize the expertise of its Granby residential and commercial lenders, Thomas Glynn and Ted Horan, to grow the Enfield branch and will conduct a search for a branch manager over the weeks to come.