07.27.2012
EBSB Receives Approval to Open Two New Branches
East Boston, MA – East Boston Savings Bank (EBSB) is expanding its branch footprint by opening two new branch offices in Belmont, MA and Allston, MA. Chairman and CEO, Richard J. Gavegnano announced that the Bank received approval by the Federal Deposit Insurance Corporation (FDIC) to proceed with plans to construct and open the two new sites.
The Belmont branch is located at 70 Concord Avenue in a newly constructed commercial property between Fresh Pond Circle and Belmont Center at the intersection of Bright Road and Concord Avenue. The 4,000 square foot office will house a full service branch as well as a loan center with commercial and residential officers serving the local market in and around Belmont.
The Allston branch will be located in the newly renovated shopping center at 177 Brighton Avenue (Route 20), and will operate as Mt. Washington Bank, a division of East Boston Savings Bank. The 2,400 square foot branch is conveniently situated between a CVS and Dunkin Donuts. A residential and commercial lender will be located at this branch as well.
East Boston Savings Bank is looking to have both branches up and running by year end.
With the addition of these two branches, East Boston Savings Bank will operate 26 full-service branches including its Mt. Washington Bank division in the greater Boston metropolitan area in Essex, Middlesex and Suffolk counties.
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