WESTFIELD, Mass.--(BUSINESS WIRE)--Westfield Bank (the “Bank”), a wholly owned subsidiary of Westfield Financial, Inc. (NasdaqGS:WFD), announced plans today for further expansion into Connecticut. The Bank plans to open a full service branch in Enfield, Connecticut at 47 Palomba Drive with 7 days-per-week branch services, a 24-hour ATM, and residential and commercial lending. An early October 2014 opening is planned. This is the Bank’s second branch in Connecticut; the Bank opened its Granby branch in June 2013. James C. Hagan, Westfield Bank President and CEO, stated, “The Enfield area provides the additional growth opportunities we are looking for and fits with our planned expansion in the northern Connecticut market.”
Westfield Bank recently announced the relocation of its Middle Market and Commercial Real Estate Lending team to offices at Tower Square in downtown Springfield, Massachusetts. “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 concluded.
The Bank is in the process of obtaining the necessary local, state and regulatory approvals for the 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. The Bank will conduct a search for a branch manager during the next few weeks.
About Westfield Financial and Westfield Bank
Westfield Financial, Inc. is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank, Elm Street Securities Corporation, WFD Securities, Inc. and WB Real Estate Holdings, LLC. Westfield Financial and its subsidiaries are headquartered in Westfield, Massachusetts and operate through 12 full-service banking offices located in Agawam, East Longmeadow, Feeding Hills, Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts and Granby, Connecticut, and one Residential Loan Center in western Massachusetts.
Westfield Bank is a full-service community bank offering the products, services and conveniences of a big bank in a local and personalized way. Westfield Bank is able to meet the needs of retail banking customers from childhood to retirement, and business customers small and large. Westfield Bank is accessible online at www.westfieldbank.com or by calling 413-568-1911 or 800-995-5734.
Westfield Financial, Inc. wishes to caution readers not to place undue reliance on any such forward-looking statements contained in this press release, which speak only as of the date made. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2013, and in subsequent filings with the Securities and Exchange Commission. Westfield Financial, Inc. and the Bank do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.