People’s United Bank is moving into the old Middlesex Savings Bank space in Linden Square come October much to the relief of all those in Wellesley who have been stuffing dollars under their mattresses for lack of a local place to put the money. (Thanks to a reader for passing along the info/photo.)
People’s United Bank, founded in 1842, is a community-based, regional bank offering commercial and retail banking as well as wealth management services through a network of 416 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.
Middlesex Savings Bank vacated the space People’s is moving into earlier this year, relocating into part of the old Whole Foods Market spot in Wellesley Hills, while Brookline Bank opened a branch near the new Whole Foods. First Republic Bank earlier this year moved in nearby the Middlesex bank. Wellesley Bank added a third branchin town this year as well.
Meanwhile, Wellesley will gain a Century Bank at 75 Central St., in Wellesley Square by year-end as well. First Financial Trust also moved into town this year.
Some Newton officials have been pushing to restrict the number of banks in that city, but a proposal has been put on hold for now. Might Wellesley try something, too?
If anyone in town has diversified and put money into every different bank in town, let us know and we’ll share this human interest story with the rest of our readers!