By LISA CAPOBIANCO
Bristol will welcome a second Thomaston Savings Bank full-service branch in the upcoming year.
City leaders and the Bristol Chamber of Commerce recently celebrated a groundbreaking ceremony of the bank’s new branch that will be built at 120 Farmington Ave. The 2602-foot state-of-the-art facility will include convenient hours, a drive-thru, and a 24-hour drive up ATM, which will complement the bank’s financial banking center on Middle Street here in Bristol. The bank’s location at 44 Middle St. opened in 2012.
About a month ago, the site where the new branch will be located had five parcels, which were used for commercial and residential purposes. Associated Architects, LLC designed the new building and PAC Group, LLC is the contractor in charge of construction.
A couple of weeks before the groundbreaking, demolition took place on the site. The project is expected to be completed next April, bringing five to six new bank employees.
Stephen Lewis, president and CEO of Thomaston Savings Bank, said the new branch will add another convenient location for the bank’s existing customer base while attracting new customers on the Route 6 side of Bristol.
“It’s going to allow the other area of the town to access us easier,” said Lewis, adding how the project has moved along quickly. “We love the site.”
The new branch on Farmington Avenue serves as the bank’s 12th service banking location. Thomaston Savings Bank has other branches located in Waterbury, Watertown, Middlebury, Terryville, Harwinton, Thomaston, and Bethlehem. A new full-service branch in Oakville is expected to open early next year.
A state chartered mutual savings bank that was incorporated in 1874, Thomaston Savings Bank prides itself on giving back to the communities it serves. Last year, the bank contributed over 6,800 hours in volunteering for community organizations, and the bank’s gifts and grants awarded to Bristol non-profit agencies and organizations totaled $373,853.31 between 2011 and 2014.
In Fiscal Year 2015-2015, the bank’s community support to Bristol area organizations totaled $29,125, which included the Bristol Boys & Girls Club, Bristol Hospital, the Central Connecticut Chambers of Commerce, schools, churches, and other non-profits. This year, Thomaston Savings Bank was the recipient of the Special Service Award during the Bristol Boys & Girls Club’s 31st annual Humanitarian Dinner. It was recognized for its dedication to youth. The bank has provided employee volunteers, jobs for local youth, and financial support.
Lewis said the new branch on Farmington Avenue will further demonstrate the bank’s commitment to the Bristol marketplace.
“We consider ourselves a strong member of the Bristol community,” said Lewis, adding that the bank will continue to provide financial and volunteerism support to Bristol.
PHOTOS by MIKE CHAIKEN