bankESB to Build Branch in Holyoke

EASTHAMPTON — Matthew Sosik, president and CEO of bankESB, announced the bank’s intention to build a branch in Holyoke.

The entry into Holyoke provides an opportunity for bankESB to be a part of the recent revitalization of Holyoke, he said. It also reinforces the bank’s commitment to community banking in the local market.

For many years, Holyoke has been in bankESB’s top 10 communities for deposits. The bank currently services almost 1,000 customers from Holyoke with $18 million in deposits and $28 million in loans.

The new branch will be built on a lot currently owned by the city of Holyoke at the corner of Sargeant and Beech streets, next to CVS and the newly built Holyoke Senior Center.

“We are presently in the site design and review phase and plan on opening the branch in 2017. We are thrilled to add the convenience of a local branch for our existing Holyoke customers,” said Sosik. “At the same time, we are very excited to share our unique, community-focused brand of banking to the residents of Holyoke who are not yet customers. Holyoke has seen such a resurgence in recent years; we’re excited to be a part of that turnaround.”

Holyoke Mayor Alex Morse added that “bankESB is having an ever-increasing presence as a lender in Holyoke, driving the financing behind some of the largest projects in the city. I’m very excited they’ll have a physical location here as they continue growing their business and other business in the community.”