By GlobeNewswire, September 12, 2013, 08:53:00 AM EDT
North Haven Location, Along With Their Already-Announced Plans for Hamden, Will Give Rockville Bank a Major Presence in the New Haven Area
GLASTONBURY, Conn., Sept. 12, 2013 (GLOBE NEWSWIRE) -- William H.W. Crawford, IV, President and Chief Executive Officer of Rockville Bank and Rockville Financial, Inc. (Nasdaq:RCKB), today announced the Company's plans to open a full-service banking branch in North Haven, Conn., making it the second retail branch location Rockville Bank plans to open in Greater New Haven in the coming months.
Rockville's application for a branch at 117 Washington Avenue in North Haven has been approved by the FDIC and the Connecticut Department of Banking. Bank officials expect to open this two-story, approximately 5,000 square foot branch in the third quarter of 2014. In July, Crawford already announced plans to open a nearly 2,000 square foot, full-service retail banking branch at 2290 Whitney Avenue in Hamden, Conn., later this year.
Establishing a strong retail banking presence in this part of the state is an important pillar of Rockville Bank's overall growth strategy that now extends along the I-91 corridor from New Haven to Glastonbury and Hartford.
Like Hamden, the North Haven branch will be a full-service banking location, providing retail and commercial deposit and loan products, investment advisory services, mortgage loan origination, small business products and night deposit services. In addition, this branch will have a drive-thru teller and an ATM.
"New Haven County is a unique opportunity that fits very well with our community bank strategy and our goal to become the best option to serve the area's community banking needs," said Crawford. "Both our North Haven and Hamden offices will have familiar faces working there who have close personal and professional ties to the area and have built a strong banking reputation among their customers and the community. That's genuine community banking and that's what Rockville Bank is bringing to Hamden and now North Haven."
"When you ask customers who know us why they bank at Rockville Bank, they will tell you it's because of the superior customer service we provide, the opportunity to build relationships with first-class bankers and the overwhelming generosity of our employees and the Rockville Bank Foundation," said Crawford. "As we expand our footprint to the greater New Haven area, the Rockville Bank Team looks forward to providing the same top-notch banking services and relationships so many of our customers in our traditional markets have benefited from for so long."
"It's an exciting time at Rockville Bank. Our growth strategy, especially as it relates to Hamden and now North Haven, not only gives us a greater presence in the New Haven area but it's a great opportunity for us to show these communities how Rockville Bank and our experienced team performs," said Stephen Villecco, Senior Vice President and Regional Loan Manager.
Currently, the Bank maintains a loan production office at 2319 Whitney Avenue where commercial banking executives and mortgage loan officers provide significant lending to individuals and businesses from the greater New Haven area.
In March 2013, Rockville Bank also opened a full-service banking center in West Hartford, Conn., as part of its expansion west of the Connecticut River and beyond its traditional market area in eastern Connecticut.
About Rockville Bank:
Established in 1858, Rockville Bank is a 22-branch community bank serving Tolland, Hartford, and New London counties in Connecticut. It provides a convenient banking for the residents and businesses of Colchester, Coventry, East Windsor, Ellington, Enfield, Glastonbury, Manchester, Rockville, Somers, South Glastonbury, South Windsor, Suffield, Vernon, West Hartford and is open seven days a week its Big Y supermarket locations in Enfield and Manchester. The Bank opened a New Haven County Commercial Banking Office in Hamden, Conn., and recently opened its doors to their full-service Banking Center in West Hartford, Conn. For more information about Rockville Bank's products and services, call (860) 291-3600 or visit www.rockvillebank.com.
CONTACT: Investor Relations Contact:
Marliese L. Shaw
Senior Vice President, Investor Relations Officer
Media Relations Contact:
Adam J. Jeamel
Vice President, Corporate Communications
Source: Rockville Bank