News - 04/21/2022

PeoplesBank Announces New Banking Center in South Windsor, Connecticut

As one of the largest mutual banks in New England, PeoplesBank continues to expand its digital and face-to-face customer services in Connecticut.

HOLYOKE, MA (April 21, 2022) – Fresh off its successful launch in the center of West Hartford and the complete renovation of its Suffield Banking Center, PeoplesBank has announced that it will add to its Connecticut footprint by building a new 2,000-square foot banking center at 25 Cedar Avenue in South Windsor. The Banking Center is expected to be the anchor for other adjacent development which may include a restaurant, coffee and retail shops, and a medical office building.

Designed by Tecton Architects of Hartford, the Banking Center will feature many of the innovative technologies that PeoplesBank has rolled out at its other new and renovated locations, including two VideoBankerITMs and two EV charging stations. PeoplesBank’s VideoBankerITM network greatly expands customer convenience through expanded bank days and hours. The new Banking Center will also utilize the bank’s Universal Banker approach, which allows its associates to provide a wide range of banking services to customers.

"With all the recent merger activity, it's clear that there is a need for more community banking."

Tom Senecal, President & CEO of PeoplesBank

“With all the recent merger activity, it’s clear that there is a need for more community banking,” explained Tom Senecal, President & CEO of PeoplesBank. “As a mutual bank, we cannot be bought or sold. Our profits are not diverted to stockholders but, instead, are reinvested into services to our customers and support for the communities where they live. Our new South Windsor banking center will also be a catalyst for other nearby services, all of which will benefit the community.”

PeoplesBank set an institutional record in 2021 by donating $1,315,000 to charitable organizations that focus on food insecurity, housing, and literacy in Connecticut and Massachusetts. Further, PeoplesBank’s associates volunteer thousands of hours per year, and 74 of them have served on 54 nonprofit boards.

The new South Windsor Banking Center is expected to be open in 2023.

About: PeoplesBank is a leader in innovation, corporate responsibility, environmental sustainability, and employee engagement. Our three LEED® certified offices are environmentally friendly, and we have financed more than $188 million in wind, hydroelectric, and solar energy projects.

As a community bank we have a unique ability to help the communities we serve through volunteer efforts and millions of dollars in donations to charitable and civic causes.

PeoplesBank is a mutual bank and therefore is responsible to our depositors, employees, and the community. This organizational structure allows us to focus on the long-term viability of the bank and the best interests of our customers. We currently have 20 banking centers located in Massachusetts and Connecticut.

Media Contact
GCAi for PeoplesBank
Mary Cate Mannion, 413.736.2245
[email protected]