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The Institution for Savings in Newburyport is planning to open its first full-service branch in Amesbury, the company announced Wednesday. The bank recently signed a purchase and sale agreement to purchase the building located at 150 Main St., the site of a former TD Bank branch that closed in early December.
“Opening a full-service office in Amesbury is a very logical move for us,” President and CEO Michael J. Jones said in a statement. “We already have a significant number of customers there, and having an office in the heart of Amesbury will allow us to better serve our personal and commercial customers. Our number one priority always is to provide the very best products and customer service in our market. We are excited to strengthen this pledge in Amesbury, not just by continuing to offer competitive rates and the lowest fees but also by becoming an integral part of the community through our charitable giving, community support and financial literacy initiatives.”
The $3.2 billion bank currently has 15 branches in Newburyport, Topsfield, Rockport, Salisbury, Rowley, Middleton, Ipswitch, Hamilton, Gloucester, Boxford and Beverly.
Pending regulatory approval, the bank hopes to undertake renovations and updates to the office, with the official opening tentatively scheduled for later this year.
