1. At bankESB, Growth Continues on a Number of Fronts

    At bankESB, Growth Continues on a Number of Fronts

    In this era of rampant mobile banking, opening a physical branch is a different proposition than it used to be, Matt Sosik said. But it’s still an important one. “At this point in the cycle of our industry, branching has fallen by the wayside a little bit,” said Sosik, president and CEO of bankESB, which recently opened its 11th branch on Sargeant Street in Holyoke — a move that, despite the declining emphasis on bricks and mortar, made a lot of sense. “We feel we’ve been banking with the people of Holyoke for years and years, so Holyoke is ...

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    1. At this point in the cycle of our industry, branching has fallen by the wayside a little bit.
    2. When you think about how the customer has gotten physically away from us, that's less so with the commercial business.
    3. We have a commitment to mutuality and building those local brands, building market share in each region, then we consolidate and make efficient the back-office and operation side. We think that's a compelling business structure going forward.
    4. We have some exciting transactions in the works, and we hope to be able to announce those transactions within the next 30 to 45 days.
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