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Rockville Bank Files Notice With The Connecticut Department Of Banking To Close The Enfield St. Branch In Enfield

Stocks in this article: RCKB

GLASTONBURY, Conn., July 5, 2013 (GLOBE NEWSWIRE) -- William H.W. Crawford, IV, President and Chief Executive Officer of Rockville Bank (the "Bank") and Rockville Financial, Inc. (the "Company") (Nasdaq:RCKB), today announced that Rockville Bank filed a notice with the Connecticut Department of Banking of the Company's intent to close its branch located at 660 Enfield Street in Enfield effective November 1, 2013.

Rockville Bank will be sending personal letters to all customers who have bank accounts at the Enfield Street location to notify them of the Bank's decision and raise awareness of the other convenient banking locations and hours they offer at two nearby branches in Enfield, 231 Hazard Avenue and the Big Y Supermarket branch at 65 Palomba Drive.

In addition, employees from the Enfield Street branch will assume similar responsibilities at other Rockville Bank locations.

"After sincere deliberation and careful research – while always keeping our customers, employees and shareholders in the forefront of any decision – Rockville Bank has decided to close the branch at 660 Enfield Street," said William H.W. Crawford, IV, President and Chief Executive Officer of Rockville Bank. "We are confident this decision will have very little or no impact on our loyal Enfield Street customers because they will continue to benefit from a first-class banking experience at two other Rockville Bank branches just minutes away in Enfield."

Rockville Bank considered several factors before making this decision, including the number of transactions that take place at Enfield Street versus the Bank's two other Enfield locations; the low percent of market share captured by this location since it opened in September 2007; the large percentage of customers who have accounts in the Enfield Street branch as well as other Rockville Bank branches; and the minimal distance between Enfield Street and the Hazard Avenue and Big Y Enfield locations.

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