This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs