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Bristol County Savings Bank Announces Plans to Open First Downtown New Bedford Office

Photo of Downtown New Bedford Branch Groundbreaking CeremonyTAUNTON, MA, June 29, 2017 — Bristol County Savings Bank (BCSB), headquartered in Taunton, Massachusetts, announced plans to open an office in the historic Candleworks building at 72 North Water Street in downtown New Bedford at a ceremonial groundbreaking event this morning. The opening, scheduled for the fall after interior renovations are complete, will mark the third banking office in New Bedford for the Bank and its first downtown. The new office will feature a retail branch on the first floor, a loan office on the second floor, drive-thru ITMs (Interactive Teller Machines), a community room, a night deposit box for business customers and ample off-street parking. The owner of the Candleworks building is New Bedford, Inc., the architect for the project is studio2sustain Inc. of New Bedford and the builder is A.P. Whitaker & Sons of West Bridgewater, Massachusetts. The popular Carmines Italian Ristorante will remain in the lower level of the building.

“Our commitment to New Bedford continues to grow,” said Patrick Murray, President & CEO of Bristol County Savings Bank. “We have been searching for a downtown office location that would be convenient for our current and future customers and now that we have found one we can look forward to becoming an even more visible and vital part of the downtown community.” Murray added that the decision to make the iconic Candleworks building its downtown New Bedford home was especially apropos considering the long, distinguished histories of both the Bank, which was founded in 1846, and the City, which was incorporated in 1847.

“New Bedford is pleased to welcome another office of Bristol County Savings Bank to the city, in the heart of downtown,” said Jon Mitchell, Mayor of the City of New Bedford. “As downtown continues to grow, the branch will be an ideal location to serve its clients.”

As part of the groundbreaking ceremonies, Murray introduced the Bank’s future downtown New Bedford team, including Nancy Cabral, Branch Manager and David Medeiros, Vice President-Regional Banking Officer, as well as commercial loan officers Pete Selley, Senior Vice President, and vice presidents, Jeff Pagliuca, Michael Patacao, Jack Silva and Andy Springer.

Rendering of the new Downtown New Bedford BranchThe Candleworks building was built around 1810 and operated as a candle factory during the whaling era. Prior to the use of petroleum, a waxy substance taken from whales called spermaceti was used to produce the best candle on the market due to its long burn time, bright light, clear appearance and hard form. In the late 1960s a fire in the building made it a candidate for demolition but the Waterfront Historic Area League and the Architectural Conservation Trust intervened. The building was restored and reopened in 1979 as office and commercial space.