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Bristol County Savings Bank Opens First Downtown New Bedford Office

Nancy Cabran and Dave MedeirosTAUNTON, MA, March 22, 2018 — Bristol County Savings Bank (BCSB), headquartered in Taunton, Massachusetts, announces that it is opening its new office today in the historic Candleworks building at 70 North Water Street in downtown New Bedford.  The opening marks the third banking office in New Bedford for the Bank and its first downtown.  The new office, renovated by builder A.P. Whitaker & Sons of West Bridgewater, Massachusetts and architectural firm studio2sustain inc. of New Bedford, features a retail branch on the first floor (Water Street level), a loan office and community room on the second floor, drive-thru ITMs (Interactive Teller Machines), a night deposit box for business customers and ample off-street parking.

The Bank also has an experienced team in place that has firm roots in the greater New Bedford area, including Nancy Cabral, Downtown New Bedford 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.

“Today’s opening of our branch in the heart of downtown shows our commitment to further improving our customer’s banking experience in New Bedford by placing a priority on convenience and technology while maintaining our core competency of providing solid, traditional banking and improving the communities we serve,” said Patrick Murray, President & CEO of Bristol County Savings Bank.  “During the entire construction process, the Bank focused on meticulously maintaining the integrity of the historic Candleworks building.  We encourage everyone to stop by, say ‘Hello’ and take a look around as we think you will be as proud as we are with the end result.”  Murray added that a formal ribbon cutting ceremony will take place in the spring.

Throughout the two-story restoration, the Bank took great efforts to retain the unique features of the historic space that once housed a factory that made candles from whale oil.  On the first floor, an innovative lobby design welcomes customers who can bank with the full service help of experienced Universal banking professionals, all in an environment that evokes the rich maritime history of the port city.  The second floor was extensively renovated to accommodate the Bank’s team of lending officers and also features a community room available for use by local organizations.  Outside, a new, state-of-the-art drive thru just off Route 18 has been built to provide convenient access to a night deposit box and drive-up Interactive Teller Machines that can connect to live tellers who are available before and after normal branch hours.

“We are so excited to open our doors today and further strengthen our connections in the downtown community,” added Cabral.  “We have a solid, experienced team of familiar faces from the local community ready to assist our customers with all of their banking needs, along with the technology and processes to ensure their banking experience is easy and enjoyable.”

The 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.