Savings bank

The Caisse d’Épargne organizes a groundbreaking ceremony

Members of the Board of Directors, General Management and Facilities Teams of the Savings Bank recently participated in a groundbreaking ceremony at 3 Chestnut Street in Wakefield in preparation for the new addition and the two-story extension.

The savings bank

The savings bank

It’s an exciting time for The Savings Bank as we begin building the long-awaited expansion of our physical footprint.”

— Bob DiBella, President and CEO of Caisse d’Epargne

WAKEFIELD, MASSACHUSETTS, USA, July 8, 2022 /EINPresswire.com/ — The Savings Bank recently held a groundbreaking ceremony at 3 Chestnut Street in Wakefield, adjacent to the Bank’s main office at 357 Main Street. Construction is about to begin on the two-storey addition and expansion that will house the Bank’s commercial banking, human resources, training, facilities and information technology departments.

The site, previously occupied by Chas. F. Hartshorne & Son Insurance, was purchased by the Savings Bank in 2018 to expand its downtown campus and incorporate off-branch Lakeside Office Park employees. The proximity of the two buildings will allow access for customers and staff between the main office and the addition. Completion and occupancy are scheduled for early 2023.

“This is an exciting time for Caisse d’Epargne as we begin building the long-awaited expansion of our physical footprint,” said Bob DiBella, President and CEO. DiBella was joined by members of the Bank’s Board of Directors and the management team involved in the project, as well as architectural firm LYF Architects and the construction team from Essex Builders at the recent inauguration .

“LYF Architects applauds the Savings Bank’s continued commitment to having a strong presence in downtown Wakefield,” said Thomas F. Galvin, Principal Architect, LYF Architects. “We are honored to lead the design effort to extend their footprint and services to the main street campus. It was truly a collaborative effort between the management of the savings banks, our design team and Essex Builders to carry out this project.

“Having worked alongside The Savings Bank and LYF Architects through a pre-construction survey process, Essex Builders Corp is delighted to see the Savings Bank office expansion project underway,” added Stephen Foley of Essex Builders Corp. “It was a pleasure to work with this project team and we look forward to a successful project.”

According to the Bank, final preparations are underway for the interior design which will ensure a seamless transition between the building and the head office and the Odd Fellows building.

“The Bank hopes to minimize disruption and inconvenience to local residents and those who work and frequent downtown as construction begins,” Di Bella added. “We appreciate the support we have received from the community, customers and our employees.”

Karen Benedetti
The savings bank
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