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Marlborough Savings Bank Set to Open New Downtown Branch Monday

September 12, 2010  – Marlborough Savings Bank’s towering new downtown branch will open its doors for business tomorrow.

The business broke ground on its 81 Granger Blvd. location last October. The three-story, 16,000-square foot building will serve as the bank’s corporate headquarters and main office.

“Our goal was to make it a very comfortable and inviting experience,” said Ellen Dorian, senior vice president of marketing and human resources. “I think we achieved that.”

The branch has state-of-the-art telecommunications, energy efficient components and a drive-through ATM. Dorian said she especially likes a lobby wall near the elevator that details the bank’s history.

Council President Arthur Vigeant said he is happy to see the new branch at a corner that has dealt with blight over the years.

“The building’s obviously turned out beautiful,” Vigeant said.

Vigeant, who plans to attend the bank’s ceremonial ribbon cutting tomorrow, said downtown continues to expand.

“It’s just a wonderful addition to our downtown area,” said Susanne Morreale Leeber, president and CEO of the Marlborough Regional Chamber of Commerce, who will also attend tomorrow’s ceremony. “It’s an impressive building, but it’s also a destination.”

The ribbon cutting is scheduled for 7:45 a.m. Mayor Nancy Stevens, U.S. Rep. Jim McGovern, D-3rd, and bank president Rick Bennett are expected to speak at the event.

The new branch is slated to open for customers at 8 a.m. with the bank beginning its “Crack the Vault” contest, offering a chance to win $25,000.

The bank is keeping its operations and information technology work at 166 Main St. but moving everything else from that location to the new building. The bank is vacating 178 Main St., moving that space’s loan center to Granger Boulevard.

The City Council approved tax breaks for the bank last year while the business pledged to add 13 jobs over 13 years at the new location and retain its 40 jobs downtown.

Marlborough Savings Bank is celebrating its 150th anniversary this year.

Although the goal opening date for the new branch was slated for earlier in the summer, “We’re happy that we’re here,” Dorian said. “We weren’t going to rush this project to meet an arbitrary deadline. It’s more important to have things done well.”

This story originally appeared here