Belmont Savings to Close Cushing Square Branch in Consolidation Move

Belmont Savings Bank announced yesterday, Wednesday, Oct. 16, that it is closing its Cushing Square branch in January, 2014. 

“The decision to close the Cushing Square branch was a practical one, given its close proximity to two other full service Belmont Savings Bank branches," said Robert Mahoney, Belmont Savings' president and CEO.

The bank noted in its press release that it expects no disruption in service and that, for the convenience of its customers, all accounts will be automatically transferred to the 277 Trapelo Rd. branch (across from CVS) located less than half-a-mile away. 

The Bank also confirmed that all Cushing Square staff members will remain with the Bank, serving customers at other neighboring locations.

"This change will allow us to continue to offer great service, competitive products and pursue our growth strategy which includes new markets. Belmont Savings remains committed to serving the residents and businesses in Belmont for years to come,” said Mahoney.

Earlier this year, Belmont Savings opened two full service in-store branches inside Shaw's Supermarkets in nearby towns: at 699 Mount Auburn St. in Cambridge, and another at 33 Austin Street in Newtonville overlooking the Mass Pike.

Customers with questions regarding the transition should contact Nancy Sarris, Senior Vice President Retail Banking, at 617-484-6700.

Belmont Savings Bank, a member of the FDIC and DIF, is a $909 million, full-service Massachusetts savings bank headquartered in Belmont dedicated to quality, convenience, and personalized service. For more information, visit its web site or "like" Belmont Savings on Facebook.