Business & Tech
East Boston Savings Coming to Former Murray Sandler Site
Bank to anchor new commercial site at Concord Avenue and Bright Road.
A new bank is coming to Belmont and it will be housed in the town's newest commercial development.
East Boston Savings Bank will be opening a branch office by year's end at the newly-constructed retail site at the corner of Concord Avenue and Bright Road, according to a statement released by Richard Gavegnano, the bank's chairman and CEO.
The 4,000 square-foot office will house a full-service branch as well as a loan center with commercial and residential officers serving the local market in and around Belmont, according to Gavegnano.
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Once the home of the Murray Sandler Skate Shop, the site for two to five tenants at 58-60 and 70 Concord Ave.
Orfaly bought the Sandler building and a former gas stationand in July of last year to construct the strip mall.
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The Belmont office joins the bank's 15 other branches along with its main office at 67 Prospect St. in Peabody.
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