Westfield Financial (WFD) in Massachusetts is preparing to enter Connecticut.
The $1.3 billion-asset company has filed for regulatory approval to open a branch in Granby, Conn., which would be its first location outside of western Massachusetts. Westfield plans to open the branch in the next few months, and will announce a date when it receives approval.
The company said that it has begun looking for staff for the new branch, including a commercial lender and branch manager. "We're excited to expand our presence into Connecticut. Granby provides us with a solid base to reach a broad range of consumer and businesses for their deposit and borrowing needs," said James Hagan, the president and chief executive of Westfield's bank.
Westfield Bank has 12 total branches, including five in Westfield, Mass.