Rollstone To Build New Leominster Branch

Rollstone Bank & Trust intends to build a full-service branch at the site of the former Friendly's restaurant in Leominster's Monument Square, the bank announced.

The Fitchburg-based financial institution said it's under agreement to buy the site at 24 Monument Sq. It is working with Patrick McCarty of McCarty Engineering in Leominster and the architectural firm of Patrick J. Slattery Architects to plan the space.

The location will also have a community meeting room and will house the bank's wealth management division, which focuses on trusts, investments, financial planning and insurance. The upper floors of the building will have office space for lease. It's expected to total about 15,000 square feet, split evenly for the bank and office rentals.

"Since first extending our footprint into Leominster, nearly 20 years ago, our customer base in that city has grown tremendously," said Martin F. Connors, Jr., Rollstone's president and CEO. "The new location will help us better serve our existing customers and also allow us to better accommodate our wealth management clients. That division is outgrowing its current office space, and the additional square footage will be more conducive to helping our customers with their financial planning."

Rollstone expanded into Worcester early last year by opening a branch on East Central Street in the city. It currently has seven branches across Central Massachusetts, including three in Fitchburg, two in Leominster, and one each in Harvard and Townsend, along with the Worcester locale.