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June 8, 2015

Webster Five seeks branch move to Mechanics tower

Webster Five Cents Savings Bank has asked for the state’s approval to move its downtown Worcester branch around the corner from Commercial Street to the former Mechanics Bank tower on Front Street, the bank announced Monday.

The bank plans to open the office, at 100 Front St., in early September should the state banking commissioner allow the move. The Front Street space, nearly 2,800 square feet, will provide a larger lobby, new offices and a conference room.

The bank’s expanded business banking team recently relocated to the 19th floor of the same building.

In a statement, Webster Five said the relocated branch will continue to offer the same products and services and will feature a walk-up ATM.

“We are pleased to move to a larger, newer facility,” said Joe Radovanic, the bank’s senior vice president of retail administration. “This relocation will carry on our commitment to providing up-to-date financial solutions to our customers and we are happy to support the Worcester City Square initiatives.”

The bank has seven locations, including another in Worcester on Chandler Street.

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