Dime Bank Announces Plans to Open New Branch in Vernon
Vernon will be Dime Bank's third location in Greater Hartford
Dime Bank, whose main office is located at 290 Salem Turnpike, Norwich, CT, announced that it has filed an application with the CT Department of Banking and Federal Deposit Insurance Corporation for consent to establish a new branch at 135 Talcottville Road, Vernon, CT 06066. The new branch would be Dime's 14th, with 13 locations throughout Connecticut and 1 in Westerly, Rhode Island.
Currently, there are no community banks operating in Vernon and Dime's entrance into the area means community banking will again be an option for local customers. The bank's decision to expand into Vernon comes on the heels of Dime opening new branches in Manchester and Glastonbury in December, 2020.
"For over 150 years, we've provided inspired community banking to individuals, families and business owners in Connecticut and Rhode Island and we look forward to the opportunity to do the same in the Vernon and Rockville area," said Nick Caplanson, Dime's President and Chief Executive Officer. "It's clear that not everyone wishes to do their banking with larger, out-of-state financial institutions and we're happy to welcome customers who remember how banking used to be and still prefer the services, familiarity, and community-based commitment of a local bank."
The Dime Bank branch in Vernon, pending regulatory approval, is expected to open later this fall.
About Dime Bank
Established in 1869 and providing inspired community banking for over 150 years, Dime Bank is a mutual bank with over $1 billion in assets and 13 convenient branch locations throughout southeastern and greater Hartford, Connecticut and Westerly, Rhode Island. As a full-service financial institution, Dime offers consumer and commercial banking, home mortgages and trust services – all delivered with a personal touch. BauerFinancial, Inc., a national bank rating firm, recognizes Dime Bank, as one of the strongest banks in the nation. For more information about Dime Bank, visit https://dime-bank.com.
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