Northampton Co-op to open S. Hadley branch

  • Dollar bills  AP PHOTO/MARK LENNIHAN

Staff Writer
Published: 3/11/2019 3:36:00 PM

SOUTH HADLEY — Northampton Cooperative Bank will open a new location in South Hadley on Newton Street and combine two Amherst locations into one, according to the bank’s president.

The new South Hadley location will open at 487 Newton St., the site of the former Bank of America next to South Hadley Plaza, while the Amherst location at 253 Triangle St. will close and merge into the bank’s 390 College St. location in that town.  

“We’ve been looking at South Hadley for a while, and it’s an area that’s grown nicely, much as much of Hampshire County has,” said Michael E. Tucker, president and CEO of Greenfield Cooperative Bank, which also operates Northampton Cooperative throughout Hampshire County, “and rather than build from scratch, when the facility came up on the market, it was one that attracted us from the point of view that it has a good amount of traffic from (Route) 116 here, the plaza behind it is busy and vibrant and we felt this would be a good spot for a location.”

The South Hadley location will be the chain’s fifth Northampton Cooperative Bank, although the closing of the Triangle Street location in Amherst will bring the total back down to four. 

The Bank of America that previously operated on the parcel closed in March 2018. Greenfield Cooperative Bank plans on renovating the facility during the summer and hopes to open the new bank in Jan. 2020.

The branch will offer full teller services, including a drive-through teller, a 24-hour drive-up ATM, a night depository, safe deposit boxes, instant issue debit cards and a coin counting machine. The branch will bring five new jobs. 

Greenfield Cooperative Bank will consolidate the Amherst locations in part due to declining transaction volume, which Tucker said is in line with national trends. The Triangle Street location in particular saw decreased transactions, Tucker added, and “it just made sense to consolidate the two” into the College Street location. 

Tucker emphasized that no employees at the Triangle Street location will lose their jobs, but will instead move to the College Street location, giving customers “what they’re used to seeing at Triangle, at College.”

The Triangle Street branch’s lease expires at the end of the year, and Greenfield Cooperative Bank plans to consolidate the location into the College Street branch in October 2019. 

Jacquelyn Voghel can be reached at jvoghel@gazettenet.com.


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