Pittsfield-based Berkshire Bank will permanently close two Central Massachusetts branches in Westborough and Marlborough, according to the June 30 activity report by the Massachusetts Division of Banks and Board of Bank Incorporation.
The bank does not anticipate that any jobs will be lost as a result of the closures, according to a statement from Berkshire Bank, whose parent company is based in Boston.
The closures were the result of a regular evaluation of Berkshire’s network of financial centers, which seeks to optimize its network of financial centers to allow it to invest in customer experience, personnel, and its digital banking platform, according to the bank.
The branch at 303 Turnpike Road in Westborough has been temporarily closed since the beginning of the COVID-19 pandemic.
The branch at 322 Maple St. in Marlborough will cease operation on Sept. 29. Berkshire’s other closures were in Pittsfield and Otis.
Berkshire Bank is the sixth largest bank in Central Massachusetts, with local deposits of $2.7 billion as of June 30, 2022, according to the WBJ Research Department. The bank has $12.3 billion in assets as of March 31, according to data from the Federal Deposit Insurance Corp.
