Bank consolidates Winsted branches

WINSTED — After almost 86 years of operation, Northwest Community Bank will close its branch at 654 Main St. and consolidate services at its main branch at 86 Main St. on Saturday, Oct. 29.According to Gayle Moraski, vice president of the bank, the branch first opened in 1925 as the Winsted Savings Bank. In 1995, Winsted Savings Bank merged with Northwest Community Bank, which was already operating a branch out of 86 Main St.Despite the purchase, Northwest Community Bank decided to keep both Winsted branches open for the next 16 years.Moraski said that there are eight employees who currently work at the 654 Main St. branch and that no employees will be laid off due to the move.“The staff has known about this since January and they have helped us in consolidating both branches,” Moraski said. “To help in serving customers, once the merger is complete we will be extending office and drive through hours.”Once the bank leaves in October the building will not be entirely vacant.The Connecticut Mutual Holding Co., which owns Northwest Community Bank, will continue to run an operations center in the back of the building.As for the building itself, it has been put on the market with Litchfield County Real Estate for $790,000.“If we find a buyer, maybe they will let [the company] continue to lease from there,” Moraski said. “We previously contacted several parties who we thought might be interested, but no one has shown any interest in the building.”Moraski said that customers should not see any interruptions in service during the moving process.

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