Dear Customers, Shareholders, and Friends:
I am pleased to inform you that the shareholders of Westfield Financial, Inc. and Chicopee Bancorp, Inc. have both voted to approve the merger of Chicopee Savings Bank with and into Westfield Bank, creating the largest locally managed bank in Hampden County, Massachusetts, and the second largest bank in terms of deposit market share in the county.
Having received final regulatory approval, the merger of the two banks became official on October 21, 2016. The actual conversion of Chicopee Savings Bank customer accounts and branch offices is scheduled take place at the end of this year.
This is an excellent opportunity to combine two well-respected local financial institutions that share a deep commitment to our customers and the communities we both serve. Together, Chicopee Savings Bank and Westfield Bank will be better positioned for the future and remain competitive for continued growth and success.
To learn more about the merger, please click on the links below for some helpful resources.
On behalf of everyone at Westfield Bank, I welcome the staff and customers of Chicopee Savings Bank. Together, our products, our services, and our ability to serve customers across the region will be better than ever.
James C. Hagan
President and CEO