Springfield lender New Valley Bank & Trust, Massachusetts’ first newly chartered bank in a decade, will formally open for business Thursday.
It is housed in One Monarch Place in downtown Springfield, said New Valley CEO Jeff Sullivan.
As previously reported, the federally insured, independent lender was organized with initial capital of $25 million by more than 300 Connecticut and Massachusetts investors, many of whom are among New Valley’s inaugural commercial customers.
Sullivan said a formal grand opening is scheduled from June 10 through June 14.
