Fairfield County Bank will open a new Westport branch in two to four weeks at the Settlers & Traders Building, 215 Post Road West. Simultaneously, the bank plans to close its branch located about one mile away at 506 Westport Ave., Norwalk. The bank is also building a branch on the corner of Post Road East and Compo Road South and has a branch at 180 Post Road East. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
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Wow. It’s a good thing that they are building on and paving over that previously open and scenic lot at corner of Compo/Post Rd. Now I’m no banker but I can’t imagine these decisions help the bottom line.
The need to build a new bank when they had one makes sense only to banks. And do banks makes sense or is it cents? The economy holds the answer.
Every time I drive by, what is already an eyesoar at, Compo and Post Road it upsets me. The nice brick wall is gone and will not return and neither will those trees. Instead we’ll get 10,000 sqf of office and bank. Some people call it progress. I don’t.
I don’t call it progress either.
It’s about time that they built some more banks in this town. I tired of having to drive over a quarter of a mile to get to a bank. I feel sorry for the folks who live north near the Merritt Parkway. Those folks have to drive over a mile to get to a bank. Surely there is someplace near the Merritt where is room for a bank. Maybe they could use some of the new Y land to build a bank. Maybe once we get enough banks, we can start to concentrate on the need for more nail salons.
The banks Board should be fired over this decision. Poor planning… I guess they want to follow the Citi model…a bank branch on every corner. STUPID!!!!!
Of course the best way to make our thoughts known is not to place any money in this bank. Problem is the building, the one on Compo and Post, won’t turn back into what it was, an undeveloped lot with character.
It
Point well taken Michael. I will say however that if it were not for you owning the property at 215 Post Road West…your building might very well have been turned into another DRYVIT stucco strip center.
Every time a bank opens in Westport, a number of folks complain about it here. For perspective, you might want to try living in a town where no banks want to open. I’ve done that, more than once, and may be more familiar with this kind of town than many Westporters are. Banks want to open in Westport because it is a thriving community with economic vitality.
For all that folks want, understandably, to preserve about Westport, we should remember that such preservation is only possible if the town remains economically vibrant and vital. Towns that aren’t economically vibrant don’t preserve much of anything. Their charming downtowns don’t fill with chain stores: they empty out, board up, and decay. Their older homes don’t get knocked down for new ones: they rot and crumble.
You may not like the sight of new banks, or you may not like the number of them. But you’d most likely prefer it to a town where nobody wanted to open a bank.
It is not that there are banks, but the number of them.
I’m glad that Michael’s building was preserved because of the bank, thanks for pointing that out Michael, but that does not justify the need for another bank or the loss of another piece of undeveloped land (Compo & Post).