The Cape Cod Five Cents Savings Bank celebrated the opening of its new branch at 412 State Road in Vineyard Haven with a ribbon-cutting ceremony on June 1. A press release quoted Dorothy A. Savarese, president and CEO of Cape Cod Five, as saying, “We are so pleased to be expanding the services we offer in Vineyard Haven and throughout the Island. As a community bank, we are deeply involved in the towns we serve. With our new Vineyard Haven branch, we are expanding our commitment to a community we began serving many years ago.”
Richard Leonard, a third-generation Martha’s Vineyard native and Cape Cod Five’s regional president – Martha’s Vineyard, noted that the new office is a full-service branch, including a two-lane drive-up and ATM. It allows customers convenient access to all Cape Cod Five products and services, including checking, savings, wealth management, cash management, government banking, and residential and commercial lending.
Savarese expressed gratitude to the residents and businesses of Martha’s Vineyard for the trust they have placed in the bank over the years. Cape Cod Five also has a lending and wealth management office in Vineyard Haven, which opened in 2012.
Participants in the ribbon cutting included Dorothy A. Savarese; Richard Leonard; Christopher Raber, chief real estate officer; Tristan R. Israel and Larry J. Gomez, members of the Tisbury board of selectmen; and Melinda F. Loberg, chairman of the Tisbury board of selectmen. Many other Martha’s Vineyard residents observed the ribbon-cutting event.