Ascend Bank Opening Downtown Norwich Banking Hub for Business Development and Community Growth

Ascend Bank will establish a new downtown Norwich office at 187 Main Street to support loan production, business banking, and community development. This expansion reflects the Bank's longstanding commitment to the city and its continued investment in the city's future.

Located in the former home of the Greater Norwich Area Chamber of Commerce, the new office enhances Ascend Bank’s connections with the organizations, businesses, and community leaders advancing Norwich's revitalization and economic development efforts.

"Norwich has been an important part of Ascend Bank's history, and we remain deeply committed to its future," said Kyle Eagleson, President and Chief Executive Officer of Ascend Bank. "Opening this downtown office reflects our confidence in Norwich and strengthens our connection to the local business community, enabling us to better support growth and opportunity across the city."

The office will serve as Ascend Bank's downtown hub for its expanding commercial lending, business banking, and support operations – helping to strengthen client relationships and advance the Bank's work throughout Eastern Connecticut.

"Relationships have always been at the center of community banking," said Lisa Griffin, EVP, Director of Marketing and Eastern Market President of Ascend Bank." This location creates a collaborative environment where our lenders, commercial and business banking professionals can work directly with clients and community partners. It also strengthens Ascend Bank’s ability to support economic opportunities throughout Norwich and the surrounding region."

While the new location is not a retail banking branch, residents and clients seeking full-service banking services will continue to be served through Ascend Bank's two Norwich-area branches, located less than two miles away at 666 West Main Street, as well as at its 220 West Town Street office, both of which remain open and ready to serve clients.

"Ascend Bank's decision to establish an office at 187 Main Street is great news for Norwich," said Angela Adams, Executive Director of the Greater Norwich Area Chamber of Commerce. "Their continued investment in the city strengthens our business community and reflects a shared belief in the opportunities and growth taking place throughout downtown."

The new office offers Ascend expanded capacity to serve commercial and business banking clients throughout the region while maintaining a strong presence in downtown Norwich.

"The establishment of this business banking and lending office represents an important investment in Norwich and the surrounding business community," said Lyle Fulton, First Executive Vice President and Chief Lending Officer of Ascend Bank. "Being located in the heart of downtown allows our lending and business banking teams to remain closely connected to local businesses while providing the financing, expertise, and support that help companies grow, invest, and create opportunities throughout the region."

The downtown Loan Production Office is slated to open in the first quarter of 2027, subject to regulatory approval.

About Ascend Bank

Ascend Bank has been serving the financial needs of individuals, families, and businesses in Connecticut for over 151 years. Founded in 1875 by local business owners, it has grown into a $1.5 billion bank with twelve banking offices, offering a full suite of personal, business, commercial and digital banking services to clients throughout the state. For more information, visit ascend.bank or follow Ascend Bank on Facebook, Instagram and LinkedIn.