Martha’s Vineyard Bank Plans To Open A Third Falmouth Location

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Martha’s Vineyard Bank has acquired 84 Main St. in Falmouth, which was most recently a Bank of America branch, the bank announced this week.

Martha’s Vineyard Bank is currently filing with state and local regulators, including the Massachusetts Division of Banks and Federal Regulators, for approval to offer full-service financial services that may include consumer banking, mortgage and commercial lending, wealth management, and business banking services.

If approved, the 84 Main St. location will join two existing Martha’s Vineyard Bank locations in Falmouth: one at Palmer Avenue and the other at the ferry landing in Woods Hole. The bank operates seven additional branches located on Martha’s Vineyard in Edgartown, Vineyard Haven, Chilmark, West Tisbury and Oak Bluffs.

“Falmouth and Martha’s Vineyard are linked by Vineyard Sound and by generations of businesses, families, and friendships. Our investment on Main Street in Falmouth is a natural extension of our commitment to the communities we serve,” said James M. Anthony, president and CEO of Martha’s Vineyard Bank. “We look forward to expanding our relationships in Falmouth with a Main Street location.”

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