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Pentucket Bank is officially open at its new White’s Corner branch in downtown Haverhill after an absence of about two years.
The One Merrimack St. branch occupies the ground floor of the newly completed 660-space parking garage at the corner of Main and Merrimack Streets. It is the latest milestone in the mixed-use project that will ultimately bring 395 apartments, restaurants and retail space to the center of the city.
“Downtown revitalization doesn’t happen through abstract market forces alone. It happens when local institutions decide to be participants rather than spectators; when they put their name on a building, take a risk alongside their neighbors and send a signal that they believe in where they come from. That’s what this reopening represents,” said Pentucket Bank President and CEO Stephen Jaskelevicus, a lifelong Haverhill resident. He added, “We believe in downtown Haverhill, we helped clear the way for this project to happen and today we’re here.”
Pentucket Bank got its start in downtown Haverhill in 1891.
The bank said its involvement in the redevelopment began when city officials sought to replace the aging Herbert H. Goecke Jr. Memorial Parking Deck. Pentucket Bank agreed to sell its longtime corner property to developer Lupoli Companies to make the broader redevelopment possible.
The new branch is described as “a modern open space concept “that offers two drive-up lanes, a drive-up ATM, dedicated ground-floor garage parking and safe deposit boxes. Mortgage representatives and investment advisors are also on hand and the branch features a community room open to local organizations for meetings, trainings and planning sessions.