February 20, 2019

Chase Bank to open first area branch

Photo | Flickr via Adam Fagen
Photo | Flickr via Adam Fagen
A Chase Bank location.

JPMorgan Chase Bank is poised to open its first branch in north-central Connecticut in South Windsor's Evergreen Walk area.

An application to build the 3,500-square-foot branch is set to go before the Planning and Zoning Commission on Feb. 26.

Chase, the largest bank in the United States, currently has branches in towns along the Connecticut shoreline and in Fairfield County.

The bank announced in October that it plans to open 60 retail branches and 130 ATMs in greater Boston and New England over the next five years, resulting in up to 350 jobs.

Representatives had no further comment on their expansion into Connecticut.

The Office of the Comptroller of the Currency within the U.S. Department of Treasury, which regulates federal banks, has also approved applications to open JPMorgan Chase Bank branches in Avon, Cheshire, Hartford, and Ridgefield, it says on its website.

Architects from South Windsor-based Design Professionals Inc. submitted the application for the bank building to the Planning and Zoning Commission in January, records on the town's website indicate, and architect Benjamin Wheeler will present the plan of development to the PZC on Feb. 26.

The plan has been well-received, he said, with approvals from the town's Inland Wetlands Agency and Architectural & Design Review Committee.

The bank, branded as a wealth management center, would be located at 190 Buckland Road, a portion of a 13-acre property encompassing 190, 206, 218, and 240 Buckland Road, Wheeler said.

The property has space for more development, such as stores or offices, he said.

Wealth management centers have a more customer-focused experience and an inviting interior than traditional bank branches, he said. The building design includes a drive-up ATM and an exterior with a brick and stone fašade.

Cheshire-based engineering consultant Milone & MacBroom Inc. completed a traffic study for the proposed development, which would be adjacent to M&R Liquors at 206 Buckland Road and have access to the driveway there.

The bank would also have a new driveway opposite Hemlock Drive, which serves as the northern access to Evergreen Walk.

The traffic study predicts that the bank would generate about 33 new vehicle trips during weekday mornings, 62 trips in the afternoon, and 72 trips midday on Saturdays.

While Buckland Road's intersections with Cedar Avenue and Tamarack Avenue are projected to operate with acceptable levels of traffic, engineers recommended upgrading the existing traffic signal and altering the lanes at the intersection of Buckland Road and Hemlock Drive.

Project architects and engineers will give an overview of the proposal at the Feb. 26 PZC meeting, to be held at 7 p.m. in Town Hall's Madden Room.

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