EagleTribune.com, North Andover, MA

Merrimack Valley

December 5, 2012

Lowell 5 Bank nearly done on Route 125

NORTH ANDOVER – While the Lowell Five Cent Savings Bank is rapidly nearing completion near Main Street and Route 125, the Pentucket Bank of Haverhill, which plans to build a branch at the Butcher Boy Plaza, is awaiting approval from the Zoning Board of Appeals.

The board was scheduled to hear Pentucket’s request for a variance to build its sixth branch at 1077 Osgood St., near the intersection of Routes 125 and 133, on Oct. 9, but the bank’s attorney asked for a continuance until Jan. 8.

In the meantime, the Lowell 5 appears to be on track to open its 16th branch by the beginning of next year. That was the goal stated by Lowell 5 president David Wallace in June, shortly after the Planning Board approved the bank’s site plan.

For many years, a Mobil gas station occupied the site at 498 Chickering Road. For the last several years, the station was vacant.

Shortly after the Planning Board approved Lowell 5’s plans, Louis Minicucci, owner of the 498 Chickering Road site, had the former filling station demolished.

Construction of the new bank branch began in July. The masonry work on the building is largely completed and the parking lot has been paved.

Scott Cote, president of Pentucket Bank, told The Eagle-Tribune a few months ago he hoped to have the North Andover branch up and running by next summer.

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