EagleTribune.com, North Andover, MA

Merrimack Valley

November 20, 2013

Construction of Pentucket Bank site to start in spring

NORTH ANDOVER — The Pentucket Bank has won the necessary approvals to build a branch office at the Butcher Boy Market Plaza.

The Planning Board and Conservation Commission recently granted permission to the project after lengthy hearings. The biggest hurdle was the proposed branch’s close proximity to Lake Cochichewick, North Andover’s drinking water supply.

Tougher environmental regulations restrict the amount of runoff that can flow into a water supply. Engineers for Angus Realty, which owns the plaza at Routes 133 and 125, solved the problem by directing the runoff into a system that takes it to the Merrimack River.

The coming of winter forced the bank to postpone construction until next spring, according to Gregory Shaw, senior vice president at Pentucket who directed the project. The bank also did not want to run the risk of having construction activity disrupt Butcher Boy Market during its busiest time of the year, he added.

The new branch office will be a separate, single-story building with a brick face, Shaw said. Pentucket Bank hopes the new branch will be open by next fall, he said.

This will be Pentucket’s sixth branch office. The bank, based in Haverhill, has three offices in that city as well as others in Salem and Hampstead, N.H. The North Andover office will be Pentucket’s sixth branch.

Shaw estimated the new branch will employ eight to 10 people.

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