−Removed: The Bank’s headquarters building is located at 258 Elm Street in New Canaan, Connecticut.
+Added: The Bank’s headquarter building is located at 258 Elm Street in New Canaan, Connecticut.
The property is leased by us until 2031.
In December 2021, the Bank sold the property located at 220 Elm Street in New Canaan, Connecticut, which was previously used for our executive management offices.
+Added: During the second quarter of 2022, the Company sold its Wilton branch building that was previously classified as held for sale.
+Added: On October 7, 2022, the Company closed the Wilton branch.
We also lease office space for each of our branch offices in New Canaan, Stamford, Norwalk, Fairfield, Darien, and Westport, Connecticut.
The leases for our facilities have terms expiring at dates ranging from 2023 to 2031, although certain of the leases contain options to extend beyond these dates.
−Removed: We own the Wilton and Hamden branch offices.
+Added: We own the Hamden branch office.
We believe that our current facilities are adequate for our current level of operations.
Each lease is at market rate based on similar properties in the applicable market area.
−Removed: Management continually evaluates its branch and other office locations for opportunities to maximize cost savings while meeting our growth needs and the needs of our customers.
+Added: Management continually evaluates its branch and other office locations for opportunities to maximize cost savings while meeting our growth needs and the needs of our clients.
Our branch office locations are as follows:
1 unchanged sentence
Cherry Street 156 Cherry Street New Canaan, CT 06840 Lease (expires 2031)
−Removed: Bedford 612 Bedford Street Stamford, CT 06901 Lease (expires 2022)
+Added: Bedford 612 Bedford Street Stamford, CT 06901 Lease (expires April 2023) (1)
High Ridge 1095 High Ridge Road Stamford, CT 06905 Lease (expires 2028)
1 unchanged sentence
Sasco Hill One Sasco Hill Road Fairfield, CT 06824 Lease (expires 2031)
−Removed: Wilton 47 Old Ridgefield Road Wilton, CT 06897 Own
Norwalk 370 Westport Avenue Norwalk, CT 06851 Lease (expires 2029)
2 unchanged sentences
Darien 1065 Post Road Darien, CT 06820 Lease (expires 2028)
+Added: (1) Effective March 1, 2023, the Bank received final regulatory approval to proceed with the opening of a retail branch located at 300 Atlantic Street, Stamford, CT.
+Added: This branch will replace the 612 Bedford Street, Stamford, CT location, which is scheduled to close in April 2023.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.