Item 2. Properties
Item 2. Properties
The Bank’s headquarters building is located at 258 Elm Street in New Canaan, Connecticut. The headquarters building also operates as a limited service Domestic Representative Office. The property is leased by us until 2031.
We also lease office space for each of our branch offices in New Canaan, Stamford, Norwalk, Fairfield, Darien, and Westport, Connecticut as well as locations in Garden City, New York and Brooklyn, New York. During 2025, the Bank received regulatory approval from the FDIC, the CT DOB, and the NY DFS to establish a new full-service branch in Brooklyn, New York, which opened during the first quarter of 2026. The leases for our facilities have terms expiring at dates ranging from 2028 to 2033, although certain of the leases contain options to extend beyond these dates. 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. 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:
Branch Address Owned or Leased
Cherry Street 156 Cherry Street New Canaan, CT 06840 Lease (expires 2031)
Atlantic Street 300 Atlantic Street Stamford, CT 06901 Lease (expires 2033)
High Ridge 1095 High Ridge Road Stamford, CT 06905 Lease (expires 2028)
Black Rock 2220 Black Rock Turnpike Fairfield, CT 06825 Lease (expires 2029)
Sasco Hill One Sasco Hill Road Fairfield, CT 06824 Lease (expires 2031)
Norwalk 370 Westport Avenue Norwalk, CT 06851 Lease (expires 2029)
Hamden 2704 Dixwell Avenue Hamden, CT 06518 Own
Westport 100 Post Road East Westport, CT 06880 Lease (expires 2028)
Darien 1065 Post Road Darien, CT 06820 Lease (expires 2028)
Garden City* 1399 Franklin Avenue, Suite 301, Garden City, NY 11580 Lease (expires 2030)
Brooklyn** 557 & 559 86 th Street, Brooklyn NY 11209
Lease (expires 2030)
* - Limited service Domestic Representative Office, not a full service bank branch.
* - Full service branch; anticipated opening in the first quarter of 2026.
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