Western New England Bancorp, Inc. 10-K

ITEM 2. PROPERTIES. The Company currently conducts business through our twenty-five banking offices, eight free-standing ATMs and an additional fourteen free-standing and thirty-three seasonal or temporary ATMs that are owned and serviced by a third party, whereby the Bank pays a rental fee and shares in the surcharge revenue. The following table sets forth certain information regarding our properties as of December 31, 2024. As of this date, the premises and equipment, net of depreciation, owned by us had an aggregate net book value of $24.4 million. We believe that our existing facilities are sufficient for our current needs. Location Ownership Year Opened Year of Lease or License Expiration Main Office: 141 Elm Street Westfield, MA Owned 1964 N/A Technology Center: 9-13 Chapel Street Westfield, MA Leased 2015 2028 Retail Lending: 136 Elm Street Westfield, MA Owned 2011 N/A Commercial Lending & Middle Market: 1500 Main Street Springfield, MA Leased 2014 2025 Commercial Lending/Credit Admin and Training Center: 219/229 Exchange Street Chicopee, MA Owned 2009/1998 N/A Branch Offices: 206 Park Street West Springfield, MA Owned 1957 N/A 655 Main Street Agawam, MA Owned 1968 N/A 26 Arnold Street Westfield, MA Owned 1976 N/A 300 Southampton Road Westfield, MA Owned 1987 N/A 462 College Highway Southwick, MA Owned 1990 N/A 382 North Main Street East Longmeadow, MA Leased 1997 2027 1500 Main Street Springfield, MA Leased 2006 2028 51 Location Ownership Year Opened Year of Lease or License Expiration 1650 Northampton Street Holyoke, MA Owned 2001 N/A 560 East Main Street Westfield, MA Owned 2007 N/A 237 South Westfield Street Feeding Hills, MA Leased 2009 2028 12 East Granby Road Granby, CT Owned 2021 N/A 47 Palomba Drive Enfield, CT Leased 2014 2029 39 Morgan Road West Springfield, MA Owned 2005 N/A 1342 Liberty Street (1) Springfield, MA Owned 2008 N/A 70 Center Street Chicopee, MA Owned 1973 N/A 569 East Street Chicopee, MA Owned 1976 N/A 599 Memorial Drive Chicopee, MA Leased 1977 2027 435 Burnett Road Chicopee, MA Owned 1990 N/A 477A Center Street Ludlow, MA Leased 2002 2032 350 Palmer Road Ware, MA Leased 2009 2027 32 Willamansett Street South Hadley, MA Leased 2008 2027 14 Russell Road Huntington, MA Owned 2020 N/A 337 Cottage Grove Road Bloomfield, CT Leased 2020 2035 977 Farmington Avenue West Hartford, CT Leased 2020 2030 52 Location Ownership Year Opened Year of Lease or License Expiration ATMs (2) : 1000 State Street Springfield, MA Leased 2003 2025 788 Memorial Avenue West Springfield, MA Leased 2006 2025 2620 Westfield Street West Springfield, MA Leased 2005 2029 98 Southwick Road Westfield, MA Leased 2006 2026 115 West Silver Street Westfield, MA Tenant at will 2005 N/A 98 Lower Westfield Road Holyoke, MA Leased 2010 2025 Westfield State University 577 Western Avenue Westfield, MA Ely Hall Tenant at will 2010 N/A 208 College Highway Southwick, MA Leased 2010 2025 110 Cherry Street Holyoke, MA Tenant at will 2018 N/A 291 Springfield Street Chicopee, MA Tenant at will 2015 N/A Springfield Visitors Center 1319 Main Street Springfield, MA Leased 2018 2026 Union Station 55 Frank B. Murray Street Springfield, MA Leased 2018 2028 701 Center Street Chicopee, MA Tenant at will 2015 N/A 627 Randall Road Ludlow, MA Tenant at will 2015 N/A 26 Central Street West Springfield, MA Tenant at will 2021 N/A 1144 Southampton Road Westfield, MA Leased 2022 2027 53 Location Ownership Year Opened Year of Lease or License Expiration Big E ATMs: 1305 Memorial Avenue West Springfield, MA Better Living Center Leased 2011 2026 Better Living Center Leased 2011 2026 Better Living Center (Door 6) Leased 2011 2026 Big E Coliseum Leased 2015 2026 Big E Young Building Leased 2011 2026 Big E Mallary Complex Leased 2011 2026 _____________________________ (1) The parking lot on this property is leased. The lease expires in 2028. (2) Thirty-three of the Bank’s ATMs are seasonal and not listed individually above. Thirty-two of the seasonal ATMs are located on the Big E grounds during events and one additional ATM is located in Westfield.