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December 8, 2023

CT bank eyes Stamford branch closing

First County Bank plans to close its branch at 275 Hope St., in Stamford.

First County Bank has notified state regulators it plans to close one of its Stamford branches. 

The Stamford-based bank, with $2.1 billion in assets, said it will close its branch at 275 Hope St., as of March 1, 2024, according to the Connecticut Department of Banking. 

The full-service branch was established in 1996 and had $103.1 million in deposits as of June 30, 2023, according to data from the Federal Deposit Insurance Corp. The bank currently owns the building, which it purchased in 1996 for $901,000, city records show. 

Through the first three quarters of 2023, First County reported $8.2 million in profits, flat from the year-ago period, FDIC data shows. 

The bank currently has 14 branches, all in Fairfield County, including seven in Stamford, according to the FDIC. 
 

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