Andover Business - Butler Bank

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Butler Bank, founded in 1901 by General Gardner Pearson (1882 - 1953), bought the 1/2 acre piece of property at 16 Main Street, Andover in March of 2006. The space had been occupied by Friendly's Restaurant from June 1, 1965 until December 24. The property was sold to Butler Bank for $1.45 million.

Friendly's was torn down on September 6, 2006. Construction for Butler Bank began in October, 2006. This, Butler Bank's fourth branch, opened on May 24, 2007. CPA John J. Drago and Doherty Law Offices were tenants of the bank at the opening. Boston King Cafe opened in the Butler Bank building on April 26, 2008.

On April 17, 2010, People’s United Bank, acquired Butler Bank after it was closed by the Massachusetts Division of Banks on April 16.

In 2012 People's United acquired Danversbank and Riverbank and consolidated all bank locations at 16 North Main Street.

People's United Bank


See

  • "Friendly's for sale", The Andover Townsman, January 5, 2006.
  • "Friendly's not so friendly to town", The Eagle Tribune, January 26, 2006.
  • "Friendly's sold, details of buyer not yet released", The Andover Townsman, January 26, 2006.
  • "Plans for Friendly's site could include new restaurant", The Eagle Tribune, July 26, 2006.
  • "Friendly's soon to be flattened", The Eagle Tribune, August 1, 2006.
  • "Town wants details on bank's request for parking waiver", The Eagle Tribune, September 14, 2006.
  • "Rocky road", The Andover Townsman, September 14, 2006.
  • "Butler Bank building will also include take-out restaurant", The Eagle Tribune, October 26, 2006.
  • "Butler Bank, tenants celebrate opening day", The Andover Townsman, May 24, 2007.
  • "Bumper crop of banks springs up in Andover", The Andover Townsman, May 31, 2007.
  • The Andover Townsman, September 6, 2007.
  • "A picture of charity", The Eagle Tribune, April 11, 2008.
  • "New cafe has opened", The Andover Townsman, May 1, 2008.
  • "Leaders look to downtown", The Andover Townsman, February 12, 2009.
  • "People's United Bank aquires Butler Bank", New Haven Register, April 17, 2010.
  • "Town Talk", Andover Townsman, April 28, 2010
  • "A tale of two Pearsons", The Eagle Tribune, August 10, 2006, page 1.
  • "Two Andover branches to close after People's United acquires Danversbank", The Andover Townsman, January 12, 2012, p. 4
...Artist Rendering.... click to enlarge
...Benji.... click to enlarge
...Construction.... click to enlarge
...Front.... click to enlarge
...Sign.... click to enlarge


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--Jen 15:33, August 25, 2010 (EST)
--Kim 16:15, August 26, 2011 (EDT)

--Ruth 16:31, January 15, 2012 (EST)

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