Andover Business - Butler Bank: Difference between revisions

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Butler Bank is a community bank that specializes in residential construction and mortgage lending.  It was founded in 1901 by the Pearson Family.  Butler Bank bought a 1/2 acre piece of property at 16 North Main Street in March of 2006.  The space was previously occupied by [Friendly's Restaurant] since June 1, 1965. It closed on Christmas Eve of 2005 and the property was quickly sold to Butler Bank for a total of $1.45 million.   
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.   


Upon purchasing the property, Butler Bank announced plans to build a 12,000-square-foot bank branch and retail center.  They also sought a special permit that would allow them to include a 20-seat restaurant in the building.  The plans included 38 parking spaces, but for a 20-seat restaurant, the total number of parking spaces would need to be increased to a minimum of 41.  A special permit can sometimes be granted by town officials if the owners of the property (Butler Bank) agree to construct a paved walkway to the location, which would presumably decrease the need for parking spaces.  The walkway would cross Pearson Street, which is named for the bank's founding family.
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.   


Friendly's was torn down on September 6, 2006.  Construction for Butler Bank began in October, 2006.  This location is Butler Bank's fourth branch.  The bank includes a drive-up teller and ATM.  It had its official opening on May 24, 2007.  At that time, two other tenants opened their doors as well: John J. Drago, CPA and Doherty Law Offices.  Drago has moved to this location from 10 High Street in Andover.  This is the second branch location for Doherty.
On April 17, 2010, People’s United Bank, acquired Butler Bank after it was closed by the Massachusetts Division of Banks on April 16.


During the summer of 2007, Butler Bank held a competition in the community to help name their new lion mascot.  The winning name was Benji Butler, which was suggested by 11-year-old Lowell resident Sarah Comtois.  Benji Butler was named after the famous Civil War general and Massachusetts senator Benjamin Butler.
In 2012 People's United acquired Danversbank and Riverbank and consolidated all bank locations at 16 North Main Street.


In April of 2008, the Butler Bank located in Andover held a reception to promote the commissioned artwork of local artist Mark Spencer of Carriage House Portraits. Spencer completed two murals for the Butler Bank. One is of the Phillips Academy campus and the other is of The Park.  The Bank also had prints made of the two murals and will be selling them to the public.  All proceeds will be given to local charities and non-profit organizations.
[https://www.peoples.com/portal/site/peoples/ People's United Bank]


Another tenant opened in the Butler Bank building on April 26, 2008.  The restaurant, [Andover Business - Boston King Cafe|Boston King Cafe], is owned by Sun Son.


See
See
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*"Butler Bank building will also include take-out restaurant", ''The Eagle Tribune'', October 26, 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.
*"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.
*''The Andover Townsman'', September 6, 2007.
*"A picture of charity", ''The Eagle Tribune'', April 11, 2008.
*"A picture of charity", ''The Eagle Tribune'', April 11, 2008.
*"New cafe has opened", ''The Andover Townsman'', May 1, 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.
*[http://www.andovertownsman.com/local/x2145133244/Three-banks-unite-into-one "Two Andover branches to close after People's United acquires Danversbank"], ''The Andover Townsman'', January 12, 2012, p. 4


[[Image:Artist_Rendering.jpg|thumb|...''Artist Rendering''.... click to enlarge|left]]
[[Image:Artist_Rendering.jpg|thumb|...''Artist Rendering''.... click to enlarge|left]]
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back to [[Main Page|Main Page]]
back to [[Main Page|Main Page]]


--[[User:Jen|Jen]] 15:33, August 25, 2010 (EST)
--[[User:Jen|Jen]] 15:33, August 25, 2010 (EST)<br>
--[[User:Kim|Kim]] 16:15, August 26, 2011 (EDT)
 
--[[User:Ruth|Ruth]] 16:31, January 15, 2012 (EST)
[[Category:Andover Answers Index]]
[[Category:Andover Answers Index]]

Latest revision as of 12:04, 19 January 2012

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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