Select Board reaches out to Mascoma Savings Bank

After learning that Mascoma Savings Bank plans to close its Bethlehem branch, the Select Board is reaching out to the bank directly to express concerns and see if there’s any way that the bank, which they say many residents and businesses rely on, can have at least some presence in the community. It is the only bank in town. During the March 14 board meeting, Select Board members expressed their particular concerns and voted 5-0 to send the letter. Board chairman Bruce Caplain said he views Mascoma’s planned departure as a negative in the town, for a number of reasons, including that businesses and residents need to regularly make deposits and need to get cash on any given day.

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