NORWALK: Webster Bank has extended its branch commitment to its 192 Westport Avenue location with a new long term lease extension. The twenty year lease between Oxbank II, LLC with offices located at 2614 Boston Post Rdoad and Webster has a $4.5 million value. The branch is a 2,942 square feet free standing building on a .51 acre lot.
The bank has been at that location for ten years and was a build-to-suit de novo bank on behalf of Webster in 2006.
Mike O’Connor, president of operations for Webster Bank, reaffirmed Webster’s commitment to the location and market by overseeing the process of this lease extension internally on behalf of the bank. Michael Berke, president of Oxford Real Estate Group, Inc.