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PEPPERELL — Another sign of the times: 105 Main St. in Pepperell is for sale.

A circa 1885 house once stood on the site until its demolition in 1986. A long string of banking centers continued after Heritage Community Federal Credit Union made the 1985 purchase for $135,000. Now the future is uncertain.

What is certain is that the doors to Bank of America will close for good at 2 p.m. on Friday, August 14, 2009. Banking Center manager, Assistant Vice President Debra Michaels, has 23 years with Bank of America, including more than six years at the Pepperell location.

According to Michaels, banking centers are reviewed on a regular basis for profitability and proximity to other locations in order to manage overall operating costs. She emphasized that all employees will be placed at other locations following the closure.

The Pepperell Center joins four Cape Cod branch closings slotted for September. Bank spokesman Anne Pace explains, “At Bank of America, our banking centers are one of the main sources for retail sales and transactions for our customers. In order to best serve our customers, we continually assess our presence in every community in which we do business. Adjustments to our retail network are a normal part of business to ensure that we have the appropriate level and mix of stores and ATMs in each market.”

“Most customers are very comfortable with the idea of using our other centers, some actually seemed more concerned about us then they were about their accounts and expressed sadness that we would be leaving,” Michaels adds. “I will miss them too.”

Bank of America assures customers that there will be no interruption in their banking service. The company boasts more than 6,100 banking centers coast to coast and the convenience of over 18,500 ATMs.

Pace adds, “In each case, there are other banking centers within a few miles of each banking center being closed and we are working with associates to place them in other banking centers.” The nearest alternative locations are less than six miles from the Pepperell Center; those that choose to remain with the bank can visit 167 Main St. Groton and 9 Market Place, Hollis, N.H.

For some customers for whom that might be too far, North Middlesex Savings Bank (NMSB) hopes to step in. Just across the street from the giant “For Sale” sign hangs the not so subtle banner: “Welcome Bank of America Customers.”

Debora Woollacott, vice president and branch manager, has been with NMSB for 15 years and at the Pepperell center since it first opened its doors. Woollacott is also secretary for the Pepperell Business Association and chairman of for the Summer Concert Series.

Woollacott says her bank prides itself on the personal attention they give to every customer and on community involvement. NMSB has always been the premier sponsor of the Tuesday night concerts at Town Field, it funded the Pepperell Senior Center library, there is a PACH Outreach donation area in the lobby, and periodically employees provide free sessions to educate and raise awareness on topical issues.

Assistant Branch Manager Rosemary Jangraw has 12 years at the bank and 20 years as a Pepperell resident. She said, “We really love our seniors and try to take extra special care of them. We’ll go out to the car if they can’t manage coming in or navigate the drive thru.”

“We have definitely seen an increase in business since Bank of America announced the closing. People are looking for a bank close to home. We like to provide more of a relationship, we even send birthday cards,” explains Woollacott.

In fact, to continue the “welcoming” theme, a recent postcard mailing featured her holding the bank’s door open for new customers.

John Joaquim has been the store manager at Donelan’s since it opened in 1994. The supermarket, also on Main Street, used Bank of America as well as its predecessors including Bank New Hampshire and Bay Bank. According to Joaquim, “Corporate evaluated the options and the store will move over to North Middlesex Savings Bank. Staying local is the right decision.”

For those looking for a local bank, the hometown options will soon be very limited. The second and final contender is the LowellFive on Groton Street. In the community since 2003, it also sponsored Pepperell Senior Center construction and reports an increase in business since the Bank of America announcement.

Kathleen Clark, assistant vice president and branch manager, suggests that customers are looking for convenience and personal service. “We’re happy to provide what they need right here in town.”

Paula McKenna, Pepperell resident of 30 years, says she is sorry to see her Bank of America branch close, she’s going to miss the nearby ATM and isn’t sure if she’ll change banks. Many ATM users said they look for an in network machine to avoid the extra charges.

Bids for the soon to be former Bank of America Banking Center building are due August 14. The CB Richard Ellis Capital Markets Team has been retained to act as exclusive agent for the marketing and sale of the 2,210-square-foot building and 19,546 square-foot-lot.

Since the site is conducive to a banking institution, Pepperell may see another branch in the near future. And, depending on the new owner, a Bank of America ATM may still occupy the site. “Right now, we just don’t know,” concludes Michaels.

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