“Westport” is a Native American word meaning “land of 10,000 banks.”
However — for the 1st time since Horace Staples opened the First National Bank in National Hall — a bank is closing, rather than opening, here.
TD Bank is shutting its Saugatuck branch — the former Westport Bank & Trust office opposite Luciano Park. Customers are advised to use TD’s Norwalk branch, near Petco. (So much for their tagline: “America’s Most Convenient Bank.”)
It’s an odd decision. New apartments are opening in Saugatuck, new businesses are moving in — and TD is the only bank in the area.
However, here’s some positive news to bank on: A sign in the Gault apartments on the west side of Riverside Avenue promises a new gourmet market soon.
If they’re smart, they’ll stick an ATM near their fresh produce, specialty sandwiches and lovingly cured meats.