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As of October 21, 2016, Chicopee Bancorp, Inc. was acquired by Western New England Bancorp, Inc. Chicopee Bancorp, Inc. operates as a bank holding company for Chicopee Savings Bank that provides various financial products and services to individuals and businesses in Western Massachusetts. Its deposit products include non-interest-bearing demand accounts, such as checking accounts; interest-bearing accounts, including NOW and money market deposit accounts; regular savings accounts, such as passbook accounts; and certificates of deposit. The company’s loan portfolio comprises one-to-four family real estate loans, commercial real estate loans, residential and commercial construction loans, commercial and industrial loans, home equity lines-of-credit, and fixed rate home equity loans; and consumer loans, including second mortgages, home improvement loans, equity loans, automobile loans, and personal loans. In addition, it offers non-deposit investment products, including mutual funds, retirement accounts, insurance products, and fixed and variable annuities, as well as debt, equity, and government securities. As of April 4, 2016, the company operated through its main office; seven branch offices located in Chicopee, Ludlow, West Springfield, South Hadley, and Ware in Western Massachusetts; and lending and operations center. Chicopee Bancorp, Inc. was founded in 2006 and is based in Chicopee, Massachusetts.
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