Admirals Bank to Close

Customers of the Admirals Bank branch on Reservoir Avenue will have to find a new place to get in-person banking services.

The bank branch will be closing on June 28, the company announced in a press release.

In the same release, Bespoke Banking, the franchise banking division of Admirals Bank, said it had exceeded $200 million in deposits just 15 months after launching in 2011.

The closure of the Reservoir Avenue branch is part of the company's strategy "to move away from the traditional branch model."

Bespoke Banking is a "private, consumer banking division that is comprised of a unique deposit product line" that offers customers online and mobile banking services.

Lee Pollock, senior vice president and director of relationship banking said "Providing clients with online and mobile banking services allows them to bank on their time and not be bound by branch hours.” 

Admirals Bank maintains three Bespoke Banking Centers, one located at 579 Boylston Street in Boston, another at 40 East Street in Ludlow, Mass., and the third recently opened on the first floor at 15 Park Row West, in Providence.

Bespoke Banking clients are invited to visit these centers to conduct any of their banking transactions.