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Watertown Savings Bank plans new lending center on Clinton Street campus

WATERTOWN — Watertown Savings Bank plans to tear down an office building on its Clinton Street campus and construct a 14,000-square-foot lending center on its location. Bank President Mark R. Lavarnway said plans have been in the works for several years to replace The Clinton Building, 145 Clinton St., as the bank has considered its need for additional space. He said the bank evaluated many alternatives before deciding its best choice would be to expand its main campus. “The need for the new lending center is a direct result of our continued growth in the market and our corresponding need for additional space to support our expanding operations,” Mr. Lavarnway said Friday. “While many other banks have chosen to leave or significantly downsize their operations in our market, we have remained steadfast in our commitment to this community.”

Calculated Risk

I m tracking sales and inventory for many local markets. Houston real estate held to record territory in June with buyers continuing to seize upon historically low interest rates as they purchased homes from among a limited supply. Despite the strong buying activity, the pace was slightly slower in the year-over-year comparison. According to the latest Houston Association of Realtors (HAR) Market Update, single-family homes sales were up 13.6 percent compared to last June, with 10,638 units sold versus 9,362 a year earlier. That becomes the market’s thirteenth consecutive positive month of sales. On a year-to-date basis, home sales remain 25.9 percent ahead of 2020’s record pace.

Calculated Risk

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