Webster Five, a local bank with a branch in Auburn, will move its headquarters to Auburn in 2021. Webster 5 completed the acquisition of the former Reliant Medical Group property at 35 Millbury St for $2.7 million. According to a bank press release, Webster 5 will compete a major renovation to the property before an anticipated move in early 2021.
Webster 5 has been based in Webster, Mass.
In a statement, the bank stated, “The bank plans an extensive redesign and remodel of the building to allow for an exciting and collaborative workspace for its employees. Design and construction is expected to take 12 to 15 months, with the anticipated move-in date occurring during the first quarter of 2021.”
Reliant Medical Group moved into the Auburn Mall earlier this year after a major renovation to the north end of the mall that formerly housed Macy’s Home Store. 35 Millbury St. has been vacant since the move.
The bank currently has three operations centers in Webster, Auburn and Worcester which will be consolidated in the new Auburn location.