Bank of America behemoth as Bailey Brothers S&L - hilareous!

On Tuesday, November 11, 2025, Louis Zipes <[email protected]> wrote:

> If only there was a movie that was about a small town’s banking dilemma.
> Bonus if it is made in a way that it is timeless so it can be shown around
> this time of the year every year  🧐
>
> On Tue, Nov 11, 2025 at 12:53 PM Linda McMillan <[email protected]>
> wrote:
>
>> For what it's worth, the Bank of America sales associate told me
>> yesterday that she has heard that apartments are going in there. Obviously,
>> that's rumor at this point.
>>
>> On Mon, Nov 10, 2025, 2:14 PM Sara Mattes <[email protected]> wrote:
>>
>>> That is why I urge serious town-wide conversation of what is needed and
>>> what is wanted, and what it might take to get it.
>>> We need a clear-eyed approach to the realities of the market place.
>>> If we are not proactive and let the free market dictate, there will,
>>> most likely, be no more commerce.
>>> If the town chooses to allow that to happen, so be it.
>>> But, we should have a conversation-what would it take to keep commerce?
>>> What kind of public investment?
>>>
>>> We had that discussion when we chose to save Codman Farm and to create
>>> Lincoln Woods and the Mall.
>>> We were given an opportunity, with the disposition of the Codman estate,
>>> to make those investments.
>>> We could have chosen to let the opportunity to pass, to let the
>>> properties be developed by the marketplace, but we did not.
>>> And, I believe, we are the better for it.
>>>
>>> I suggest we revisit that kind of conversation rather than “let nature
>>> take its course.”
>>> Let’s do some big-picture thinking-let’s plan our future and that for
>>> generations to come.
>>>
>>>
>>>
>>> On Nov 10, 2025, at 1:15 PM, Margaret Olson <[email protected]>
>>> wrote:
>>>
>>> Banks, like all commercial entities, need an adequate customer base to
>>> remain viable. In the case of a physical location, an adequate local
>>> customer base. We may want certain kinds of establishments and amenities,
>>> but that doesn’t mean that the owners of those amenities and establishments
>>> will view the Lincoln Station area as worth their investment of time,
>>> money, and effort.
>>>
>>> The commercial landscape has radically changed over the past 20 years.
>>> What once worked no longer does.
>>>
>>> Margaret
>>>
>>> On Mon, Nov 10, 2025 at 1:06 PM Sara Mattes <[email protected]> wrote:
>>>
>>>> We can all hope another bank will settle here, and in that location.
>>>> Remember, it is across the street from the Ryan Estates and next door
>>>> to Lincoln Woods…populations who might not have access to more distant
>>>> banking services and need more than a simple ATM at Donelans.
>>>> We still have a diverse population here in Lincoln and we must remain
>>>> sensitive to the needs of all.
>>>>
>>>> As to “speculation” as to what is to come-it is only speculative on
>>>> that it has not yet appeared.
>>>> For all who followed the HCA debate and attended meetings and
>>>> presentations, the redevelopment plan was presented to us in both text and
>>>> graphic representations.
>>>> CIVICO has been a partner with town organizations and worked with town
>>>> boards on several projects., most recently the project on the
>>>> Panetta/Harrington property.
>>>> The teardown/redevelopment scenario at the Mall was presented as a
>>>> positive outcome.
>>>>
>>>> How quickly we forget.
>>>>
>>>>
>>>> On Nov 10, 2025, at 12:28 PM, Lis Herbert <[email protected]> wrote:
>>>>
>>>> Sure, yes -- it will be inconvenient, and it's a shame, and if I had to
>>>> guess the local impact, if no other bank moves in, it is that Donelan's
>>>> will find itself doing more cash back debit transactions than they'd like,
>>>> and they will become an ATM.
>>>>
>>>> But in case my larger point was missed, it is this: without any
>>>> information other than the bank is closing next spring, I think the most we
>>>> can assume is that they just decided not to renew their lease.
>>>>
>>>> Speculating in a public forum, saying "I suspect it is the first shoe
>>>> to drop. CIVICO will be on the doorstep. A teardown/ redevelopment in
>>>> our future?"; or tying this to "revenues for land acquisition and the
>>>> support of staff"; or declaring "there will be no more village" when, as
>>>> far as I know, the remaining businesses, apart from the USPS, are all
>>>> locally owned; and making unfounded claims that "we are faced with the
>>>> potential loss of the retail hub"... It's all just a bit much.
>>>>
>>>> Maybe it's not some big conspiracy and the beginning of the end. Maybe
>>>> something new and exciting will move in, or maybe it will be another bank.
>>>> Who knows?
>>>>
>>>> Lis
>>>>
>>>> On Sun, Nov 9, 2025 at 8:35 PM Sara Mattes <[email protected]> wrote:
>>>>
>>>>> For many who are not able to hop in a car, or on the onto the internet
>>>>> for banking, the loss of a bank, any bank, in Lincoln is a real loss and
>>>>> has an impact on life.
>>>>> So, the replacement of a bank with another retail business is a loss.
>>>>>
>>>>> As to Lincoln’s rural expansive and wonderful look today-you can thank
>>>>> many visionary people from decades ago-Quincy Adams, Bob Lemire, Perry
>>>>> Culver (who saved Codman Farm), Warren Flint, Sr., and many many others.
>>>>> It is worth revisiting this extensive history, beginning with delving
>>>>> into *A Rich Harvest * by Lincoln Historian Jack MacLean.
>>>>>
>>>>> Most of all, we need to recognize the role of town boards who helped
>>>>> shaped plans and acquisitions, and finally and most important, the voters
>>>>> and taxpayers of Lincoln who saw the wisdom of the vision of those cited
>>>>> before.
>>>>>
>>>>> Certainly non-profits have played a role-RLF, LLCT, Walden Woods
>>>>> Project, Historic New England, Mass.Audubon and Drumlin Farm, Friends of
>>>>> MMNP, and most recently Trustees of the Reservations all have played
>>>>> critical roles in ensuring we look the way we look and will most likely
>>>>> preserve that for decades to come.
>>>>>
>>>>> But, again, none of that would have happened if it were not for the
>>>>> collaboration with town officials and support of Lincoln voters and
>>>>> taxpayers.
>>>>>
>>>>> I am forever grateful to all of them, and especially to the town, writ
>>>>> large.
>>>>>
>>>>> On Nov 9, 2025, at 8:17 PM, Lis Herbert <[email protected]> wrote:
>>>>>
>>>>> It’s odd (in my admittedly under-informed opinion) to lament the
>>>>> closure of a multinational bank while saying it means the end of a 
>>>>> village…
>>>>> what if this is just an incredibly boring leasing decision, for all the
>>>>> reasons Nick Gardner stated, and a small locally owned business moves in?
>>>>> Why, apart from the closure of a bank branch (which it seems people are
>>>>> somehow attached to as a fixture of village life??) is this reason to say
>>>>> the sky is falling? And why would the maneuvers of a bank with (let’s at
>>>>> least be honest) zero physical investment in town, trump the 
>>>>> needs/opinions
>>>>> (and as yet totally nonexistent maneuvering) of the non-profit 
>>>>> organization
>>>>> that is largely if not entirely — and I mean no offense to past town
>>>>> officials — responsible for Lincoln looking and feeling so rural,
>>>>> expansive, and wonderful as it does today?
>>>>>
>>>>> Lis
>>>>>
>>>>>
>>>>> Sent from my iPhone
>>>>>
>>>>> On Nov 9, 2025, at 7:42 PM, Rachel Marie Schachter <
>>>>> [email protected]> wrote:
>>>>>
>>>>> 
>>>>> Didn't expect to be chiming in here, but for some of us in a lower
>>>>> income bracket, the fee for depositing cash at the ATM if you don't bank
>>>>> there really does affect our bottom line.
>>>>>
>>>>> I don't expect anyone to rally for East Cambridge Savings Bank (or
>>>>> have any idea what rallying would actually do), but I do happen to be a
>>>>> customer and a fan.
>>>>>
>>>>> Rachel
>>>>>
>>>>> On Sun, Nov 9, 2025 at 7:35 PM Nick Gardner <[email protected]> wrote:
>>>>>
>>>>>> I think the broad issue is that even for good banks, there's less and
>>>>>> less reason to use in person branches. I can deposit cash into the ATM,
>>>>>> deposit checks on my phone, open and close accounts on my phone, and even
>>>>>> get loans on my laptop. I've probably had to use a physical bank branch
>>>>>> half a dozen times in the last decade, and it's why so many physical
>>>>>> branches are closing.
>>>>>>
>>>>>> I would love to see a good bank or credit union come to Lincoln but
>>>>>> it's an uphill battle these days.
>>>>>>
>>>>>> -Nick
>>>>>>
>>>>>> On Sun, Nov 9, 2025, 19:31 JMG at Lincolntalk <
>>>>>> [email protected]> wrote:
>>>>>>
>>>>>>> I upvote DCU also. Great rates, plus staff in Lexington, online app,
>>>>>>> all good.
>>>>>>> Jennie
>>>>>>>
>>>>>>> On Nov 8, 2025, at 3:26 PM, Jennifer Saffran <
>>>>>>> [email protected]> wrote:
>>>>>>>
>>>>>>> We have been using DCU—Digital Federal Credit Union—for many years.
>>>>>>>
>>>>>>> On Nov 8, 2025, at 1:22 PM, Bob Kupperstein <[email protected]>
>>>>>>> wrote:
>>>>>>>
>>>>>>> IMO everyone should consider using a credit union rather than a bank
>>>>>>> - lower or no fees, lower penalties and charges, better service,  etc.
>>>>>>>
>>>>>>> There are a number of excellent ones in the area and they use
>>>>>>> convenient ATM networks with no fees.
>>>>>>>
>>>>>>> -Bob
>>>>>>>
>>>>>>> On Saturday, November 8, 2025, nbergen--- via Lincoln <
>>>>>>> [email protected]> wrote:
>>>>>>>
>>>>>>>> I also use Middlesex Saving Bank and have for years. They are small
>>>>>>>> and                personable and I love it.
>>>>>>>>
>>>>>>>> Nan B.
>>>>>>>> ------------------------------
>>>>>>>> *From:* Lincoln <[email protected]> on behalf of
>>>>>>>> Anna Lombroso <[email protected]>
>>>>>>>> *Sent:* Saturday, November 8, 2025 11:07 AM
>>>>>>>> *To:* Anne Sobol <[email protected]>
>>>>>>>> *Cc:* [email protected] <[email protected]>
>>>>>>>> *Subject:* Re: [LincolnTalk] Replacing the Bank of America
>>>>>>>>
>>>>>>>> Another very satisfied Middlesex Savings Bank customer here, for 30
>>>>>>>> years. Close branches in Wayland, W. Concord, Concord and Sudbury.
>>>>>>>> ACL
>>>>>>>>
>>>>>>>> Sent from my iPad
>>>>>>>>
>>>>>>>> On Nov 8, 2025, at 10:31 AM, Anne Sobol <[email protected]>
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>> 
>>>>>>>> I also use Middlesex Savings Bank, it has lots of branches, and it
>>>>>>>> is a small bank which doesn't lend to fossil fuel projects, I think it
>>>>>>>> mostly lends for residential mortgages.
>>>>>>>>
>>>>>>>> On Fri, Nov 7, 2025 at 4:38 PM Jeff Eaton via Lincoln <
>>>>>>>> [email protected]> wrote:
>>>>>>>>
>>>>>>>>
>>>>>>>> Hello Steve-
>>>>>>>>
>>>>>>>> For what it's worth, I have been a customer of the Middlesex
>>>>>>>> Savings Bank (nee "Middlesex Institution for Savings") for over sixty
>>>>>>>> years.  Likely that's more akin to an indication of inertia, but when 
>>>>>>>> I've
>>>>>>>> needed their services they have done well.   I also have maintained a 
>>>>>>>> Safe
>>>>>>>> Deposit Box with them for all these years... at their Main Street 
>>>>>>>> building,
>>>>>>>> Concord Village.
>>>>>>>>
>>>>>>>> ---  Jeff
>>>>>>>>
>>>>>>>> Jeff Eaton
>>>>>>>> 8 Storey Drive
>>>>>>>> <https://www.google.com/maps/search/8%0D%0A+Storey+Drive+%0D%0ALincoln+MA+01773-2109?entry=gmail&source=g>
>>>>>>>> Lincoln MA 01773-2109
>>>>>>>> <https://www.google.com/maps/search/8%0D%0A+Storey+Drive+%0D%0ALincoln+MA+01773-2109?entry=gmail&source=g>
>>>>>>>>
>>>>>>>> Covid booster: October 17, 2025
>>>>>>>>
>>>>>>>> cell: (781) 686-8120
>>>>>>>> Land line: (781) 259-0321
>>>>>>>> Permanent email address:
>>>>>>>> [email protected]
>>>>>>>>
>>>>>>>> *       We are on a highway to climate hell ... with our foot still
>>>>>>>> on the accelerator.”*
>>>>>>>>
>>>>>>>> *                                               - António Guterres,
>>>>>>>> 11-7-2022*
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> In a message dated 11/7/2025 3:17:33 PM Eastern Standard Time,
>>>>>>>> [email protected] writes:
>>>>>>>>
>>>>>>>>
>>>>>>>> *Many of us have been notified of the BofA’s plans to leave
>>>>>>>> Lincoln.*
>>>>>>>>
>>>>>>>>
>>>>>>>> *For some of us, it’s good riddance! Terrible hours, horrible
>>>>>>>> customer service (I was on hold for 40 minutes today waiting to ask a
>>>>>>>> simple question of the BofA’s national customer service team), interest
>>>>>>>> rates on deposits that sucked, and fees charged to customers that  
>>>>>>>> “blew”
>>>>>>>>  (the opposite of sucked when money flows in the opposite direction!).*
>>>>>>>>
>>>>>>>>
>>>>>>>> *Obviously, the Rural Land Foundation will be working hard to find
>>>>>>>> a new bank, a better bank—one that is not just “here,” but one that is 
>>>>>>>> here
>>>>>>>> for its customers.*
>>>>>>>>
>>>>>>>>
>>>>>>>> *Right now, there is one thing that all current customers of the
>>>>>>>> Lincoln BofA branch can do to help the RLF attract a top-notch 
>>>>>>>> replacement:
>>>>>>>> We can continue to rely on Lincoln’s BofA branch for safe deposit box
>>>>>>>> services. Think of that not as maintaining a relationship with the 
>>>>>>>> BofA,
>>>>>>>> but rather a relationship with the Lincoln Mall and the replacement 
>>>>>>>> bank
>>>>>>>> that the RLF secures.*
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> *In evaluating the desirability of establishing a new branch in
>>>>>>>> Lincoln, the existence of our large safe deposit box base will be an
>>>>>>>> important inducement to open a branch here because it means not 
>>>>>>>> building a
>>>>>>>> customer base from scratch.*
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> *For Lincolnites, maintaining a safe deposit box in Lincoln will be
>>>>>>>> an inducement to keep the rest of our banking business in Lincoln, and 
>>>>>>>> that
>>>>>>>> will help our new bank to succeed here.*
>>>>>>>>
>>>>>>>>
>>>>>>>> Regards,
>>>>>>>> Steve Low
>>>>>>>>
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