Although the officials of the Martha’s Vineyard Cooperative Bank decline to be quoted now, the story that the institution is on the point of moving from its present quarters has become a general topic of public discussion within the past few days. The report is to the effect that the bank will move from the Martha’s Vineyard National Bank building, Vineyard Haven, where it has been since its inception in 1909, and will take up permanent and independent quarters in the new fireproof building erected by George C. Woods on the Mansion House property something less than two years ago. Growth of the business is the reason said to be responsible for the impending shift.
It is understood that Mr. Woods has offered to fit up this building in the modern, approved fashion in banks, and that, when completed, it will lack nothing but such furniture as the institution chooses to install. A long term lease is said to be in process of negotiation.