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Southbridge Savings Bank fined $4K by MassDEP


February 07, 2011
CHARLTON — Homeowners typically suffer the most from a foreclosure, but recently it was Southbridge Savings Bank that endured the ramifications of a problem stemming from a foreclosed house.

The Massachusetts Department of Environmental Protection (MassDEP) announced on Friday, Feb. 4, that it had assessed a $4,000 penalty to Southbridge Savings Bank for violating waste site cleanup regulations at a bank-owned property located at 288 Stafford St.

According to DEP spokesman Ed Coletta, the bank failed to notify MassDEP officials within 72 hours of learning that a release of oil above reportable concentrations had occurred at that address. In addition, the location of the leak was less than 500 feet away from a private well.

"Prompt notification is essential for timely and effective cleanup of releases to the environment," said Mary Gardner, the deputy director of MassDEP's Central Regional Office based in Worcester.

For more on this story, please see tomorrow's Southbridge Evening News.

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