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ROCKPORT

Rockport Music plans to purchase bank building

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Rockport Music, which operates the Shalin Liu Peerformance Center at 37 Main St., has signed a purchase and sale agreement for the Institution for Savings building at 16 Main St. in Rockport. Rockport Music, which has a second location in the Blackburn Industrial Park in Gloucester, will use the bank building for administration space. “This is a great way to consolidate our box office and administrative operations,” said Tony Beadle, Rockport Music’s executive director. The Institution for Savings plans to consolidate from two branches to one, at the corner of Granite and King streets.

David Rattigan can be reached at drattigan.globe@gmail.com.