Get to Know Monson Savings

A Welcome From Our President & CEO

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"If you already bank with us, thank you! If not, check us out. I think you'll be impressed."

Welcome to Monson Savings Bank, where we help people save, businesses prosper, and communities benefit!

Why is Monson Savings your best choice? Because we offer the best of all worlds with…

    • Grow your money
    • Get retirement income from your savings
    • Save for education
    • Protect your family
  • Community involvement and support through generous charitable giving.
  • And the genuine, caring customer service you deserve.

We hope you'll take a moment and read what our customers have to say about us. Stop in any branch or call us at 413-267-4646 today. And, please feel free to e-mail me at slowell@monsonsavings.com. I love to hear from customers and members of our community.

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Sincerely,
Steve Lowell
President & CEO

Our History

1872

In 1872, the population of the Town of Monson was nearly 3,000, and the only bank in town, The Monson National Bank, was a commercial bank. 

At that time, savings banks were just beginning to be founded to give working men and women the opportunity to save. They were the first banks to welcome small deposits. Recognizing the need for such a bank in Monson, a group of business leaders in the community incorporated the Monson Savings Bank on March 27, 1872.

On June 1, 1872, Monson Savings Bank began business transactions out of the Monson National Bank office. Not only did the two banks share the same building, they shared the same vault, till, counter, and personnel. At the end of its first month of operation, the new Monson Savings Bank had $12,994.23 on deposit, and total real estate loans of $2,250. Cash on hand was $2,531.43.

1893

On June 1, 1893, Monson Savings Bank got its own brand new building. This new building, which is now known as our Monson Office, separated the savings and commercial banks.

1965-1985

The bank was remodeled in 1965 and in 1985 the building was extended to the rear creating two floors of office space and the drive-up teller.

1997-2003

In June of 1997, 125 years after it opened, Monson Savings Bank reached a banking milestone when our assets reached $100 million. And on August 1, 1998 we opened our first branch location in the neighboring town of Hampden. Five years later, we opened our second branch in Wilbraham.

Today

Today we help people save, businesses prosper and communities benefit with world class products and technology, the sincere and considerate service our customers deserve, and absolute dedication to our communities.