A journey spanning 150 years
Monson Savings Bank has a rich 150 year local history as a community bank and this anniversary marks 150 years of helping community members and businesses to reach their financial goals, supporting local non-profits, and contributing to the overall progress of the local area. Established in 1872, Monson Savings Bank is a truly mutual independent bank, not having merged once, and is proud to be one of few left in the state of Massachusetts. As a customer and community focused bank, we are proud to reach this milestone and look forward to the next 150 years of helping our communities to thrive.
Let's Celebrate!
To properly celebrate Monson Savings Bank's 150th Anniversary, we have planned a robust schedule of events at our locations and out in the community. Take a look at all the exciting things we have planned so far.
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Charles H. Merrick I 1872-1884
Rice S. Munn I 1884-1890
Cyrus W. Holmes, Jr. I 1890-1891
Solomon F. Cushman I 1891-1893
Edward F. Morris I 1893-1902
Edward D. Cushman I 1902-1915
Carlos M. Gage I 1916-1934
William L. Ricketts I 1934-1944
Leonard S. Farr I 1945-1952
William H. Anderson I 1952-1966
Carlos C. McCray I 1966-1967
John D. Aldrich I 1967-1971
Edward A. Kozikowski I 1971-1988
Chester S. Holda I 1988-1992
Neil W. Marshall I 1992-1999
Roland G. Desrochers 1999-2011
Steven E. Lowell I 2011-2020
Daniel R. Moriarty I 2020- current
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Deep Roots, Strong Values
We know that when we all work together effectively and feel appreciated, we can continue to meet our collective goal of providing the best possible banking experience for our customers. Our Values foster this.
- Customer Focus
- Honesty & Integrity
- Commitment to Excellence
- Employee Commitment
- Promote Teamwork
A History of Community Support
A Brief History of Monson Savings Bank
1872
Original bank building located at corner of Main and State Streets, Monson.
1872
Monson Savings Bank is incorporated, enacted by the Senate and House of RepresentativesRepre-
sentatives
1872
Charles H. Merrick elected in 1872 as the first President of Monson Savings Bank, retired 1884.
1872
June 1, 1872, first deposit made by Charles H. Merrick. 36 deposits in total of $4,700.
1872
Assets of Monson Savings Bank reach $13,049.88
1956
Renovations of bank Building removed the third story of the building
1966
Marked the opening of the remodeled and moderized structure
1972
Assets of Monson Savings Bank reach $15,286,581
1972
Monson Savings Bank reaches 100 year milestone anniversary
1985
Monson Branch renovated and addition added.
1997
Monson Savings Bank reaches 125 year milestone anniversary
1998
Hampden Branch opens as 2nd Monson Savings Bank branch location
1998
Monson Savings Bank's first website is launched
2003
Wilbraham Branch opens as the 3rd Monson Savings Bank branch location
2010
Monson Savings Bank launches Community Giving Initiative
2011
Monson Savings Bank launched the Bank's first Mobile Banking app
2013
Ware branch opens as the 4th Monson Savings Bank branch location
2013
Introduced Mobile Check Deposit technology to customers
2017
Introduced Online Account Opening for Deposit Accounts
2020
East Longmeadow Branch opens as the 5th Monson Savings Bank branch location
2020
Loan & Operations Center moved to state-of-the-art location in Wilbraham
2020
Steve Lowell retires as President & CEO, elected as Chairman of the Board of Trustees
2020
Dan Moriarty is elected as President & CEO of Monson Savings Bank
2021
Monson Savings Bank achieves record profitability and assets surpassing $500 million
2022
Monson Savings Bank proudly celebrates 150th Anniversary
Cheers to 150 Years
Monson Savings Bank team members and guests will kick off the 150th Anniversary as they celebrate at the Delaney House.
Read More150th Anniversary Week Celebrations
All Branch Locations
Stop by your local Monson Savings Bank branch during our 150th Anniversary Week Celebration. Enjoy sweet treats, balloons for kids, and chances to get gifts and win cash or gift cards. Enter drawings to win the Grand Prize which will be drawn at the end of the week!
Read MoreMonthly Cash Prize Drawings
Each month from March through December 2022, Monson Savings Bank will automatically draw one $150 Cash Prize winner*!
Read MoreThen & Now: Grand Prize Drawings
To celebrate 150 Year of being a trusted, local community bank, Monson Savings Bank will have grand prize drawings* with the prizes connecting back to Monson Savings Bank’s 1966 Grand Re-Opening Event of our Monson Branch.
Read MoreTraveling Historic Currency Exhibit
Monson Savings Bank will have historical artifacts on display. See the schedule below for when you can see the display at your local branch.
Monday, March 28th: Monson Branch, 146 Main Street
Wednesday, April 13th: Hampden Branch, 15 Somers Road
Wednesday, May 11th: Wilbraham Branch, 100 Post Office Park
Wednesday, June 8th: Ware Branch, 136 West Street
Wednesday, July 13: East Longmeadow, 61 North Main Street
Read MoreBuild-a-Bike Campaign
Over the Bank’s 150 year history, Monson Savings Bank has consistently been dedicated to supporting our local community members of all ages. To commemorate the 150th Anniversary milestone, Monson Savings Bank is purchasing over $20,000 of children’s bicycles and helmets from the Family Bicycle Shop in East Longmeadow. Monson Savings Bank team members will then partner up with local non-profits to assemble the bikes for local children.
Read MoreCommunity Shred Day - Monson
Monson Branch, 146 Main Street, 9am – 12pm
Monson Savings Bank is partnering up with PROSHRED of Wilbraham for this series of events welcoming the public to discard their documents in a safe and secure manner.
Read MoreHistorical Plaque Unveiling & 2022 Time Capsule
Historical Plaque Unveiling:
A historical marker will be unveiled at both the original Bank building erected at Main and State Streets, in addition to a sister plaque located at the current Monson Savings Bank Monson Branch.
2022 Time Capsule:
Along with the unveiling, Monson Savings Bank team members will fill a 2022 Time Capsule filled with mementos, artifacts, and reminders of the year 2022 - the year Monson Savings Bank celebrating turning 150 years old. The capsule will be buried during a ceremony and is planned to be excavated at the Bank’s 175th Anniversary in 2047.
Read MoreWorld's Largest Pancake Breakfast
Main Street, Springfield, 8am - 11am
Monson Savings Bank is a proud sponsor of Court Square for the 2022 World’s Largest Pancake Breakfast in Springfield, MA and will have MSB team members on-site to serve and have fun with attendees.
Read MoreCommunity Shred Day - East Longmeadow
East Longmeadow Branch, 61 North Main Street, 9am – 12pm
Monson Savings Bank is partnering up with PROSHRED of Wilbraham for this series of events welcoming the public to discard their documents in a safe and secure manner.
Read MoreCommunity Shred Day - Hampden
Hampden Branch, 15 Somers Road, 9am – 12pm
Monson Savings Bank is partnering up with PROSHRED of Wilbraham for this series of events welcoming the public to discard their documents in a safe and secure manner.
Read MoreCommunity Shred Day - Wilbraham
Wilbraham Branch, 100 Post Office Park, 9am – 12pm
Monson Savings Bank is partnering up with PROSHRED of Wilbraham for this series of events welcoming the public to discard their documents in a safe and secure manner.
Read MoreCommunity Shred Day - Ware
Ware Branch, 136 West Street, 9am – 12pm
Monson Savings Bank is partnering up with PROSHRED of Wilbraham for this series of events welcoming the public to discard their documents in a safe and secure manner.
Read MoreCity of Springfield Bright Nights Ball
MGM Springfield
Monson Savings Bank is proud to be a Golden Circle sponsor of the City of Springfield Bright Nights Ball, the Spirit of Springfield’s largest annual fundraiser and social event of the year.
Read More
