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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

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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 Repre-
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. 

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150th 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!

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Monthly Cash Prize Drawings

Each month from March through December 2022, Monson Savings Bank will automatically draw one $150 Cash Prize winner*!

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Then & 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.   

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Traveling 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

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Build-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 $15,000 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. 

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Community 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. 

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Historical 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.

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World'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. 

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Community 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. 

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Community 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. 

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Community 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. 

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Community 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. 

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City 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.

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