Monson Savings Bank Historical Marker is Unveiled for 150th Anniversary
Monson, MA – Being in business 150 years is a major milestone when it comes to the history of Monson Savings Bank. To memorialize the occasion, the Bank recently unveiled a historical marker at the original location of Monson Savings Bank in Monson, Massachusetts.
The event took place on June 1st, a day chosen since it was the first day Monson Savings Bank accepted deposits in 1872. Guests gathered nearby the Monson Town Offices, where the original granite building stood that housed Monson Savings Bank at its incorporation in 1872.
A granite block from the original building reading “BANK.” was expertly placed at the base of the historical bronze plaque marker located on a pole. Surrounding the display was a new beautifully landscaped area.
To begin, Dan Moriarty, President and CEO of Monson Savings Bank, addressed the guests, thanking them for joining. He read aloud the text on the plaque which remained concealed with a custom made cover.
Moriarty read aloud, “In the mid 1800’s demand for banking service(s) became essential in Monson, Massachusetts due to the flourishing population, industries, and retail establishments. To afford working men and women an opportunity to save, Monson Savings Bank was incorporated on March 27, 1872, enacted by the Senate and House of Representatives. At this location stood a small, granite banking house on the corner of Main and State Streets that housed the home of the local community bank.”
Moriarty went on to thank all of the people who made Monson Savings Bank’s vision possible.
“Many people came together, volunteering their time and hard work to make this memorial possible,” said Dan Moriarty, President and CEO of Monson Savings. “Thank you Jennifer Wolowicz, Monson Town Administrator, for embracing our vision for this project. Thank you to the select board for their approval of this effort. Thank you to Ben Murphy, of the Monson Highway Department, and Randy Pascale of Pascale Construction for their part in the granite stone restoration and installation process. We are so grateful to everyone who supported us to make this possible.”
In addition to various officials from the Town of Monson, Monson Savings Bank employees were joined by many other notable guests. Some guests in attendance included Senator Ryan Fattman; Robin Frechette, Massachusetts State Representative Brian Ashe’s Chief of Staff; Steve Lowell, previous Monson Savings Bank President (2011-2020) and Current Chairman of the Board; and Neil W. Marshall, Previous Monson Savings Bank President (1992-1999).
To learn more about Monson Savings Bank’s 150th anniversary, please visit www.monsonsavings.bank/connect/anniversary.html
About Monson Savings Bank
Incorporated as a mutually chartered community bank in 1872, Monson Savings Bank has one of the longest tenure of service and stability in its market. Civic leaders chartered the bank with the intent to give working men and women the opportunity to save, which – incredibly, they could not do prior to the bank’s inception. Today, Monson Savings Bank retains its legacy of empowerment through savings, but has expanded to serve its customers with a variety of innovative financial services, including digital banking, online mortgage applications and business banking, and commercial lending. The bank has expanded on its promise of “where people save, businesses prosper, and communities benefit” by opening offices in Hampden, Wilbraham, Ware, and most recently East Longmeadow, Massachusetts. The bank also opened a retail and business loan operations center in Wilbraham in 2020. Member FDIC, Member DIF, Equal Housing Lender.