www.florencesavings.com

Partners in Our Hometown

Welcome to Florence Savings Bank, founded in 1873.  Our commitment to banking, combined with our promise to provide the best service available, has made us one of the fastest growing banks in our area.

I believe that you will find being a customer of Florence Savings Bank is a more pleasant experience than at any other bank.  When you call our bank during business hours, you won't get an automated phone system with an endless menu of options.  Instead, a Customer Service Representative will answer your call and will assist you with whatever you need.  Whether you do your banking in person, using our web site, or by telephone, we are committed to providing you with the best customer service available.

Florence Savings Bank remains committed to serving the community as a local bank. The bank is depositor owned, and its trustees and corporators are all actively involved in the local community.

Sincerely,

John F. Heaps, Jr.
President

Community Roots

From the beginning, Florence Savings Bank has been a community venture. At the end of the Civil War, the village of Florence and its economy were expanding with the influx of new industries taking advantage of the water power provided by the Mill River. For the workers of the many mills and businesses in Florence and the neighboring hilltowns, access to a bank was difficult. At the time, the nearest bank was miles away in Northampton, too far for frequent visits for most working people. Local civic and business leaders, led by Alfred T. Lilly, became concerned that the working citizens of their community needed a place to save their hard-earned money. In 1872, they formed a committee to petition the state for a charter for a local bank. On February 14, 1873, they received the charter and set about to open the bank.

With Alfred T. Lilly as its founding president, the bank opened for business and was an immediate success. Its trustees and corporators represented a cross section of the village, including business owners, merchants, farmers, and community leaders such as Samuel L. Hill who had created the Hill Homestead Fund, which provided home loans for village workers.