Overview
Monson Savings Bank, established in 1872 and headquartered at 146 Main Street, Monson, MA 01057, is a mutually chartered community bank. Renowned for its stability and historic significance, the bank offers tailored services to personal, commercial, and municipal clients. As a FDIC-insured institution, it provides customers the assurance of protection by the U.S. government.
Executive Leadership
- Dan Moriarty, President & CEO, excels in community engagement and strategic guidance, aligning with the bank's mission of superior customer service and community support.
- Michael Rouette, Executive Vice President and Chief Operating Officer, enhances operational efficiencies and service delivery.
- Kandy Tranghese, CPA, serves as Senior Vice President and Chief Financial Officer, managing financial health and strategic budget allocations.
- Dina Merwin, Senior Vice President and Chief Risk & Senior Compliance Officer, oversees risk management and compliance.
Branch Operations
Monson Savings Bank maintains several branches:
- Hampden Branch: Managed by Adriano dos Santos, with services via drive-up and curbside banking due to ongoing renovations.
- Wilbraham Branch: Managed by Vicki Baldyga, specializes in personalized retail banking services.
- Ware Branch: Managed by Shannon Ortona, focuses on customer relationships and IRA administration.
- East Longmeadow Branch: Managed by William Toth, committed to fostering community ties.
Products and Services
Monson Savings Bank offers a comprehensive range of services, including:
- Digital Banking and a user-friendly Mobile Banking App for 24/7 financial management.
- Home loans, business banking, and investment advice.
- Specialized personnel include Corinne Sawyer, VP and Director of Business & Municipal Banking, and Kelly Connelly, VP and Director of Residential Lending.
Community Engagement
The bank actively participates in philanthropic activities, such as:
- The Community Giving Initiative, contributing significantly to local projects.
- Donations like a $25,000 contribution in 2025 to community-selected projects and nearly $8,000 to the United Way of Pioneer Valley.
Financial Health
Valued at approximately $715.97 million in assets, the bank's financial robustness allows for secure, competitive banking services and effective community contributions. Its customer-first strategies focus on fostering lasting relationships to support regional economic development.
Competitor Profiling
Monson Savings Bank faces competition primarily from regional entities, including:
- Haverhill Bank: Generates approximately $20.2 million in revenue with 64 employees. Established in 1877 and offers personal, business, residential, and commercial loan services.
- MutualOne Bank: Founded in 1889, specializes in real estate loans and commercial lines of credit. Headquartered in Framingham, Massachusetts, and FDIC-insured.
- Greenfield Savings Bank: Originated in 1869, with 188 employees. Known for community involvement and recipient of the "Community Impact Award".
Market Position
Monson Savings Bank differentiates itself in a competitive landscape focusing on enhancing customer engagement and expanding service lines with digital offerings. Leveraging technology can ensure competitive positioning against both regional and larger national banks.
