Hampden Savings Bank marks 160 yearsApril 16, 2012
SPRINGFIELD On April 13, 1852, Hampden Savings Bank was officially chartered by the Commonwealth of Massachusetts to serve the workers of the Western Railroad. From a rented office space in the basement of the then Agawam National Bank on the corner of Lyman and Main Street, and in accordance with a decree from the Massachusetts Great and General Court to locate "within 25 rods of the Western Railroad passenger depot," Hampden Savings Bank began operations.
From those humble beginnings more than 160 years ago, today Hampden Bank is one of the region's most successful community banks with 10 offices throughout Hampden County and more than $568 million in assets.
According to Glenn S. Welch, president and COO, "Although much has changed in banking since 1852, thankfully, providing customers with extraordinary service and being committed to the local community never goes out of style. These are the major reasons why we're still here and thriving even in the midst of these uncertain economic times.
"Reaching this milestone just as I begin my service as the bank's new president is especially inspiring to me I couldn't be more proud of our people, of who we are, and what we've accomplished on behalf of those we serve. As we move forward we will not rest on our laurels; we will continue to vigorously support our communities; and we will work tirelessly to brighten the days of our customers," Welch continued.