PeoplesBankis the largestcommunity bankinWestern Massachusetts,providing banking and other financial services. As of 2020 it had $3.3 billion in assets.[1]
 | |
 PeoplesBank corporate offices in Holyoke, Massachusetts | |
| Company type | Mutual Holding Company |
|---|---|
| Industry | Financial services |
| Founded | 1885 as Peoples Savings Bank 2003 as PeoplesBank |
| Headquarters | Holyoke, Massachusetts |
Number of locations | 21 branch offices |
Area served | Western Massachusetts |
Key people | Thomas W. Senecal, President andCEO |
| Total assets |  US$3,580 million (2021)[1] |
Number of employees | 299[1] |
| Website | www |
History
edit
PeoplesBank is abranch bankincorporated on March 19, 1885 asPeoples Savings Bank.Its first president wasWilliam SkinnerofWilliam Skinner and Sons Silk,who would serve as the bank's president from its founding until 1901, a year before his passing. A number of prominent figures in Holyoke's founding would work for the bank, including architectGeorge P. B. Alderman,who sat on its board, and Judge John Hildreth, as a clerk, whoseOakdaleestate, the Yankee Pedlar, was reopened as a branch of the bank in 2019.[2][3][4]It was first headquartered in DowntownHolyoke, Massachusettswith an additional office in Springfield, Massachusetts. In 1974, the bank would expand its headquarters with a largeBrutalistcommercial block at the corners of High and Suffolk Streets as part of a city revitalization campaign, where it maintains a branch today.[5]
By October 2003, it formally changed its name to PeoplesBank, and operates as a subsidiary of PeoplesBancorp, MHC (Holyoke, MA), out of headquarters by theHolyoke Mallat 330 Whitney Avenue, formerly the offices of Community Savings Bank.[6]
References
edit- ^abc"PeoplesBank Financial Report".iBanknet.Retrieved17 March2021.
- ^Thirtieth Annual Report of the Board of Commissioners of Savings Banks.Vol. Part 1. Boston: Wright & Potter Printing Company, State Printers. 1906. p. 508.
- ^Phaneuf, Wayne E (September 7, 2019)."Memories of the Hildreth House and Yankee Pedlar live on w banking center".The Republican.Springfield, Mass. pp. S4, S6.
- ^Carvalho III, Joseph (September 7, 2019)."Silk Manufacturer William Skinner PeoplesBank's First President".The Republican.Springfield, Mass. p. S7.
- ^Perkins, Robert (January 27, 1974). "Can Core City Be Revitalized?".Springfield Union.Springfield, Mass. p. BR-19.
- ^Jabri, Marwan (October 17, 1987). "Community Savings breaks ground for new headquarters".Springfield Union-News.Springfield, Mass. p. 6.