Member News

FSB Presents $30,000 Grant to PermaCityLife
Franklin, NH
02/08/2016 10:10 AM

Franklin Savings Bank presented PermaCityLife with a $30,000 donation to support their efforts to revitalize Franklin’s historic downtown corridor. The group recently acquired seven buildings, all located along the Main Street of Franklin. PermaCityLife is working with a number of potential tenants who are excited to bring their business to Franklin and be a part of the redevelopment of this great mill city.

“Within the last two years, we have seen progress in downtown Franklin with the revival of two buildings and a storefront – all within a few steps of our main office,” said Ron Magoon, President & COO. “We are proud to be part of the progress being made through PermaCityLife’s vision and look forward to the culmination of their efforts on these projects. It will be nice to see Franklin return to the great little city it once was where people will want to spend time enjoying all that it has to offer. There is a growing sense of pride and community that is simply wonderful to see and feel.”

Formed in 2014, PermaCityLife is a nonprofit organization with a vision to create positive and sustainable economic growth in downtown Franklin, NH. Part of this includes preserving Franklin’s historic storefronts and mill buildings. Franklin Savings Bank is proud to support the group’s vision by partnering to provide $1.3 million in financing to assist with developing specific real estate projects to preserve the history and culture of the city.

Established in 1869, Franklin Savings Bank is an independent, mutually-owned community bank, offering a full array of commercial lending, retail banking and investment services throughout the Central Lakes Region and southern New Hampshire. Headquartered in Franklin, the Bank has offices in Bristol, Boscawen, Tilton, Laconia and Gilford, as well as an office in Bedford for business lending. Franklin Savings Bank also offers investment, insurance and financial planning services through its wholly-owned subsidiary, Independence Financial Advisors, from offices in Franklin, Bedford and Rochester, New Hampshire. As a recognized leader in providing the latest in financial services technology, Franklin Savings Bank remains committed to serving the needs of businesses, families and the communities it serves, through a dedicated team of employees, a diverse line of financial products and services, and continued investment in emerging technology.

You can learn more about Franklin Savings Bank by calling 1.800.372.4445, or visiting,, or

Photo caption: (pictured l-r) Jordan Urquhart, Chef & Owner, Toad Hall Tavern; Marty Parichand, Owner, Outdoor New England; Jenisha Shrestha, PermaCityLife Community Development Asst.; Todd Workman, PermaCityLife Executive Director; Oscar Gala Grano, Take Root Coworking; James Aberg, Executive Director, Franklin Business Industrial Development Center; Tim Morrill, PermaCityLife Secretary; Dave Savastano, VP, Commercial Loan Officer, Franklin Savings Bank; Jo Brown, Owner, The Franklin Studio; Mike Mullavey, PermaCityLife Treasurer; Ron Magoon, President & COO, Franklin Savings Bank; Joseph Kildune, PermaCityLife Art Director
Dawn Beers
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