Member News

Franklin Savings Bank Awards $20,500 to 4 Local Non-profits
Franklin, NH
04/10/2017 12:00 PM

Ron Magoon, President & CEO of Franklin Savings Bank, announced today the bank awarded $20,500 in grants to four community organizations through the FSB Fund for Community Advancement. This represents the 39th round of grants for the Fund, which has provided 188 awards totaling $898,000 since its inception in 1997.


“As a community bank, we take great pride in giving back to the communities we have proudly served for over 147 years,” said Ron Magoon, President & CEO. “Being able to support a wide variety of nonprofit organizations that are doing such important work in our market areas is one of several reasons why I am proud to be a community banker. It is truly humbling for us to be able to make a real difference in our communities.”


Four local organizations received grants to include Child & Family Services of NH, $7,500; Franklin Outing Club, $3,000; Grafton County Senior Citizens Council, $5,000; and Pemi Youth Center (Franklin location), $5,000.


The FSB Fund for Community Advancement was established to provide support for projects that will enhance the lives of people in the communities served by Franklin Savings Bank. Eligible organizations are those recognized as 501(c)3 tax exempt under the Internal Revenue Code. The Fund supports a broad range of community activities to include economic development, affordable housing, education, healthcare, arts and humanities, human services, and programs or services that address the needs of children, adolescents, and single parent families. The deadline to be considered for the next round of grant funding is July 3, 2017. For more information about the FSB Fund for Community Advancement as well as how to apply, please visit and click on the Community tab.


Established in 1869, Franklin Savings Bank is an independent, mutually-owned community bank, offering a full array of commercial lending, personal 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, Nashua 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 following the bank on Facebook, LinkedIn, Twitter and YouTube.

Dawn Beers
(603) 934-8358
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