History

Greenfield Savings Bank was founded in 1869 to provide a safe and secure institution in which the working class of Greenfield and Franklin County could save their money.

From our humble origin in the lobby of the Franklin County National Bank, in 1880, we moved to an independent storefront in the Mansion House in the center of Greenfield. We operated there until 1959 when a fire destroyed the Mansion House. After the fire, the Bank moved into temporary offices across the street in the Masonic Building. In 1963 we opened our new headquarters on the site of the former Mansion House at 400 Main Street.

In 1967 Greenfield Savings Bank merged with the Crocker Institution for Savings. Founded in 1870, the Crocker Institution served Turners Falls and Montague. The partnership of the two banks formed a strong, well-capitalized banking institution.

Beginning in 1972, in order to meet the needs of customers throughout Franklin County, we added a third branch office in South Deerfield followed by offices in Shelburne Falls and Conway. In 1991, to complement our banking services, we opened our Trust & Asset Management Division, now called GSB Wealth Management and Trust Services. Today, Greenfield Savings Bank has the only trust company headquartered in Franklin County.

In the early 1990s, Greenfield Savings Bank purchased the adjacent building at One Federal Street in Greenfield and connected it with our main office resulting in our current headquarters.

In the early 2000s, to better serve our customers in Hampshire County, the Bank opened locations in Amherst and Northampton. In 2017, additional offices were opened in both downtown Amherst and Northampton. In the spring of 2018, the Bank opened an office in Hadley.

These new offices feature Teller-Access ATMs that allow customers to talk with tellers at the Bank’s call center via a live video feed. This new ATM technology allows the Bank to extend the office’s hours of teller services, including cashing checks to the penny, beyond the normal business hours of the office.

Online and Mobile Banking, advanced ATM scanning technology, and security controls that allow customers to control their debit cards from mobile devices are just a few of the new conveniences and services thanks to technological advances adopted by GSB.

Today, because Greenfield Savings Bank is a bricks and mortar bank, an online bank, and a mobile bank, customers can bank at any of our convenient locations, from their homes, or from anywhere in the world.