Savings bank

Franklin Savings Bank awards $ 40,000 in grants to 9 organizations

12 October 2021

Nine organizations received a grant from the FSB Fund for Community Advancement, the philanthropic arm of Franklin Savings Bank. This round of funding represents the 44th round of grants totaling $ 40,000 in scholarships. This year’s recipients include Belknap House (Laconia), $ 6,600; Bolduc Park (Gilford), $ 2,500; Franklin Congregational Christian Church, $ 5,000; Hero Pups (Stratham), $ 5,000; Community promoters of the Lakes region (Laconia), $ 3,500; Community Services of the Lakes Region (Laconia), $ 5,000; Peabody House (Franklin), $ 7,500; Raven Gael Blaisdell Foundation at Hall Memorial Library (Northfield and Tilton), $ 2,500; and UpReach Therapeutic Equestrian Center (Goffstown), $ 2,500.

Ron Magoon, President and CEO, said, “Supporting our communities is at the heart of our identity as a community bank. As we continue to go through this unprecedented time, the need still exists and we are doing our part to ensure that these local organizations are able to continue to fulfill their mission of helping others. This year, we received an impressive number of 57 applications, exceeding the maximum we have seen since the creation of our Fund.

The recipients will be celebrated at a reception on Wednesday October 6, 2021 at 5:00 p.m. at the Mojalaki Country Club in Franklin, NH.

The FSB Fund for Community Advancement was established in 1997 with an investment of $ 1,000,000 to support projects that will improve the lives of individuals in the communities served by Franklin Savings Bank. To date, the Fund has awarded 234 grants totaling $ 1,069,808 to support a wide range of community activities. Areas of support include economic development, affordable housing, education, health care, social services, environmental needs, arts and humanities, social services, as well as programs or services that meet needs. needs of children, adolescents and single-parent families. For more information, visit www.fsbnh.bank and click on Community.

Founded in 1869, Franklin Savings Bank is an independent, jointly owned community bank providing a full range of business loan, personal banking and investment services in the Central Lakes Region and southern New Hampshire. Based in Franklin, the Bank has offices in Bristol, Boscawen, Tilton, Gilford, Merrimack and Goffstown, as well as an office in Bedford for business loans. The Bank also provides investment, insurance and financial planning services through its wholly owned subsidiary, Independence Financial Advisors. As a recognized leader in providing the latest technology in financial services, Franklin Savings Bank remains committed to meeting the needs of the businesses, families and communities it serves, through a team of dedicated employees, a diverse range of financial products and services, and continuous investment in emerging technologies.

Since 2009, Franklin Savings Bank has donated over 11% of its net income to charity. Visit www.fsbnh.bank to find out more or follow the bank on Facebook, LinkedIn, Twitter and YouTube.


This press release was produced by the FSB. The opinions expressed here are those of the author.



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