Florence Bank to Break Ground on a New Branch in Holyoke in August

Florence Bank will take the next exciting step in our expansion into Hampden County in August, when we break ground on a 2,500-square-foot office at 1504 Northampton St. in Holyoke. 

The full-service Holyoke branch is expected to open in the spring of 2026 and will be the bank’s fourth in Hampden County. In August 2017, Florence Bank opened the first branch in the county in West Springfield, followed by a branch opening in Springfield early in 2019 and in Chicopee in the spring of 2021.

“We’re thrilled to be able to provide our current and future customers in Holyoke with a convenient way to bank with us and look forward to serving the people, businesses and organizations in the Paper City,” says President and CEO Matt Garrity. “Our focus is on providing great customer service and helping to reinvigorate the community, and we are proud and committed to be meeting the banking needs of more residents of Hampden County.”

An invitation-only ceremonial groundbreaking event is planned for Friday, August 22 at 10 a.m. at the site of the new branch. Matt will address an audience that is expected to include bank employees, board members, Holyoke Mayor Joshua A. Garcia, and other community leaders and elected officials.

 

The new branch, designed by HAI Architecture in Northampton, will provide a spacious lobby, traditional teller stations, five offices, a drive-up teller window and a drive-up ATM. 

Six employees will staff the branch, where customers can be assisted by tellers, meet with a customer service representative or apply for a mortgage or commercial loan. The bank’s Spanish-speaking mortgage originator will also be based in the new branch. 

Florence Bank has over 1,200 retail and business customers in Holyoke, and Matt says the bank looks forward to deepening its impact in the region.

Florence Bank, chartered in 1873, is unique in that it is a mutually-owned savings bank, meaning it does not need to pay dividends to stockholders. That mutuality allows the bank to make decisions about what’s best for customers and the community.