Marlborough Savings Bank celebrates opening of new headquarters


Marlborough – Marlborough Village Savings Bank opened its flagship location with a ribbon-cutting ceremony Sept. 13 with speeches by Mayor Nancy Stevens, U.S. Rep. James P. McGovern, D, and Bank President Rick Bennett.

In October 2009, the company broke ground on a three-story bank at 81 Granger Blvd. The 16,000-square-foot building contains a drive-through ATM and serves as the new flagship location and home of corporate offices , whic h use d t o b e located at 166 Main St.

Senior Vice President of Marketing and Human Resources Ellen Dorian is pleased with the “bright and inviting” interior of the flagship location.

“The new location is also a one-stop shopping location for all our customers’ banking needs, including retail lending, mortgages, commercial banking, as well as financial planning,” she said.

Dorian understands the value of community banks.

“As a mutual savings bank, our stakeholders are our depositors and that’s who we are loyal to,” she said, “We don’t answer to stockholders, so our vision can be long-term and not quarter to quarter.”

Marlborough Savings Bank has always been loyal to the community. Founded in 1860 by local shoemakers, owners encouraged their employees to save their earnings. With the first offic e o n th e corne r o f Mechanic and Gay streets, the bank was a haven for the common working class residents who were able to open accounts with only five cents in them.

When banking regulations began to change in the 1960s, Marlborough Savings Bank also changed, incorporating home mortgages, loans and investment services into their repertoire. At its new location, the bank has chronicled this history on a lobby wall.

New Branch Officer Inna Voloshina has been with Marlborough Savings Bank since 2004 and is excited to be in a new home contributing to the Metrowest area. “It’s not just our building,” Vo- loshina said. “We give it to the community.”

At this community center, the branch is implementing a “Crack the Vault” program, where 2,500 customers can enter any six-digit code in an eff ort to crack the safe for a $25,000 grand prize. If the 2,500 customers can’t come up with the correct code, they will all be entered in a raffl e fo r a $1,000 prize.

In addition to cracking the vault, bank patrons are off ered other treats.

“We are off ering refreshments throughout the week, first week of every month in every branch,” she said.

While they have expanded, Marlborough Savings Bank maintains strong community ties and still puts the needs of their customers and community first. “Our employees also live in the towns we serve, so we know what it’s like to be a part of the community,” Dorian said.

As part of the community, employees are required to give back.

“Most recently, we had a dozen employees volunteer for the Marlborough Summer Lunch program,” Dorian said, “and another group volunteer for Westborough’s Meals on Wheels.”

Not only does Marlborough Savings Bank partner with and devote resources to local charities and organizations, they lend their dividends back to the community. Moreover, they offer free seminars on everything from online banking to home buying to future planning.

All of the Marlborough Savings Bank locations are celebrating the opening of their newest, flagship locations with 18-month CD specials as well as slashing rates on mortgage and equity lines. By staying local and investing in the community, Marlborough Savings Bank has reaped dividends from its investments.

Short URL: http://www.communityadvocate.com/?p=7954

Posted by on Sep 24 2010. Filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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