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Franklin Savings Bank Awards $38,000 to 8 Nonprofit Groups

August 27, 2019

Grants were awarded through the FSB Fund for Community Advancement.

Eight local organizations were awarded grants through the FSB Fund for Community Advancement, the philanthropic arm of Franklin Savings Bank.  This round of funding represents the 42nd grant cycle. Recipients include Audubon Society of NH – Newfound Audubon Center (Hebron), $5,000; Franklin VNA and Hospice, $8,000; Front Door Agency (Nashua), $5,000; Granite State Animal League (Franklin), $8,000; Granite United Way (Concord), $3,000; Humane Society for Greater Nashua, $1,000; Spaulding Youth Center (Northfield), $5,000; and Winni Womenade (Belmont), $3,000.

“It’s amazing to see how much we have given back to countless nonprofit organizations since we established our Fund with a $1 million investment,” remarked Ron Magoon, President & CEO. “As a community bank, we feel it’s important to take the time to learn more about the needs of civic groups in the communities we serve, so we can provide the support needed to enable them to continue carrying out their mission.”

The FSB Fund for Community Advancement was established in 1997 to provide support towards projects that will enhance the lives of individuals in the communities served by the Bank.  To date, the Fund has awarded 215 grants totaling $990,080 to support a broad range of community activities.  Areas of support include economic development, affordable housing, education, healthcare, social services, environmental needs, arts and humanities, human services, as well as programs or services that address the needs of children, adolescents, and single parent families.  For more information, visit and click on Community – FSB Fund for Community Advancement.

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, Gilford, Merrimack and Goffstown, as well as an office in Bedford for business lending. The Bank also offers investment, insurance and financial planning services through its wholly-owned subsidiary, Independence Financial Advisors. 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.

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

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