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December 7, 2023


At the Annual Meeting of Franklin Bancorp, MHC, parent company of Franklin Savings Bank, it was announced that Brian Bozak will become President and CEO of both entities as of January 1, 2024. He will assume the role currently held by Ronald Magoon. This leadership transition is in keeping with the CEO succession plan implemented in 2021 by the Board of Directors.

Brian joined FSB in March of 2016 as Senior Vice President and Chief Financial Officer. He grew up in Western MA and attended college in Florida where he began his 20-year banking career as a teller at a community bank. He remained there for 12 years working for various institutions before rising to the position of CFO and moving to NH to accept his role at FSB in 2016. “I love living in NH and being a part of FSB. We have an incredible staff and I know that together we can continue to make FSB a vital and relevant part of our communities. This is such an exciting opportunity!”

Ron has been with Franklin Savings Bank for over 35 years and has served as President and CEO since 2016. He will remain with FSB in an advisory capacity until his full retirement in September of 2024. Magoon says “I’m excited the succession planning has worked so effectively, and I have great confidence in Brian’s ability to lead this organization into the future”. Speaking to his own personal feelings having been with FSB for so long, he added: “it’s bittersweet in so many ways to be at this point in my career. I am proud of what we have accomplished in my time with FSB, and I will miss being in the office every day working with such a great group of dedicated and caring people.”

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. 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.

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