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CAP receives $10,000 from FSB

October 23, 2019

Gift will support renovations to newly acquired space for Laconia Adult Community Center

The Community Action Program of Belknap-Merrimack Counties, Inc., was recently presented with a $10,000 donation from Franklin Savings Bank to support renovations to newly acquired space for its Laconia Adult Community Center. Located at 532 Main Street in downtown Laconia, the space will be outfitted with a commercial kitchen and large community room. The total cost for the project is estimated at $365,000 and will include renovations to the building as well as new furniture and kitchen equipment.

“We are pleased to support the Community Action Program of Belknap and Merrimack counties with this important project to support their acquisition of a new facility, which will enable them to more adequately serve families and individuals who utilize and rely on their services,” commented Ron Magoon, President & CEO. “For over 50 years, they have assisted low-income families and the elderly to help them become financially and socially independent in their communities. We applaud them for their efforts and wish them all the best with their fundraising campaign.”

The Laconia Adult Community Center is a multipurpose facility where older adults can receive services, peer support, meals, health education, foot and flu shot clinics, and more. Last year, the Center prepared over 68,000 meals for its Meals on Wheels program and individuals who visit for a nutritious meal and socialization.

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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