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FSB donates to Nashua Soup Kitchen & Liberty House

July 27, 2020

Franklin Savings Bank recently pledged its support to the Nashua Soup Kitchen and Liberty House to assist these organizations with major fundraising campaigns. The bank purchased $2,500 in NH Community Development Finance Authority tax credits to assist the Nashua Soup Kitchen with expanding its 35 Spring Street emergency shelter. The facility, formerly known as Sacred Heart School, will undergo renovations to provide temporary housing to individuals and families until they are able to secure permanent housing.

“Given the challenges our communities have encountered during this time of need, we were pleased to step forward to offer our support to the Nashua Soup Kitchen with their project,” stated Ron Magoon, President & CEO. “The greater Nashua area continues to experience increased homelessness as well as a lack of affordable housing. We hope our support will put them closer to getting this project moving along, so they can assist individuals and families with a need for temporary housing.”

FSB also made a $2,500 donation to the Liberty House’s ‘Mission Renovate & Restore’ campaign to put an end to homelessness among Veterans. The $250,000 campaign will raise funds to support the first phase of renovations for the future home of Liberty House – a 16,000 square foot facility located on Orange Street in Manchester. The building will consist of 13 new bedrooms, handicap-accessible bathrooms, entryways and living spaces, as well as a remodeled library, resource room and case management services room.

Each dollar contributed to the ‘Mission Renovate & Restore’ campaign will be matched by an anonymous donor who stepped forward with a $250,000 contribution. The bank’s $2,500 donation is actually worth $5,000. To make a donation to this campaign, visit

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. Headquartered in Franklin, the Bank has offices in Bristol, Boscawen, Tilton, Gilford, Merrimack and Goffstown. Through its wholly-owned subsidiary, Independence Financial Advisors, Franklin Savings Bank also offers investment, insurance and financial planning services. A recognized leader in providing the latest in financial services technology, Franklin Savings Bank is 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.

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

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