PeoplesBank

PeoplesBank
	PeoplesBank corporate offices; in Holyoke, Massachusetts
Company type	Mutual Holding Company
Industry	Financial services
Founded	1885 as Peoples Savings Bank; 2003 as PeoplesBank
Headquarters	Holyoke, Massachusetts
Number of locations	21 branch offices
Area served	Western Massachusetts
Key people	Thomas W. Senecal, President and CEO
Total assets	US$3,580 million (2021)
Number of employees	299
Website	www.bankatpeoples.com

PeoplesBank is the largest community bank in Western Massachusetts, providing banking and other financial services. As of 2020 it had $3.3 billion in assets.^[1]

History

PeoplesBank is a branch bank incorporated on March 19, 1885 as Peoples Savings Bank. Its first president was William Skinner of William Skinner and Sons Silk, who would serve as the bank's president from its founding until 1901, a year before his passing. A number of prominent figures in Holyoke's founding would work for the bank, including architect George P. B. Alderman, who sat on its board, and Judge John Hildreth, as a clerk, whose Oakdale estate, the Yankee Pedlar, was reopened as a branch of the bank in 2019.^[2]^[3]^[4] It was first headquartered in Downtown Holyoke, Massachusetts with an additional office in Springfield, Massachusetts. In 1974, the bank would expand its headquarters with a large Brutalist commercial block at the corners of High and Suffolk Streets as part of a city revitalization campaign, where it maintains a branch today.^[5]

By October 2003, it formally changed its name to PeoplesBank, and operates as a subsidiary of PeoplesBancorp, MHC (Holyoke, MA), out of headquarters by the Holyoke Mall at 330 Whitney Avenue, formerly the offices of Community Savings Bank.^[6]

References

^ ^a ^b ^c "PeoplesBank Financial Report". iBanknet. Retrieved 17 March 2021.
^ Thirtieth Annual Report of the Board of Commissioners of Savings Banks. Vol. Part 1. Boston: Wright & Potter Printing Company, State Printers. 1906. p. 508.
^ Phaneuf, Wayne E (September 7, 2019). "Memories of the Hildreth House and Yankee Pedlar live on w banking center". The Republican. Springfield, Mass. pp. S4, S6.
^ Carvalho III, Joseph (September 7, 2019). "Silk Manufacturer William Skinner PeoplesBank's First President". The Republican. Springfield, Mass. p. S7.
^ Perkins, Robert (January 27, 1974). "Can Core City Be Revitalized?". Springfield Union. Springfield, Mass. p. BR-19.
^ Jabri, Marwan (October 17, 1987). "Community Savings breaks ground for new headquarters". Springfield Union-News. Springfield, Mass. p. 6.