Florence Savings Bank announces appointment of Michael Grandfield of West Suffield as Vice-President/Commercial Lender

April 28, 2014

Contact: Monica Curhan, Senior Vice President/Marketing Director

85 Main St., Florence, MA 01062

(P) 413-587-1717 (C) 413-230-9009 Monica.Curhan@FlorenceBank.com

Florence Savings Bank announces the appointment of Michael Grandfield as Vice-President/Commercial Lender

FLORENCE, MA - Florence Savings Bank (www.florencesavings.com), a mutually-owned savings bank serving the Pioneer Valley through 9 branch locations, announced today that Michael Grandfield of West Suffield, CT has joined the Bank as Vice President/Commercial Lender.

In this role, he will help oversee and further develop the Bank’s commercial lending portfolio. Grandfield comes to Florence Savings Bank with more than 25 years of banking experience, most recently as Vice-President/Commercial Lender at Hampden Bank, Springfield.

Grandfield is a graduate of Bryant College, Smithfield, RI, with a Bachelor of Science in Business Administration. He earned his Masters in Business Administration (MBA) from American International College.

Grandfield is active in a number of community organizations. An active participant in the Agawam Rotary Club, he is that organization’s Past President and is a Paul Harris Fellow recipient. He has been recognized as Citizen of the Year by the Agawam Saint Patrick’s Committee. Grandfield has also served in leadership roles for several other civic organizations including the West River Chamber of Commerce and the Agawam Cultural Council. Grandfield was additionally honored as a Governor’s Points of Light Recipient for Outstanding Volunteerism during the term of Governor Mitt Romney.

Florence Savings Bank President and Chief Executive Officer John F. Heaps, Jr. said, “We are delighted to welcome Mike to our Florence Savings Bank team. He brings an impressive resume of banking experience and community service that will serve our Bank and our customers well.”

About Florence Savings Bank

Florence Savings Bank is a mutually-owned savings bank chartered in 1873. Currently, the Bank serves the Pioneer Valley through 9 full-service branch locations in Florence, Northampton, Easthampton, Williamsburg, Amherst, Hadley, Belchertown and Granby as well as through 26 ATMs.  Florence Savings Bank offers a wide range of financial services including investment management through Florence Savings Bank Financial Group (FSBFG) to consumers and businesses.  John F. Heaps Jr. is the Bank’s President and Chief Executive Officer.  Main headquarters are at 85 Main Street, Florence, MA 01062.  For additional information about the Bank or its services please visit www.florencesavings.com or call 413-586-1300.

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