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Athol Savings Bank reports continued growth at annual meeting






  • Margarita Gutierrez


  • Deanne Keddy

Published: 5/12/2019 11:00:24 PM
Modified: 5/12/2019 11:00:31 PM

ATHOL – The Corporators of Athol Savings Bank gathered for the Bank’s 152nd annual meeting and reported further market penetration and continued growth across the region. The Bank reported total assets of $441.9 million as of Dec. 31, 2018 reflecting asset growth of 6.3%.  Earnings for 2018 further supplemented the Bank’s strong capital position of $56.2 million, ranking the Bank 25th highest, as a percentage, across all 119 banks in Massachusetts.

Athol Savings Bank President and CEO, Daniel J. Zona, expressed his continued gratitude to the employees and Board members for furthering the Bank’s mission, vision and values. He highlighted that in 2018 the Bank improved and transformed its 388 Main St., Athol location into a contemporary banking center supported by the latest technology. He explained that a dedicated group of financial advisors is providing interactive customer service to best support customer needs. This service approach will be implemented across all locations as the Bank continues to transform the banking experience while demonstrating its commitment, investment and contribution to the Athol region.

In other business, David A. Doody was elected to the Board of Trustees after serving as a Corporator since 1992. Doody is currently President and owner of Doody Burial Vaults located in Winchendon. Zona noted, "The Bank is pleased to add David to the Board of Trustees as he will provide valuable oversight as we continue to look toward the future."

The Board of Trustees also approved the promotion of Sarah A. Galvin, Senior Vice President of Commercial Lending; Amy L. Craven, Assistant Vice President – Internet Banking; Shelley A. Rowe, Assistant Vice President – Human Resources; Roy R. Graves, Credit Officer; Margarita Gutierrez, Credit Officer; Deanne M. Keddy, Community Banking Officer, and Shane M. Quinn, Technology Officer.

“We are grateful to have dedicated employees who play a vital role in the success of the Bank,” stated Zona. “I am pleased to award these promotions and recognize their continued commitment to high quality service and our customers.”  

Athol Savings Bank is the largest mutual savings bank based in Massachusetts’ North Quabbin region, where it has fostered a friendly, small-town banking environment for over 150 years. The full-service bank has seven offices located in the communities of Ashburnham, Athol, Baldwinville, Barre, Gardner and Winchendon. Athol Savings Bank can also be accessed via its mobile app and at

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