Photo by Jeffrey Newcomer. partridgebrookreflections.com

History

Savings Bank of Walpole has a long and distinguished history serving the people of New Hampshire and Vermont.

We believe it is truly a privilege to be an integral part of our community -- just as we have been since 1875, and will continue to be for the next century and beyond. As a mutual bank, we have no shareholders. This allows our focus to remain on our local community, on our own employees, and most importantly, on our customers.

A brief overview of some historical milestones:

1875
Chartered in State of NH and open for business as Savings Bank of Walpole
1892
Westminster Street Branch in Walpole opens
1896
The only bank in Cheshire County to survive "The Panic of 1896"
1912
Titanic sinks
1913
Federal Reserve System is born
1929
Stock market crashes - the beginning of the Great Depression
1930
Total Assets $1,461,000
1964
Total Assets $15,029,432
1975
Savings Bank of Walpole celebrates 100th Anniversary
1975
First ATM "The Walpole 24 Hour Banker - A Money Machine" installed at Walpole branch
1990
IGA in Walpole partners with SBW, becomes first grocery store in NH to offer a bank card
1990
Grand Opening of North Meadow Plaza branch in Walpole
1992
Riverside Plaza, Keene branch opens
1996
www.walpolebank.com goes live on the "World Wide Web"
1996
Bank-By-Phone introduced
2000
New branch opens on West Street, Keene (Riverside Plaza branch closes)
2000
Internet Banking launched
2001
Marlboro Street, Keene branch opens
2007
Start of the housing collapse and recession
2008
US Government launches TARP (Troubled Asset Relief Program) - not needed at SBW due to excellent credit quality
2016
Total Assets $361,000,000 -- the only bank still headquartered in Cheshire County
2017
New branch opens at 817 Court St, Keene
2018
Savings Bank of Walpole’s Board and Corporators vote overwhelmingly to affiliate with New Hampshire Mutual Bancorp (NHMB) -- a mutual holding company and a steward of local, community-based mutual banking in New Hampshire. For the purpose of affiliating with NHMB, the Bank reorganizes into a mutual holding company structure, and creates a newly chartered subsidiary to continue as successor to the original Savings Bank of Walpole (originally chartered in 1875).
2018
Total Assets $400,000,000—Same bank name, same people, same local values...greater strength.

SBW Westminster Branch

April 19, 1915

 

Later Renovation