I am writing today with exciting news: Norwood Bank is planning to merge with Foxboro Federal Savings.
It’s a merger of two strong community banks with very similar histories, visions and cultures. The goal is to create one larger, stronger community bank – with an expanded branch footprint and more resources to serve you better.
Rest assured, there will be no changes to your current banking relationship. Our people will remain in their same roles. We will continue to offer the same products and services, in the same location. Our commitment to the Norwood community will be as strong as ever, and I will remain as President and CEO.
This merger will enable us to stay ahead of a rapidly changing banking industry, remain competitive, and allow us to better invest in our people, technology, products, and services. For added convenience, you will also have access to new retail branches in Foxboro, Norfolk, and Plainville.
The new bank will have a new name and branding. Our hope is to have the new name prior to the completion of the merger. You will hear much more about this in the coming weeks and months.
Since 1889, it has been our mission to provide the most innovative solutions and personal service to our customers in and around Norwood. We remain focused on that mission and are excited to begin this new chapter with you. Thank you for your continued patronage of Norwood Bank.
John P. Galvani
President and CEO