Franklin Savings Bank breaks ground on Merrimack location

Courtesy photo From left are Heather Capraro, AVP, business development officer; Jenna Halvatzes, senior retail banker; Jillian Harris, AICP, planning and zoning administrator, town of Merrimack; Thomas Sullivan, president of Sullivan Construction; David Kerr, senior project manager with Sullivan Construction; Ronald Magoon, president and CEO; Darren Hasenjaeger, associate with Paramount Partners; Jim Dubois, SVP, senior loan officer; Luca D’Italia, investment adviser, Independence Financial Advisors; and Karen Salmon, branch manager.

FRANKLIN – Franklin Savings Bank recently broke ground on a new location in Merrimack.

This will be the bank’s eighth full-service location. The new office, at 1 Dobson Way, will be on a half-acre parcel adjacent to the Merrimack Village Shopping Center. The new 2,161-square-foot office will feature a two-lane drive-up area, two ATMs and a technology bar along with digital displays to enable staff to demonstrate the bank’s diverse line of electronic services to customers.

“We are pleased to continue our expansion further south with a new location in this vibrant and thriving community,” said Ron Magoon, president and CEO. “The success of our loan production office in Bedford encouraged us to pursue another location in this region. We are proud to be community bankers and look forward to bringing community banking to the area.”

The bank is working with Paramount Partners to serve as owners representative T.F. Moran for civil engineering needs, as well as with DeStefano Architects and Sullivan Construction for project management. The new branch is expected to open in September.

For more information, call 1-800-372-4445 or visiting

– Submitted by Franklin Savings Bank