Greenfield Savings Bank held a groundbreaking event July 2, 2025, to mark the development of a new Easthampton branch located on Massachusetts Highway 10. The facility is envisioned as a secondary base of operations for the bank in the western part of the state.
Approximately 40 people attended the kickoff ceremony for the office's construction, as well as view the design of the planned Greenfield Savings branch, at 93-97 Northampton St. The site is located within the new, 33-acre Sierra Vista Commons commercial development.
"It's not really just a branch, this is really going to be our southern headquarters so we can continue to do business into Hampden County as well as Hampshire County," Thomas J. Meshako, the bank's president and CEO, said during his remarks at the event.
The new Easthampton office of Greenfield Savings brings the company's total number of branches to nine — all in Hampshire and Franklin counties. Other Hampshire County locations can be found in Northampton, Hadley and Amherst; in Franklin County, the bank maintains full-service offices in Greenfield, Turners Falls, Shelburne Falls, Conway and South Deerfield.
"The bank has seen — over the last few years — a lot of growth with commercial lending specifically in Easthampton and that was really the catalyst for us making the decision to come down here," said Greenfield Savings Bank First Vice President Kevin De Rosa, who is overseeing the branch expansion effort. "We're excited to come into Easthampton. We don't just have branches; we engrain ourselves in the community."
Greenfield Savings serves more than 400 customers in Easthampton and holds nearly 1,000 loan and deposit accounts locally. After its planned opening late this year, the branch will provide access to experts in wealth management and trust services, commercial lending and mortgage services, according to a news release from the bank.
Construction at the site will begin in July 2025, after the removal of several underground clay clusters, according to the Daily Hampshire Gazette in Northampton, Mass. If all goes to plan, the new building will be completed by Dec. 15, 2025, followed by a public grand opening in January 2026.
The branch will sport a modern, two-story design, Meshako told the Gazette.
Easthampton Mayor Nicole LaChapelle also was in attendance to welcome Greenfield Savings to the community, noting that the new branch is part of a much larger development for the city.
"This is a part of the biggest mixed-use development Easthampton has ever seen since a mill has been built," she said.
"Greenfield Savings is not a stranger to Easthampton," LaChapelle added while describing the bank's involvement in the community. "The branch has grown bigger, and we're delighted to be your southern hometown location."
More Development Coming to Sierra Vista Commons
The Greenfield Bank branch project in Easthampton marks the first vertical construction within Sierra Vista Commons, also known as the Tasty Top Development LLC. It represents the first step of a plan to invest an estimated $26 million to $30 million into the site.
Frank DeMarinis, owner of SAGE Engineering & Contracting Inc. of Westfield, Mass. bought the property for $2.2 million in 2022, the Gazette noted.
Greenfield Savings reached out to DeMarinis after eyeing Sierra Vista Commons as an ideal location for the new bank branch.
"This is where we think the growth in Easthampton really is," Meshako said.
Future construction within Sierra Vista Commons will occur in phases, DeMarinis told the Northampton news source.
In approximately six months, SAGE plans to begin building an approximately 9,000-sq.-ft. Roots Learning Center and a 7,000-sq.-ft. Roots Gymnastic Center.
After they are complete, other projects will begin with no set construction date, he said, including 188 apartments — 54 of which would be affordable housing units — spread across 10 mid-rise buildings.
In addition, a sit-down restaurant, a small, stand-alone retail building, two 7,400-sq.-ft. mixed-use warehouses and one mixed-use building with ground floor retail/commercial use and 14 apartment units above are on the drawing board.
