North Brookfield celebrates 90 years since founding of Savings Bank and community history

On May 19, 2025, the North Brookfield Historical Society held a meeting to commemorate the 90th anniversary of the town's incorporation, originally established in February 1812. The gathering, inspired by the late member Janet Feddler, focused on the history of the North Brookfield Savings Bank, with President Bill Coble leading the discussion.

Coble highlighted the bank's origins, tracing back to a citizens' meeting on April 7, 1853, where the need for a local bank was recognized. The North Brookfield Savings Bank was officially established by the Massachusetts General Court in 1854, thanks to the efforts of local leaders, including Amias Walker, the bank's first president, and Hiram Knight, who served as secretary and treasurer. Their contributions were pivotal in laying a solid foundation for the bank, which initially operated out of Knight's store.

The meeting also underscored the economic context of the time, noting that North Brookfield was home to over 1,100 residents and the thriving Bachelor Shoe Company, which significantly influenced the local economy. Coble shared insights into the bank's evolution, including its relocation after a fire in 1862 and the construction of a new building in 1893, which cost $11,306—a substantial amount for that era.

Throughout its history, the bank has experienced fluctuations in assets, particularly during economic downturns, such as the period following the closure of the Bachelor Shoe Company. Despite these challenges, Coble expressed optimism for the future, emphasizing the enduring role of community banks like North Brookfield Savings Bank amidst the trend of larger banking mergers.

The meeting served not only as a celebration of the town's history but also as a reminder of the importance of local institutions in fostering community resilience and economic stability. As North Brookfield looks ahead, the commitment to preserving its rich history and supporting local initiatives remains a priority for its residents and leaders.