Hampden Bank
Encyclopedia
Hampden Bank is currently one of two bank
s headquartered in Springfield, Massachusetts
, (the other - NuVo Bank - was opened in Metro Center
in 2009.) Established in 1852, Hampden Bank is a full-service bank that serves both families and businesses in Hampden County, Massachusetts
, and in surrounding communities. As of 2011, Hampden Bank has ten office locations in Springfield, Agawam, Longmeadow, West Springfield, Wilbraham, at Tower Square in Metro Center
Springfield, and in Indian Orchard
.
Hampden Bank offers customers innovative products in Internet banking, including on-line banking and bill payment services. Additionally, Hampden Financial, created through an alliance with MassMutual and The Novak Charter Oak Financial Group, offers clients insurance, financial products, and services at all Hampden Bank locations. As of 2011, Hampden Bank consists of ten full-service branches and an extensive network of ATM
s across Western Massachusetts
. It remained a mutual bank
until January 18, 2007, when its stock became public. As of 2011, Hampden Bank stock trades on the NASDAQ
as HBNK.
Founded in Springfield, Massachusetts
before the U.S. Civil War
in 1852, Hampden Bank's roots in Western Massachusetts run deep. Originally chartered to serve railroad employees - one of Hampden Bank's first locations, built in 1918, is listed on the National Register of Historic Places
- and is located two blocks south of Springfield Union Station. (For information on that building, see: Hampden Savings Bank
.) As of 2011, Hampden Bank's Main Office is located several blocks south of that location at 19 Harrison Avenue, near the center of the city's Downtown Business District.
Hampden Bank is a very financially sound banking company with assets totaling over $600 million, insured by both the Federal Deposit Insurance Corporation and the Depositors Insurance Fund.
The Hampden Bank Foundation provides grants to nonprofit
, community-based organizations in the Pioneer Valley
. Some examples of these institutions are Habitat for Humanity and the Community Music School of Springfield. Hampden Bank also sponsors the annual Hoop City Jazz & Art Festival, which draws tens of thousands of spectators to Springfield's Court Square
each July.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
s headquartered in Springfield, Massachusetts
Springfield, Massachusetts
Springfield is the most populous city in Western New England, and the seat of Hampden County, Massachusetts, United States. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers; the western Westfield River, the eastern Chicopee River, and the eastern...
, (the other - NuVo Bank - was opened in Metro Center
Metro Center, Springfield, Massachusetts
Metro Center is the original colonial settlement of Springfield, Massachusetts, located beside a bend in the Connecticut River. As of 2011, Metro Center features a majority of Western Massachusetts' most important cultural, business, and civic venues...
in 2009.) Established in 1852, Hampden Bank is a full-service bank that serves both families and businesses in Hampden County, Massachusetts
Hampden County, Massachusetts
-Demographics:As of the census of 2004, there were 461,228 people, 175,288 households, and 115,690 families residing in the county. The population density was 738 people per square mile . There were 185,876 housing units at an average density of 301 per square mile...
, and in surrounding communities. As of 2011, Hampden Bank has ten office locations in Springfield, Agawam, Longmeadow, West Springfield, Wilbraham, at Tower Square in Metro Center
Metro Center, Springfield, Massachusetts
Metro Center is the original colonial settlement of Springfield, Massachusetts, located beside a bend in the Connecticut River. As of 2011, Metro Center features a majority of Western Massachusetts' most important cultural, business, and civic venues...
Springfield, and in Indian Orchard
Indian Orchard, Springfield, Massachusetts
Indian Orchard is a neighborhood in the City of Springfield, Massachusetts. It is located in the northeastern corner of the city, beginning about four and a half miles from Metro Center. Containing 1,251 acres plus rights of way and water bodies, it is the fifth largest of Springfield's seventeen...
.
Hampden Bank offers customers innovative products in Internet banking, including on-line banking and bill payment services. Additionally, Hampden Financial, created through an alliance with MassMutual and The Novak Charter Oak Financial Group, offers clients insurance, financial products, and services at all Hampden Bank locations. As of 2011, Hampden Bank consists of ten full-service branches and an extensive network of ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
s across Western Massachusetts
Western Massachusetts
Western Massachusetts is a loosely defined geographical region of the U.S. state of Massachusetts which contains the Berkshires, the Pioneer Valley, and some or all of the Swift River Valley. The region is always considered to include Berkshire, Franklin, Hampshire, and Hampden counties, and the...
. It remained a mutual bank
Mutual bank
Mutual bank or mutual banking may refer to*Mutual savings bank*Cooperative banking*Mutualism...
until January 18, 2007, when its stock became public. As of 2011, Hampden Bank stock trades on the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
as HBNK.
Founded in Springfield, Massachusetts
Springfield, Massachusetts
Springfield is the most populous city in Western New England, and the seat of Hampden County, Massachusetts, United States. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers; the western Westfield River, the eastern Chicopee River, and the eastern...
before the U.S. Civil War
Civil war
A civil war is a war between organized groups within the same nation state or republic, or, less commonly, between two countries created from a formerly-united nation state....
in 1852, Hampden Bank's roots in Western Massachusetts run deep. Originally chartered to serve railroad employees - one of Hampden Bank's first locations, built in 1918, is listed on the National Register of Historic Places
National Register of Historic Places
The National Register of Historic Places is the United States government's official list of districts, sites, buildings, structures, and objects deemed worthy of preservation...
- and is located two blocks south of Springfield Union Station. (For information on that building, see: Hampden Savings Bank
Hampden Savings Bank
Hampden Savings Bank is a historic bank building at 1665 Main Street in Springfield, Massachusetts. The building's original tenant, Hampden Bank, now has a headquarters several blocks south of this site at 19 Harrison Avenue, next to a pedestrian-only mall...
.) As of 2011, Hampden Bank's Main Office is located several blocks south of that location at 19 Harrison Avenue, near the center of the city's Downtown Business District.
Hampden Bank is a very financially sound banking company with assets totaling over $600 million, insured by both the Federal Deposit Insurance Corporation and the Depositors Insurance Fund.
The Hampden Bank Foundation provides grants to nonprofit
Non-profit organization
Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...
, community-based organizations in the Pioneer Valley
Pioneer Valley
The Pioneer Valley is the colloquial name for the U.S. Commonwealth of Massachusetts's portion of the Connecticut River Valley. The Pioneer Valley consists of three counties in Massachusetts which collectively feature much of New England's most fertile farmland...
. Some examples of these institutions are Habitat for Humanity and the Community Music School of Springfield. Hampden Bank also sponsors the annual Hoop City Jazz & Art Festival, which draws tens of thousands of spectators to Springfield's Court Square
Court Square
Court Square in Springfield, Massachusetts, USA, is a park and National Historic District in the heart of Springfield's urban Metro Center neighborhood. Court Square is the City of Springfield's only topographical constant since its founding in 1636...
each July.