page_title: PeoplesBank
section_title: History
hierarchical_section_title: PeoplesBank / History
caption_attribution_description: English: Early advertisement for the Peoples Savings Bank, Holyoke, Massachusetts
context_page_description: PeoplesBank is the largest community bank in Western Massachusetts, providing banking and other financial services. As of 2015 it had just under $2 billion in assets.
context_section_description: PeoplesBank is a branch bank incorporated on March 19, 1885 as Peoples Savings Bank. Its first president was William Skinner of William Skinner and Sons Silk, who would serve as the bank's president from its founding until 1901, a year before his passing. A number of prominent figures in Holyoke's founding would work for the bank, including architect George P. B. Alderman, who sat on its board, and Judge John Hildreth, as a clerk, whose Oakdale estate, the Yankee Pedlar, was reopened as a branch of the bank in 2019. It was first headquartered in Downtown Holyoke, Massachusetts with an additional office in Springfield, Massachusetts. In 1974, the bank would expand its headquarters with a large Brutalist commercial block at the corners of High and Suffolk Streets as part of a city revitalization campaign, where it maintains a branch today.
  By October 2003, it formally changed its name to PeoplesBank, and operates as a subsidiary of PeoplesBancorp, MHC (Holyoke, MA), out of headquarters by the Holyoke Mall at 330 Whitney Avenue, formerly the offices of Community Savings Bank. It operates 19 branches in Massachusetts.
caption: Early 20th century ad for Peoples Savings Bank
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