Martha's Vineyard Savings Bank Opens Falmouth Branch

June 2 - 14 Opening Celebration To Include
Prize Giveaways,  Special Banking Offers,  Shredding Event  & More

Public Invited To Family Barbecue on Saturday, June 14 

Falmouth, MA --  Martha's Vineyard Savings Bank opened its newest full service branch on Monday, June 2.  Located at 397 Palmer Avenue in Falmouth, the 3000 square foot Cape Cod style facility offers a complete range of financial services, including checking, savings, home equity loans, business loans, mortgages, CDs, money market accounts, safe deposit rentals, estate planning, trust and asset management, investment tools and more. 

This new branch not only expands banking accessibility for local residents, but also provides added convenience for those traveling to and from the Vineyard. 

Shown above at the Ribbon Cutting ceremonies, (left to right): Otis Porter Jr., Board of Trustees Chair, Falmouth Public Library; Jay Zavala, President, Falmouth Chamber of Commerce; Rebecca Moffitt, Falmouth Board of Selectmen; Paul Falvey, President & CEO, Martha's Vineyard Savings Bank; Elsa Vieira, Falmouth Branch Manager, Martha's Vineyard Savings Bank; David Weston, Vice President, Trust Officer, Martha's Vineyard Savings Bank; Jeffrey Dykens, COO, Falmouth Hospital; Kevin Murphy, Shuckers World Famous Raw Bar; and Michael Kasparian, Vice President-Operations, Falmouth Chamber of Commerce.   Photo: Amy Rader

Dedicated to providing the ultimate in personalized, community banking, Martha's Vineyard Savings Bank is hosting a special two week Opening Celebration from June 2 – 14 featuring giveaways, special offers, complimentary document shredding and a Family Barbecue. 

Including the purchase price of the building and additional renovations, Martha's Vineyard Savings Bank has made an investment of $1.5 million in the new Falmouth property.  The opening adds a half dozen new jobs to Falmouth. Managing the branch will be Elsa Vieira, who brings 27 years of banking experience to her new position. David Weston is Vice President, Trust Officer.  

The Palmer Avenue branch marks the Bank's ninth location: seven on the island of Martha's Vineyard plus a branch in Woods Hole, which opened in 2009.  Voted Best of the Vineyard for 12 consecutive years, Martha's Vineyard Savings Bank is also the home of the Martha's Vineyard Financial Group.  With a history that extends back more than a century, Martha’s Vineyard Savings Bank continues to fulfill its customers comprehensive financial needs, on-island and off. 

Opening Celebration Events

The Bank’s two-week Opening Celebration will showcase the following: 

June 2 - 14   •  Customer Appreciation Giveaways 

• Customer Appreciation Giveaways will include the opportunity to win an iPad and a Flat Screen TV, as well as Red Sox and New England Patriots Putnam Club tickets.  Entries may be submitted in the lobby of the Falmouth bank.  The drawing is open to all.  Winning entries will be drawn on June 14. 
 
June 2 – 14   •  Special Banking Offers
• The Palmer Branch Grand Opening Special Six Month CD. With a $1000.00 minimum investment, customers may open a Certificate of Deposit account affording a premium rate plus a special rollover option.  (Full details and conditions are available at the branch’s Customer Service Desk.) • The Palmer Branch Grand Opening Residential Mortgage Special.Falmouth homeowners who apply for a new mortgage by September 30, 2014, will receive a free home appraisal and become eligible for a $100 closing fee credit plus mortgage rate discounts. (Full details and conditions are available at the branch’s Customer Service Desk.) 

Saturday, June 14   •  A Family Barbecue 
The Opening Celebration culminates with the Bank hosting a complimentary Family Barbecue at 397 Palmer Avenue on Flag Day, Saturday, June 14, from 10 a.m. to 2 p.m.  The event is free and open to the public and will include food, beverages, entertainment, activities for the kids and more.  

WCOD DJ Nina Jackson will broadcast live from the event and give away an additional pair of Red Sox tickets, courtesy of the radio station. 

Complimentary Document Shredding Event

As a community service (and simultaneous with the Family Barbecue), the Bank will host a complimentary Document Shredding Event on Saturday, June 14, from 10 a.m. to 2 p.m.  

The proper disposal of documents containing sensitive, personal information is a major step in preventing identify theft.  The public is encouraged to bring old bills, checks, Bank statements, legal documents and more to be shredded free of charge. To accommodate as many individuals as possible, customers will be limited to two standard storage/banker boxes of documents per person.  Shredding services will be provided by Cintas Document Management. 

A Dedication to Service

With more than 100 employees, Martha's Vineyard Savings Bank is led by President and CEO Paul Falvey.  He commented, “Since its inception, Martha's Vineyard Savings Bank has maintained a deep rooted belief that it takes a strong, local commitment to help a community stay strong.  Our staff knows our customers on a first name basis, whether they come to us for personal banking, mortgages and loans, or estate services.  We are your neighbors. Successful banking depends on offering convenient locations, competitively priced products, and neighborly customer service. We take nothing for granted.  That’s been our philosophy since the beginning, and it continues today as we celebrate the opening of our newest location in Falmouth.” 

About Martha's Vineyard Savings Bank

Martha’s Vineyard Savings Bank is a full-service savings bank headquartered in Edgartown, Massachusetts. The Bank traces its history to 1909 when a group of local people dedicated to the Island introduced cooperative banking to Martha’s Vineyard. The mutual Bank was chartered in 1955 and currently manages assets totaling more than $740 million. 

All of the Bank’s deposits are insured through the Federal Deposit Insurance Corporation (FDIC) and the Depositor’s Insurance Fund (DIF). Wealth management and trust services are provided by Martha’s Vineyard Financial Group.Visit www.mvbank.com.