Business & Tech
OneLocal Launches To Provide Everyday Banking For Everyone
Former Foxboro Federal Savings and Norwood Bank Announce New Name Resulting From Merger For Stronger Market Position
In July 2022, Norwood Bank and Foxboro Federal Savings announced their plans to merge in order to create one stronger community bank. The merger is now complete, and the new bank will be known as OneLocal. With over $800 million in total assets, OneLocal has a very strong capital position and the resources required to maintain the highest levels of service. The combined staff of 88 friendly and knowledgeable employees that customers have come to know and trust will remain in all four branch locations, and the bank will continue to invest in the latest technology to deliver an optimal digital banking experience.
OneLocal will remain a proud local institution, an independent financial resource for area families and businesses, and a strong supporter of local charities and causes. The line “Everyday Banking” reflects OneLocal’s commitment to meet the unique needs of each customer – whether retail or commercial, in person or online, with the very best technologies and services.
“Everything we do centers around the idea of finding new and innovative ways of delivering an extraordinary banking experience for our customers. Knowing our customers, advising on their financial needs, delivering best-in-class products and services, protecting their financial interests and giving back to the community we share is what we do best,” said John Galvani, President and CEO, OneLocal.
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Galvani also stated, “We’ve never been better positioned to leverage our combined staff, branch locations, expanded product offerings, enhanced technology, and exciting positive work culture to deliver an even-better banking experience for our customers. Our website will have a new look but will offer the same functionality customers have come to rely on.”
The commitment that both former Foxboro Federal Savings and Norwood Bank had to community investment will not only continue but will grow as OneLocal will provide additional resources to increase donations through an enhanced charitable foundation.
