PeoplesBank
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Financial services |
| Founded | March 19, 1885 in Holyoke, Massachusetts, United States |
| Founder | William Skinner |
| Headquarters | Holyoke, Massachusetts , United States |
Area served | Western Massachusetts |
Key people | William Skinner (first president) |
| Products | Banking and financial solutions |
| Parent | PeoplesBancorp, MHC |
PeoplesBank stands as the foremost community bank in Western Massachusetts, providing a range of banking and financial solutions. By the year 2020, its total assets amounted to $3.3 billion.
History
Established on March 19, 1885, under the name Peoples Savings Bank, its inaugural president was William Skinner, associated with William Skinner and Sons Silk, who held the position until 1901. Influential regional personalities such as architect George P. B. Alderman and Judge John Hildreth played significant roles in the institution’s formative years; notably, Hildreth’s former residence, the Yankee Pedlar, was transformed into a branch location in 2019. Initially based in Downtown Holyoke, Massachusetts with an additional office in Springfield, the bank expanded its main offices in 1974 by constructing a Brutalist-style commercial building at the intersection of High and Suffolk Streets, contributing to urban renewal initiatives.
In October 2003, the institution adopted the PeoplesBank brand and currently functions as a subsidiary of PeoplesBancorp, MHC (Holyoke, MA). Its headquarters are situated near the Holyoke Mall at 330 Whitney Avenue, occupying the former premises of Community Savings Bank.
Sponsorship
In 2025, following an agreement between the City of Hartford and Capital Region Development Authority regarding naming rights, the XL Center was renamed PeoplesBank Arena.