Greenfield Savings Bank Expands with New Southern HQ in Easthampton

Greenfield Savings Bank has officially broken ground on its new Easthampton branch, which will serve as its southern headquarters as the company grows deeper into Hampshire and Hampden counties.

During a July 2 ceremony, roughly 40 people gathered at 93-97 Northampton St. to celebrate the start of construction for the new office, which is located within the new 33-acre Sierra Vista Commons — the city’s largest mixed-use project in decades.

"It's not really just a branch, this is really going to be our southern headquarters so we can continue to do business into Hampden County as well as Hampshire County," said Thomas J. Meshako, the bank’s president and CEO.

The new location brings Greenfield Savings Bank’s total number of branches to nine, serving a growing base of customers with wealth management, trust services, commercial lending and mortgage services. The Easthampton site alone already supports more than 400 local customers and manages nearly 1,000 deposit and loan accounts.

“The bank has seen — over the last few years — a lot of growth with commercial lending specifically in Easthampton and that was really the catalyst for us making the decision to come down here,” said Kevin De Rosa, Greenfield Savings Bank’s first vice president, who is leading the expansion. “We're excited to come into Easthampton. We don't just have branches; we engrain ourselves in the community."

Mayor Nicole LaChapelle, who attended the event, praised the bank’s decision to invest in Easthampton and highlighted its role in the broader Sierra Vista Commons vision.

"This is a part of the biggest mixed-use development Easthampton has ever seen since a mill has been built," LaChapelle said. "Greenfield Savings is not a stranger to Easthampton. The branch has grown bigger, and we're delighted to be your southern hometown location."

The branch’s groundbreaking marks the first vertical construction for Sierra Vista Commons — also known as the Tasty Top Development — an ambitious project expected to attract between $26 million and $30 million in total investment.

Frank DeMarinis, owner of SAGE Engineering & Contracting Inc., purchased the 33-acre site in 2022 for $2.2 million. Greenfield Savings Bank quickly partnered with DeMarinis after identifying the site as a strategic base to serve expanding communities south of its Greenfield headquarters.

“This is where we think the growth in Easthampton really is,” Meshako said.

The modern, two-story branch is expected to open to the public by January 2026, with construction set to wrap by December 15, 2025. Work on the site will include removing underground clay clusters to prepare the property for the new facility.

Future phases of Sierra Vista Commons will add significant community amenities and housing. SAGE Engineering plans to break ground within six months on a Roots Learning Center and a Roots Gymnastic Center. Longer-term plans call for 188 apartments — including 54 affordable units — plus new retail, restaurants, mixed-use warehouses and a mid-rise building with apartments above ground-floor commercial space.

Together, the bank’s expansion and the broader Sierra Vista Commons project are poised to transform this stretch of Easthampton into a vibrant mixed-use district, supporting economic growth, local jobs and new housing options for the region.

Originally reported by Construction Equipment Guide.