Millbury National Bank

Tradition

The bank’s multigenerational leadership spans the Harris, Waters, Hull, Corey, Matson, Warren and many other families, reflecting a legacy of tradition.

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Our history is a story
of progress.

1825

Through the efforts and influence of a number of prominent citizens The Millbury Bank was established. The Massachusetts Legislature approved the act in June of 1825. Asa Waters II was chosen as the first president and a banking room was established in the Farnsworth Block, located on Elm Street in Millbury. 

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1864

The Millbury Bank changed to the Millbury National Bank in November of 1864. The sound judgment and business savvy of the officers and directors soon put Millbury National Bank among the foremost banking institutions in the state.

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1881

The bank was moved to the Millbury Savings Bank Building across the street from the Farnsworth building occupying one side of the bank room. 

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1913

The Statement of Condition showed that the bank continued to be a sound financial institution, which stood among the best in the state.

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1924

Millbury National Bank moved to its new quarters at 18 Main Street. Two additions have been made since then to handle the expanding operation.

Image illustrating 1924

1995

The bank opened a branch at 215 Worcester Street in North Grafton in December of 1995.

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2010

The bank relocated the North Grafton branch to South Grafton in November 2010 to better serve the Blackstone Valley Communities.

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2018

The bank closed the Grafton branch as part of a strategic shift to digital banking. Shortly after closure, an online branch with online account opening was launched to strengthen the bank’s digital presence. 

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Today

Millbury National Bank continues to serve the Central Massachusetts community and is committed to helping businesses prosper in the Blackstone Valley. We celebrated our 200th anniversary in June of 2025, and continue to support and encourage the growth of small businesses, just as we have for the last 200 years. 

Image illustrating Today