FRANKLIN, NH (October 29, 2018) – Franklin Savings Bank is pleased to announce the promotions of Carol B. Laro to SVP, Human Resources Officer, and Deborah J. Clapp to VP, Senior Credit Analyst.

Laro joined FSB in 1979 in the bank’s bookkeeping department, later transitioning into other roles in operations and branch management before her promotion to VP, Human Resources Officer in 1990.  She has a B.S. in business from Colby-Sawyer College and is a graduate of the Northern New England School of Banking.   In addition, she serves on the human resources committee for the New Hampshire Bankers Association.

“This is a wonderful accomplishment for Carol given her many years of service and commitment to the bank,” commented Ron Magoon, President & CEO.  “Her length of service with us is truly remarkable; she is one of the longest serving employees in the history of the bank.”

Further, Clapp joined the bank in 2012 as a Senior Credit Analyst in the commercial lending department.  Since then, she has developed a credit department and has shared her extensive knowledge with others to give them a strong foundation on credit analysis.  Clapp has over 20 years of experience in banking with over 15 years spent in credit.

Continued Magoon, “Debbie is a tremendous asset to our credit department and her team.  Her dedication and unwavering commitment to delivering timely underwriting decisions demonstrates her focus on providing exceptional customer service, and is appreciated by our commercial lenders and her peers.” 

Established in 1869, Franklin Savings Bank is an independent, mutually-owned community bank, offering a full array of commercial lending, personal banking and investment services throughout the Central Lakes Region and southern New Hampshire. Headquartered in Franklin, the Bank has offices in Bristol, Boscawen, Tilton, Gilford and Merrimack, as well as an office in Bedford for business lending. Franklin Savings Bank also offers investment, insurance and financial planning services through its wholly-owned subsidiary, Independence Financial Advisors, from offices in Franklin, Bedford, Gilford, Nashua, Rochester and Merrimack, New Hampshire. As a recognized leader in providing the latest in financial services technology, Franklin Savings Bank remains committed to serving the needs of businesses, families and the communities it serves, through a dedicated team of employees, a diverse line of financial products and services, and continued investment in emerging technology.

You can learn more about Franklin Savings Bank by calling 1.800.372.4445, or visiting, or following the bank on Facebook, LinkedIn, Twitter and YouTube.