FLORENCE—Florence Bank has hired Meghan Parnell of Holyoke to serve as vice president / credit manager in the Commercial Lending department.

She will lead her team in the analysis of existing and proposed commercial loans and commercial loan portfolio management and assist the senior management team with loan policy, budgeting, strategic planning and external support systems. 

Skilled in commercial credit and lending, financial analysis, team leadership, process improvement and digital strategy, Parnell has served as a chief lending officer, senior financial product manager, business lending manager and commercial credit officer. 

She holds an associate degree in mathematics from Holyoke Community College and a bachelor’s degree in business administration from the University of Massachusetts, Amherst.

In the community, Parnell has served Family Outreach of Amherst, the Amherst Area Chamber of Commerce, Paulo Freire Social Justice Charter School and Holyoke Community College Foundation, as treasurer.

She was named a BusinessWest 40 Under 40 in 2014.

“With her 24 years of experience in the industry and a broad range of skills and experience, we are confident that Meghan will work well with our commercial lending team in nurturing commercial relationships,” said President and CEO Matt Garrity.

To learn more about Florence Bank, visit FlorenceBank.com.

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About Florence Bank

Florence Bank is a mutual savings bank chartered in 1873. Currently, the bank serves the Pioneer Valley through 12 full-service branch locations in Florence, Northampton, Easthampton, Williamsburg, Amherst, Hadley, Belchertown, Granby, Chicopee, West Springfield, and Springfield. Additionally, it offers 25 ATMs and a wide range of financial services, including investment management through Florence Financial Group to consumers and businesses. Florence Bank is consistently voted best local bank by the readers of the Valley Advocate and the Daily Hampshire Gazette.