Overview & History
Our Mission Statement
Foxboro Federal Savings is a community based, FDIC insured, financial institution with offices in Foxboro, Norfolk and Plainville, Massachusetts. Mutually chartered, highly capitalized and strongly rated, Foxboro Federal has two core business segments.
Lending – Foxboro Federal provides a variety of consumer and commercial financing, ranging from real estate based mortgage lending to automobile and personal loans.
Savings & Checking – Foxboro Federal offers a full range of personal and business savings, checking and certificate of deposit products, each designed to provide value and convenience to our customers.
Providing financial services prior to our incorporation in 1889, Foxboro Federal Savings has long focused on the needs of it customers and the communities it serves. What differentiates Foxboro Federal from our competition is our ability and desire to recognize the individual customer as our source for continued success.
It started in 1889 with the help of a Carpenter. Our first president was Ezra Carpenter, the son of a Minute Man who fought at Lexington. His was a tradition of great accomplishments in government, transportation and manufacturing and he helped set the high standards we operate by today.
Whether it’s a child’s first savings account, the purchase of a new home or the management of your retirement accounts, the spirit of Foxboro Federal has always been to provide the financial services required to meet our customer needs. It was that way in 1889 and it remains true to this day.
Customers: To provide financial services representing true value and benefit in a manner as to gain and hold customer loyalty.
Profit: To achieve sufficient profit to provide the resources necessary to accomplish our corporate objectives as well as to ensure that all regulatory capital requirements are maintained and exceeded.
Growth: To foster growth in a controlled and profitable manner so as to increase product market share, gain certain economies of scale and obtain sufficient resources to compete effectively.
People: To help our employees share in the company’s success and to encourage their professional growth and development.
Community:To honor our mission as a community based organization by being an economic and social asset to the constituencies we serve.