2024 Impact Report Story

Ascend Bank (formerly Guilford Savings Bank) may be celebrating its 150th anniversary in 2025, but it gave The Guilford Foundation (TGF) a gift to remember. Just as 2024 drew to a close, the bank, a literal and figurative cornerstone of the Guilford community, transferred ownership of the historic building at 44 Boston St. to the Foundation.

Located just behind the main branch of Ascend Bank on Park Street, the Greek Revival house was built in 1844 by William Weld and was once the home of Charles Landon and family. Now, it is converted office space and has been home to TGF for nearly 20 years. The shared parking lot between the two buildings is just the tip of the iceberg regarding the alliance of Ascend Bank and TGF. 

Ascend Bank has a long history of philanthropy and community support. In 2013, the community bank established endowment funds at TGF and three other nearby foundations. In 2023, in response to the COVID-19 pandemic, GSB also committed to funding $30,000 in grant and sponsorship requests through the four foundations. In addition, Ascend Bank employees volunteer countless hours to local nonprofits.

“Ascend Bank was founded in Guilford, and for nearly 150 years, our guiding principles and core values as a community bank have been grounded in serving our neighbors and giving back to our community,” said Timothy Geelan, CEO. “This donation ensures that The Guilford Foundation has the permanent resources to continue its outstanding work in helping Guilford grow and thrive.”

The Guilford Foundation, celebrating its 50th anniversary in 2025, welcomed the permanent home when GSB made the offer.

“It was perfect timing in terms of our growth, to be given a permanent footprint on this charming New England street just steps from the Green,” says TGF Executive Director Liza Janssen Petra. “It is an incredible gesture of confidence and generosity, another extension of our connection with Ascend Bank, and a sign that our partnership will continue long into the future.”