Established in 1911, the Massachusetts State House Notes Program is a convenient certification procedure that helps local governmental entities obtain funding. Notes can be approved for a number of purposes, such as departmental equipment, schools, or utilities.
Cities and towns demonstrate a need for borrowing and the ability to repay then seek bids from local banks for the proposed notes. Once a winning bidder is chosen the Cities and towns work with the State to complete all the necessary paperwork and approve the note.
In FY2022 Greenfield Cooperative Bank was one of the top 3 purchasers of notes, and out of the top three was the only bank located in Western Massachusetts.
The Massachusetts State House Notes Program helps keep our cities and towns running. As a local bank, Greenfield Co-op is committed to supporting the communities we serve.
Click to read more information about the FY2022 State House Notes Program Summary.