“The support we received from SBW was incredible. They made something complex feel manageable—and they were right with us at every step.”
Helping local employees become local owners.
When Steve Silverstein, founder of Keene’s Tree-Free Greetings, was ready to step away from the business, he didn’t want to sell to a national chain or private equity firm. He wanted to keep the company and the jobs right here in the Monadnock Region, rewarding the people who helped him build the business.
With help from Savings Bank of Walpole, he did exactly that.
SBW financed the transition to an Employee Stock Ownership Plan (ESOP), turning Tree-Free’s dedicated employees into owners. For new Co-CEO Doris Webb and her team, it meant stepping into the future with confidence, continuity, and pride.
About Tree-Free Greetings:
Tree-Free Greetings is a mission-driven greeting card company that designs and prints cards in the USA using 100% post-consumer recycled paper. Today, the business is employee-owned, preserving the culture, values, and local jobs that have always made it special.
Is an ESOP in the cards for your business? Learn more and explore other business banking products by calling (603) 352-1822 or contacting our Business Banking Team.
