< See More Results
 
A
B
Miles     Kilometers
  Reset

Institution For Savings

Not Rated Not Rated

93 State St, Newburyport, MA 01950
www.institutionforsavings.com
(978) 462-3106
 
In 1820, 34 prominent citizens of the city of Newburyport sent a request to the Massachusetts General Court requesting to incorporate an institution "for the purpose of receiving money on deposit and investing the same to the best advantage of the own...read more
In 1820, 34 prominent citizens of the city of Newburyport sent a request to the Massachusetts General Court requesting to incorporate an institution "for the purpose of receiving money on deposit and investing the same to the best advantage of the owners thereof." On January 31, 1820, that charter was granted, creating the third savings bank in the Commonwealth. The Institution for Savings was born. Opening deposits totaling $465.10 were collected on the first day. Today, the Institution for Savings is widely recognized as one of the oldest and most stable mutual banks in the country, with assets totaling approximately $1.3 billion as of March 31, 2012. It is also the largest mutual savings bank in the Greater Newburyport region and the third largest on the North Shore. The Institution for Savings' well-known reputation as strong and steady goes far beyond its elegant architecturally-significant Victorian main office building, built in 1870 and long considered a historic landmark in Newburyport. The bank has known only 16 presidents in its 190-year history, all of whom have been hired from within. This includes current President and CEO Michael J. Jones, who succeeded Mark F. Welch as President on July 1, 2010. In recent years, the Institution for Savings has made significant strides to expand its market. In 2006, it opened its first ever full-service banking office outside of Newburyport, in the heart of Salisbury Square. In 2007, it opened its Rowley office, which also houses the bank's Commercial Lending Center, and in 2011 the bank opened its second Ipswich location at 112 County Road within the Powder House Village complex. A new full-service office is planned for Topsfield, tentatively scheduled to open in early 2013. In July of 2007, the bank merged with the Ipswich Co-operative Bank, another vital community bank, after more than a year of discussions and planning. The combined Institution for Savings is now one of the region's strongest and largest community banks, with five full service offices in Newburyport, Ipswich, Salisbury and Rowley. The bank also has educational high school branches in Newburyport, Ipswich and triton Regional High Schools. The bank's strong and well-deserved reputation as a community-minded bank is due in large part to its Employees, Officers and Trustees who are active in their respective communities. In 2011 it was named #1 Small Employer in Massachusetts in the BOSTON GLOBE's annual Top Places to Work Survey. This was the third consecutive year that the bank was named the top 100 list of employers in this survey. Additionally, the Institution for Savings and the 2 Depot Square Ipswich Charitable Foundations are vehicles to guarantee for future generations the charitable giving that had been the bank's hallmark since 1820. In the last five years, the Foundations donated more than $2 million to community organizations and causes, including a landmark $500,000 donation to the Newburyport Education Foundation in 2005 to restore the science laboratories at the Rupert Nock Middle School in Newburyport. This donation was the largest ever for the Foundation and believed to be the largest private donation to any public school in the region. The Institution for Savings offers a full menu of personal and commercial financial products and services for individuals, businesses and organizations, including deposit accounts, lending services, Internet/Mobile Banking and Bill Pay, and retirement accounts.
 
 

Business Details

Additional Locations

  • 68 Storey Avenue,Newburyport,MA 01950
  • 112 County Road, 2 Depot Square,Ipswich,MA 01938
  • 7 Bridge Road,Salisbury,MA 01952

Category

(Edit)
Personal Loans

Hours of Operation

(Edit)
  • Mon 08:00 AM-04:00 PM
  • Tue 08:00 AM-04:00 PM
  • Wed 08:00 AM-04:00 PM
  • Thu 08:00 AM-04:00 PM
  • Fri 08:00 AM-06:00 PM
  • Sat 08:00 AM-12:00 PM

Additional Information

  • Other Locations: Residential Lending Office, 81 State Street, Newburyport, 978-462-2344 Rowley Office and Commercial Lending Center,312 Haverhill Street, Rowley 978-948-6040

Certification & Affiliations

  • Federal Deposit Insurance Corporation

Ownership

  • Locally owned

Products & Services

(Edit)
  • 24 Hour Banking
  • Adjustable Rate Loans
  • Adjustable Rate Mortgages
  • ATM Cards
  • ATM Machines
  • More
  • Auto Loans
  • Banking Services
  • Branch Locations
  • Business Checking Accounts
  • Certificates of Deposit
  • Checking Accounts
  • Children's Savings Accounts
  • Commercial Loans
  • Construction Loans
  • Consumer Loans
  • Conventional Loans
  • Credit Lines
  • Direct Deposit
  • Equal Housing Lender
  • Fixed Rate Loans
  • Home Construction Loans
  • Home Equity Loans
  • Home Improvement Loans
  • Individual Retirement Accounts
  • Interest Checking Accounts
  • Money Market Accounts
  • Mortgages
  • Online Banking
  • Personal Loans
  • Phone Banking
  • Real Estate Loans
  • Recreational Vehicle Loans
  • Refinancing
  • Refinancing Loans
  • Residential Services
  • Savings Accounts
  • Small Business Loans
  • Less

Specialties

(Edit)
  • Buildings

In Business Since

  • 1820

Customers Served

  • Residential, Commercial
 

Are You the Business Owner?

Claim your free business listing on Superpages.com and add important information about your business online. The more reviews and additional information you provide about your business, the easier it will be for customers to find you online.

  • Manage your reviews and ratings
  • Create coupons
  • Connect with customers

Reviews

Not RatedNot Yet Rated | Write a Review

Blogs


 
 
Browse to locate your photos. All photos are subject
to review and take at least 24 hours to appear on the site.

JPEG or GIF only, no larger than 5MB
Enter a title for your photo and upload.

By uploading a photo you are agreeing to our Photo Guidelines
 

You Might Also Like

  • Goodyear Tire & Service Network
  • Expert Technicians & Comprehensive Service. Find A Location Near You.
  • View Website

Search Nearby

Data provided by one or more of the following: Dex Media, Acxiom, Infogroup
User Generated Content Guidelines
    Edit this Business Info - Publishing Guidelines
  • User provided updates will not over-write updates provided by the business owner.
  • Superpages.com's editorial department will review the updates, but does not validate the updates with the business.
  • Information provided will be screened and must meet the Content Guidelines before it is published on Superpages.com.
  • Superpages.com reserves the right to remove any content that does not conform to policy.
  • By submitting information, you are granting Superpages.com permission to publish the information you provided.
  • Most submissions take at least 24 hours and may take up to a week to appear online.
    Photos - Publishing Guidelines
  • For photos to publish, the user has to be a registered Superpages.com user.
  • The user will receive an email from Superpages.com asking them to click the link verifying that the photo can be published on Superpages.com.
  • All photos will be edited by Superpages.com staff.
  • The photos must meet the Superpages.com Photo Guidelines.
    • The Content was created by me or by my employees or by a third party who has given me written permission to use the Content in the manner contemplated by the Application.
    • If the Content includes a person or persons, I have obtained from each person in the photo the unrestricted right to use the photo.
    • I have the unrestricted right and authority to use the Content in any media and in any advertising published under the Application in the way it is used.
  • Superpages.com reserves the right to remove any content that does not conform to policy.
  • By submitting information, you are granting Superpages.com permission to publish the information you provided.
  • Most submissions take at least 24 hours and may take up to a week to appear online
    Business Blogs - Publishing Guidelines
  • For Business Blogs to publish, the user has to be a registered Superpages.com user.
  • The user will receive an email from Superpages.com asking them to click the link verifying that the blog can be published on Superpages.com.
  • Blogs will be edited by Superpages.com staff.
  • The Blogs must meet the Superpages.com Content Guidelines.
  • Superpages.com reserves the right to remove any content that does not conform to policy.
  • By submitting information, you are granting Superpages.com permission to publish the information you provided.
  • Most submissions take at least 24 hours and may take up to a week to appear online.
    Abuse Policy
  • Content that is not acceptable can be reported through our Report Abuse link. Superpages.com staff will review all reports and remove those that violate policy.
  • The following may be considered abusive and lead to the removal of content:
    • Profane, obscene, abusive, offensive, objectionable, unintelligible language.
    • Adult material, including graphic images, written images, URLs, or links.
    • Negative comments about individual employees, including names.
    • References to another company, whether by name, domain name, trademarks or service marks.
    • Malicious intent

In 1820, 34 prominent citizens of the city of Newburyport sent a request to the Massachusetts General Court requesting to incorporate an institution "for the purpose of receiving money on deposit and investing the same to the best advantage of the owners thereof." On January 31, 1820, that charter was granted, creating the third savings bank in the Commonwealth. The Institution for Savings was born. Opening deposits totaling $465.10 were collected on the first day. Today, the Institution for Savings is widely recognized as one of the oldest and most stable mutual banks in the country, with assets totaling approximately $1.3 billion as of March 31, 2012. It is also the largest mutual savings bank in the Greater Newburyport region and the third largest on the North Shore. The Institution for Savings' well-known reputation as strong and steady goes far beyond its elegant architecturally-significant Victorian main office building, built in 1870 and long considered a historic landmark in Newburyport. The bank has known only 16 presidents in its 190-year history, all of whom have been hired from within. This includes current President and CEO Michael J. Jones, who succeeded Mark F. Welch as President on July 1, 2010. In recent years, the Institution for Savings has made significant strides to expand its market. In 2006, it opened its first ever full-service banking office outside of Newburyport, in the heart of Salisbury Square. In 2007, it opened its Rowley office, which also houses the bank's Commercial Lending Center, and in 2011 the bank opened its second Ipswich location at 112 County Road within the Powder House Village complex. A new full-service office is planned for Topsfield, tentatively scheduled to open in early 2013. In July of 2007, the bank merged with the Ipswich Co-operative Bank, another vital community bank, after more than a year of discussions and planning. The combined Institution for Savings is now one of the region's strongest and largest community banks, with five full service offices in Newburyport, Ipswich, Salisbury and Rowley. The bank also has educational high school branches in Newburyport, Ipswich and triton Regional High Schools. The bank's strong and well-deserved reputation as a community-minded bank is due in large part to its Employees, Officers and Trustees who are active in their respective communities. In 2011 it was named #1 Small Employer in Massachusetts in the BOSTON GLOBE's annual Top Places to Work Survey. This was the third consecutive year that the bank was named the top 100 list of employers in this survey. Additionally, the Institution for Savings and the 2 Depot Square Ipswich Charitable Foundations are vehicles to guarantee for future generations the charitable giving that had been the bank's hallmark since 1820. In the last five years, the Foundations donated more than $2 million to community organizations and causes, including a landmark $500,000 donation to the Newburyport Education Foundation in 2005 to restore the science laboratories at the Rupert Nock Middle School in Newburyport. This donation was the largest ever for the Foundation and believed to be the largest private donation to any public school in the region. The Institution for Savings offers a full menu of personal and commercial financial products and services for individuals, businesses and organizations, including deposit accounts, lending services, Internet/Mobile Banking and Bill Pay, and retirement accounts.