Institution for Savings

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 $3.5 billion as of June 30, 2018. It is also the largest mutual savings bank in the Greater Newburyport region and the third largest on the North Shore. 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. The Bank currently has 15 full-service locations in Salisbury, Amesbury, Newburyport (2), Rowley, Ipswich (2), Topsfield, Hamilton, Boxford, Middleton, Beverly, Salem, Gloucester and Rockport. 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. It has been named a Boston Globe TOP PLACE TO WORK for 10 consecutive years and three times as the #1 Employer. 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. Member FDIC. Member DIF. We are an Equal Housing Lender.