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 $3.2 billion as of September 30, 2017. 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. Since that time, it has opened additional full-service banking offices in Rowley, Ipswich, Topsfield, Boxford, Middleton, Beverly, Gloucester and Rockport.

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