Institution for Savings

Institution for Savings in Newburyport and Its Vicinity is a bank based in Newburyport, Massachusetts.

Institution for Savings in Newburyport and Its Vicinity
TypeMutual organization
IndustryBanking
Founded1820 (1820)
HeadquartersNewburyport, Massachusetts
Key people
Michael J. Jones, CEO
Websitewww.institutionforsavings.com

It has 15 branches, all of which are in Essex County, Massachusetts.

It is a mutual organization. As of December 31,2019, it had $3.7 billion in deposits.[1]

History

The bank was founded in 1820.[2]

In August 2014, the company acquired Rockport National Bank, which had 4 branches, for $28.3 million in cash.[3][4]

References

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