 | |
| Company type | Mutual organization |
|---|---|
| Industry | Banking |
| Founded | January 31, 1820 |
| Headquarters | Newburyport, Massachusetts |
Key people | Michael J. Jones, CEO |
| Website |
www |
Institution for Savings in Newburyport and Its Vicinity is a bank based in Newburyport, Massachusetts. It has 15 branches, all of which are in Essex County, Massachusetts. It is a mutual organization.
History
The bank was founded in 1820. [1]
In August 2014, the company acquired Rockport National Bank, which had 4 branches, for $28.3 million in cash. [2] [3]
As of December 31, 2019, it had $3.7 billion in deposits. [4]
References
- ^ Wallack, Todd (November 6, 2011). "Family banking at Institution for Savings". The Boston Globe. Archived from the original on November 14, 2017. Retrieved November 13, 2017.
- ^ MacNeill, Arianna (April 16, 2014). "Institution to buy Rockport National Bank". The Salem News. Archived from the original on October 12, 2019. Retrieved November 13, 2017.
- ^ MacNeill, Arianna (April 23, 2014). "Institution for Savings to acquire Rockport bank". The Salem News. Archived from the original on October 12, 2019. Retrieved November 13, 2017.
- ^ "Institution for Savings in Newburyport and Its Vicinity". Federal Deposit Insurance Corporation. Archived from the original on 2017-11-13. Retrieved 2017-11-13.
|
| |
| Company type | Mutual organization |
|---|---|
| Industry | Banking |
| Founded | January 31, 1820 |
| Headquarters | Newburyport, Massachusetts |
Key people | Michael J. Jones, CEO |
| Website |
www |
Institution for Savings in Newburyport and Its Vicinity is a bank based in Newburyport, Massachusetts. It has 15 branches, all of which are in Essex County, Massachusetts. It is a mutual organization.
History
The bank was founded in 1820. [1]
In August 2014, the company acquired Rockport National Bank, which had 4 branches, for $28.3 million in cash. [2] [3]
As of December 31, 2019, it had $3.7 billion in deposits. [4]
References
- ^ Wallack, Todd (November 6, 2011). "Family banking at Institution for Savings". The Boston Globe. Archived from the original on November 14, 2017. Retrieved November 13, 2017.
- ^ MacNeill, Arianna (April 16, 2014). "Institution to buy Rockport National Bank". The Salem News. Archived from the original on October 12, 2019. Retrieved November 13, 2017.
- ^ MacNeill, Arianna (April 23, 2014). "Institution for Savings to acquire Rockport bank". The Salem News. Archived from the original on October 12, 2019. Retrieved November 13, 2017.
- ^ "Institution for Savings in Newburyport and Its Vicinity". Federal Deposit Insurance Corporation. Archived from the original on 2017-11-13. Retrieved 2017-11-13.