Institution for Savings
- Bank Name:Institution for Savings
- Bank Class:Stock and Mutual Savings Bank
- Member FDIC:Certificate #90250
- Routing Number:ACH & Wire - 211370943
- Locations:15 Branches in Massachusetts
- Web Address:institutionforsavings.com
Institution for Savings Information
Institution for Savings was founded in January 1820 and is based in Newburyport, Massachusetts. The bank operates as a subsidiary of IFS 1820 BANCORP, MHC. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Institution for Savings is classified as a FDIC insured stock and mutual savings bank. Institution for Savings is a FDIC-insured bank with certificate number of 90250. The assigned Fed RSSD ID of Institution for Savings is 272302.
Institution for Savings currently operates with 15 branches located in Massachusetts. Institution for Savings is the 23rd largest bank in Massachusetts. The bank does not have any offices outside Massachusetts.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Institution for Savings is 211370943. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 93 State Street, Newburyport, MA 01950. You can visit the official website of the bank at https://www.institutionforsavings.com for more information and online banking service if available. For a comprehensive list of Institution for Savings branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
Bank Offices In Massachusetts
History Of Institution for Savings
The Institution for Savings, established in 1820 as the Institution for Savings in Newburyport and Its Vicinity, has a long history of serving its community. Initially not insured by the Federal Deposit Insurance Corporation (FDIC), it became FDIC insured on August 13, 1985. Over the years, the institution underwent various changes, including the acquisition of Ipswich Co-operative Bank in Ipswich, Massachusetts, on July 1, 2007, and The Rockport National Bank in Rockport, Massachusetts, on August 29, 2014. In the same year, it also changed its trust powers to full and subsequently to none on December 31, 2014. On January 1, 2023, the organization changed its type to a stock savings bank.
Below is a list of some important events in bank's history, including mergers and acquisitions.
01-01-2023Changed Organization Type to Stock Savings Bank.
12-31-2014Changed Trust Powers to None.
08-29-2014Acquired The Rockport National Bank in Rockport, MA.
08-29-2014Changed Trust Powers to Full.
07-01-2007Acquired Ipswich Co-operative Bank in Ipswich, MA.
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