The Savings Bank
- Bank Name:The Savings Bank
- Bank Class:Stock and Mutual Savings Bank
- Member FDIC:Certificate #90291
- Routing Number:ACH & Wire - 211371366
- Locations:8 Branches in Massachusetts
- Web Address:tsbdirect.bank
The Savings Bank Information
The Savings Bank was founded in May 1869 and is based in Wakefield, Massachusetts. The bank operates as a subsidiary of Wakefield Bancorp Mhc. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, The Savings Bank is classified as a FDIC insured stock and mutual savings bank. The Savings Bank is a FDIC-insured bank with certificate number of 90291. The assigned Fed RSSD ID of The Savings Bank is 711801.
The Savings Bank currently operates with 8 branches located in Massachusetts. The Savings Bank is the 58th 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 The Savings Bank is 211371366. 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 357 Main Street, Wakefield, MA 01880. You can visit the official website of the bank at https://www.tsbdirect.bank for more information and online banking service if available. For a comprehensive list of The Savings Bank 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 The Savings Bank
The Savings Bank, originally established as Wakefield Savings Bank on May 26, 1869, began its operations as a mutual savings institution without Federal Deposit Insurance Corporation (FDIC) insurance. The institution was renamed Wakefield Savings Bank on February 25, 1974, reflecting its local identity. On August 5, 1985, it became FDIC insured, which enhanced its credibility and safety for depositors. The bank underwent significant changes in its operational structure, acquiring full trust powers on November 3, 1997. Subsequently, on August 14, 1989, it adopted the name The Savings Bank. The most notable transformation occurred on April 30, 2013, when it changed its organization type to a stock savings bank, signifying a shift in its operational model.
Below is a list of some important events in bank's history, including mergers and acquisitions.
04-30-2013Changed Organization Type to Stock Savings Bank.
11-03-1997Changed Trust Powers to Full.
08-14-1989Changed Institution Name to The Savings Bank.
08-05-1985Became FDIC insured.
02-25-1974Changed Institution Name to Wakefield Savings Bank.
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