Newburyport Five Cents Savings Bank is bank headquartered in Newburyport, Massachusetts. The bank has 8 branches, including 6 in Essex County, Massachusetts and 2 in Portsmouth, New Hampshire.
The bank got its name from its minimum opening deposit of five cents at the time the bank was founded in 1854.
Video Newburyport Five Cents Savings Bank
History
The bank was founded on April 1, 1854.
In March 2011, bank president Richard Eaton retired and Janice Morse was named president and chief executive officer of the bank.
In May 2011, the bank petitioned regulators to allow to reorganize into a mutual savings bank.
In May 2012, the bank established a $400,000 scholarship fund to support local athletes.
In 2013, the bank opened 2 locations in Portsmouth, New Hampshire.
Maps Newburyport Five Cents Savings Bank
References
Source of the article : Wikipedia
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