Overview / Commentary
Cambridge Savings Bank is headquartered in CAMBRIDGE and is the 6th largest bank in the state of Massachusetts. It is also the 219th largest bank in the nation. It was established in 1834 and as of September of 2024, it had grown to 482 employees at 20 locations. Cambridge Savings Bank has a B+ health rating.
Related Posts
12/31/10 - Cambridge Savings Bank (SuperSmart Checking, Mass) Rate Dropped From 4% To 3.25%...
11/4/10 - Cambridge Savings Bank Enhances Its High-Yield Reward Checking Account - MA Only
12/29/09 - I Opened The 4% High Yield Checking Account About Two Months Ago And Am Very Impressed With The Bank
10/15/09 - 4.00% Reward Checking Account at Cambridge Savings Bank - Massachusetts Only
6/7/06 - 5.15% Savings Account at a Massachusetts Bank
11/4/10 - Cambridge Savings Bank Enhances Its High-Yield Reward Checking Account - MA Only
12/29/09 - I Opened The 4% High Yield Checking Account About Two Months Ago And Am Very Impressed With The Bank
10/15/09 - 4.00% Reward Checking Account at Cambridge Savings Bank - Massachusetts Only
6/7/06 - 5.15% Savings Account at a Massachusetts Bank
Reviews (1)
Ivy Bank Is Terrible.
Posted by: RedMonkey | Feb 9, 2024
(Ivy Bank is part of Cambridge Savings Bank.) I talked to an Ivy Bank representative over the phone. That representative hung up on me once the call was approaching 6 minutes. I tried calling back and got a message stating that the number you reached is not in service. Ivy Bank blocked my phone number since calling from a different phone number worked. Ivy Bank also ghosted the email I sent afterwards.
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17870 |
| Year Established | 1834 |
| Employees | 482 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.33% |
| Return on Equity - YTD | 3.72% |
| Annual Interest Income | $262.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $6.97B$6.94B |
| Loans | Q3 2024vs Q3 2023 | $5.75B$5.66B |
| Deposits | Q3 2024vs Q3 2023 | $5.56B$5.24B |
| Equity Capital | Q3 2024vs Q3 2023 | $628.3MM$567.7MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $60.1MM$49.9MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $46.8MM$7.7MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
