The Savings Bank (MA)

Overview / Commentary
357 Main Street
Wakefield, MA 01880

The Savings Bank (MA) is headquartered in Wakefield and is the 59th largest bank in the state of Massachusetts. It is also the 1,282nd largest bank in the nation. It was established in 1869 and as of June of 2022, it had grown to 105 employees at 9 locations. The Savings Bank (MA) has an A health rating.


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Health Grade Components

FDIC Certificate #90291
Year Established1869
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD4.05%
Annual Interest Income$10.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$728.5MM$691.6MM
LoansQ2 2022vs Q2 2021$493.6MM$468.8MM
DepositsQ2 2022vs Q2 2021$649.9MM$605.5MM
Equity CapitalQ2 2022vs Q2 2021$74.0MM$82.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.8MM$4.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.3MM$1.3MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for The Savings Bank (MA) are currently being reviewed.


The Savings Bank (MA) Locations
South Lynnfield Branch1105 Summer StreetLynnfield, MA 01940
Methuen Branch17 Burnham RoadMethuen, MA 01844
The Savings Bank357 Main StWakefield, MA 01880
Colonial Shopping Center Branch584 Main StreetLynnfield, MA 01940
Lakeside Branch599 North AvenueWakefield, MA 01880
North Reading Branch6 Washington StreetNorth Reading, MA 01864
Andover Branch84 Main StreetAndover, MA 01810
Main Street Branch907 Main StreetWakefield, MA 01880

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