Watertown Savings Bank (MA)

Overview / Commentary
60 Main Street
Watertown, MA 02472

Watertown Savings Bank (MA) is headquartered in Watertown and is the 33rd largest bank in the state of Massachusetts. It is also the 694th largest bank in the nation. It was established in 1870 and as of March of 2022, it had grown to 110 employees at 10 locations. Watertown Savings Bank (MA) has an A health rating.

Reviews (1)

Watertown Savings Bank Experience

I've been a customer of Watertown Savings Bank for approximately one year. I left a large bank because I disliked the lack of customer service. The customer service at Watertown savings is top notch with employees willing to help you immediately as you enter the bank. If the person who greets you can't help you, he or she will find someone who can. I do most of my banking online and I see pros and cons with the service offered for my checking account. The site is easy to navigate, but I dislike not being able to guarantee when my bill payment will arrive at its destination. The bank says I must send payment 3 to 5 days ahead of time. I also dislike not having a rewards program on using my checking account/debit card to buy things. Other than those drawbacks, I like dealing with a small local bank mostly because the customer service is superior. The fees are also competitive. I would like to see a better rate of interest on my savings account, but the bank offers a competitive rate.


Health Grade Components

FDIC Certificate #23298
Year Established1870
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD2.89%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$1.50B$1.43B
LoansQ1 2022vs Q1 2021$547.4MM$594.8MM
DepositsQ1 2022vs Q1 2021$1.36B$1.28B
Equity CapitalQ1 2022vs Q1 2021$120.7MM$129.4MM
Loan Loss AllowanceQ1 2022vs Q1 2021$4.2MM$4.2MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$646.00K$1.3MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0

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


Cities: Arlington, Belmont, Lexington, Waltham, Watertown

Arlington Branches
Arlington Branch980 Massachusetts AvenueArlington, MA 02476

Belmont Branches
Waverly Square Branch30 Church StreetBelmont, MA 02478

Lexington Branches
Lexington Branch1075 Waltham StreetLexington, MA 02421

Waltham Branches
Waltham Branch6 Lexington StreetWaltham, MA 02451
Market Street Branch25 Market Place DriveWaltham, MA 02451

Watertown Branches
East Watertown Branch10 Bigelow AvenueWatertown, MA 02472
Nonantum Branch175 Watertown StreetWatertown, MA 02472
Watertown Square Drive Up Branch45 Church StreetWatertown, MA 02472
Watertown Savings Bank60 Main StWatertown, MA 02472
Warrendale Branch739 Main StreetWatertown, MA 02472

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