About

The Savings Bank provides personal banking and business banking services at our branch locations in Wakefield, Lynnfield, Andover, Methuen, and North Reading and through online and mobile banking.

In addition to personal and business bank products and services, The Savings Bank offers wealth management and estate planning through First Financial Trust, N.A.

Local. Innovative. Trusted.

Our Mission

Our mission as a trusted leader is the personalized delivery of innovative financial services by our committed employees, coupled with an unwavering loyalty toward community relationships.

We have remained independent since we opened in 1869, serving our customers and not shareholders, and making decisions locally. Our founders’ vision and legacy still live on in all we do at The Savings Bank. How we do it may have changed, but the core of who we are as a community bank will always remain the same.

Our History

We trace our heritage back to the Bank’s first president, Cyrus Wakefield, who along with other business leaders, petitioned for a charter to open a savings bank to provide the community with a safe place to deposit their money, get a loan to buy or build a house, or secure money for a small business.

Starting with one physical location in 1869, the Bank was chartered as the Wakefield Savings Bank. We now have eight branch locations, plus the 1st Educational Savings Branch at Wakefield High School, the first student-run branch in the nation. In 1989, our name changed to The Savings Bank to reflect our broader geographic footprint.

Annual Report

From our customers
“I feel you excel in all areas but I am very appreciative of the kindness with which I have been treated all these years, by everyone at the TSB, whether in person or on the phone.”

From our customers
“I have been banking with TSB for many years and I am very satisfied with them. Why wouldn’t you want to come and bank there?”

From our customers
“I like the real hometown feel you get with The Savings Bank. Staff at ALL branches are wonderful, making the personal interaction very pleasant. I have been banking with you since 1978 and have never had even one issue.”

From our customers
“Love everything!”

From our customers
“Love the employees at the North Reading Office. They are so friendly and helpful. The teller and the customer service representative are the BEST!!”

From our customers
“Just great!”

From our customers
“Love the personal connections with the bank personnel.”

From our customers
“I’ve used TSB for approximately 40 years. They have always been helpful and kind. Never had an issue. Love banking with TSB and all of the wonderful employees.”

From our customers
Friendly, helpful, and pleasant tellers in the Greenwood, Wakefield branch!

From our customers
“The staff in the Methuen office could not be kinder.”

From our customers
“Your staff is the best.”

From our customers
“I have been banking here for a number of years. I love this bank! Customer service is awesome. Anytime I had a problem it was resolved professionally.”

From our customers
“I stay with TSB because I know if I have an issue, I can reach out to an actual person and get help. It is what separates TSB from the big banks.”

From our customers
“The people I encounter at Lakeside and Main Street are always helpful and friendly. I enjoy that they actually care about me even though I am not one of your bigger clients.”

Talk to The Savings Bank

To find out how The Savings Bank can help you achieve all your financial goals, visit one of our offices, use our contact form, or call us at 800-246-2009.

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