Newburyport Five Cents Savings Bank
| Privately held company | |
| Industry | Banking |
| Founded | April 1, 1854 |
| Headquarters | Newburyport, Massachusetts |
Key people |
Lloyd Hamm Jr, President & CEO Timothy Felter, CFO |
| Total assets | $839 million (2017) |
| Total equity | $122 million (2017) |
| Website |
www |
|
Footnotes / references [1] | |
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.
History
The bank was founded on April 1, 1854.[1]
In March 2011, bank president Richard Eaton retired and Janice Morse was named president and chief executive officer of the bank.[2]
In May 2011, the bank petitioned regulators to allow to reorganize into a mutual savings bank.[3]
In May 2012, the bank established a $400,000 scholarship fund to support local athletes.[4]
In 2013, the bank opened 2 locations in Portsmouth, New Hampshire.[5]
In March 2018, Janice Morse retired and Lloyd Hamm Jr. was selected as president [6]
References
- 1 2 "FDIC Bank Info: Newburyport Five Cents Savings Bank (FDIC # 90251)". Federal Deposit Insurance Corporation.
- ↑ Rogers, Dave (March 31, 2011). "5 Cents' first woman CEO takes over reins". Newburyport News.
- ↑ "The feeling's mutual for Newburyport Five". American City Business Journals. May 3, 2011.
- ↑ "Newburyport Five rolls out education fund". American City Business Journals. May 30, 2012.
- ↑ Claffey, Jason (November 22, 2013). "New Business Opens in Yoken's Commons". Patch Media.
- ↑ Rogers, Dave (March 30, 2018). "Newburyport Five Cents Names New President". Newburyport News.