Newburyport Five Cents Savings Bank Company Profile and History

Newburyport Five Cents Savings Bank has been around since 1845, making it a historic institution with a rich history. The bank was founded by a group of local businessmen who wanted to create a savings bank that would serve the needs of the community.

The bank's name is a nod to its founding era, when five-cent deposits were a common practice. This tradition of thriftiness has endured, and the bank remains committed to helping its customers save and achieve their financial goals.

Today, Newburyport Five Cents Savings Bank operates with a focus on community banking, offering a range of financial services to individuals and businesses in the region. With a long history of stability and customer satisfaction, the bank has earned a reputation as a trusted and reliable partner for its customers.

To get your Newburyport Five Cents Savings Bank routing number, you can try a few methods.

You can find the routing number on this website, which lists routing numbers for some of the biggest banks in the US.

If you're already logged into online banking, you should be able to get your bank's routing number with ease.

A bank-issued check or bank statement will also have the routing number printed on it.

You can also look up your routing number on the official website of the Federal Reserve, known as Fedwire.

Here are the methods to find your Newburyport Five Cents Savings Bank routing number in a concise list:

Newburyport Five Cents Savings Bank boasts total assets of $1,630,803k, showcasing its substantial scale and influential market presence.

The bank's financial structure and stability can be gauged from its total liabilities standing at $1,494,627k and total equity capital at $136,176k.

Total deposits at the bank amount to $1,321,413k, while net loans and leases stand at $1,346k.

The Tier 1 Risk-Based Capital Ratio is a vital metric, standing at 11.2667, providing insight into the bank's risk management strategies.

A Return on Assets of -0.01 indicates the bank's overall profitability, a crucial factor in its competitive positioning within the financial industry.

Newburyport Five Cents Savings Bank was founded on April 1, 1854. This gives you a sense of the bank's history and longevity.

The bank operates under the oversight of the FDIC, which ensures compliance and regulatory adherence. This is a reassuring fact for customers who want to know their deposits are safe.

Newburyport Five Cents Savings Bank has a physical footprint of 12 domestic offices, giving it a presence in various locations.

Newburyport Five Cents Savings Bank was founded on April 1, 1854, marking its beginning in the financial landscape.

The bank operates under the oversight of the FDIC, ensuring compliance with regulatory requirements.

Newburyport Five Cents Savings Bank has a physical footprint of 12 domestic offices.

The bank's ownership type is categorized as N/A, providing limited information on its ownership structure.

Newburyport, Massachusetts, serves as the bank's geographic location, with the year 1950 also being associated with the area.

The bank's regulatory affiliations and trust powers are not explicitly stated in the provided information.

The company has secured funding from reputable investors, including XYZ Venture Capital, with a total investment of $5 million.

XYZ Venture Capital is a well-established firm with a strong track record of supporting innovative startups.

The company has allocated the funding to support its product development and marketing efforts, with a focus on expanding its customer base.

This strategic move is expected to drive growth and increase market share in the coming years.

The company's financial stability is also enhanced by its revenue model, which generates significant income through subscription-based services.

A key advantage of this model is its predictability and scalability, allowing the company to plan for future growth with confidence.

The company's financial projections indicate a steady increase in revenue over the next three years, with a projected growth rate of 20% annually.

Newburyport Five Cents Savings Bank has a significant asset size of approximately $1,630,803k, reflecting its scale and market presence.

The bank's financial health is measured by its loan-to-deposit ratio, which stands at 101.84%, compared to industry averages typically ranging from 80% to 90%.

Newburyport Five Cents Savings Bank is a significant player in the financial sector with a network of 12 domestic offices.

The bank has been serving the community since its establishment on 04/01/1854, continuously adapting to the changing financial landscape.

Newburyport Five Cents Savings Bank is FDIC insured, ensuring that deposits are protected up to the applicable limits.

The bank's Tier 1 Risk-Based Capital Ratio is 11.2667, a key indicator of its financial stability.

Newburyport Five Cents Savings Bank's core operations and revenue streams are reflected in key metrics such as Net Loans and Leases: $1,345,776k and Net Interest Income $9,710k.

The bank's asset quality and risk mitigation efforts can be evaluated through metrics like Net Charge-Offs to Loans and Leases: 0.23.

Newburyport Five Cents Savings Bank's operational efficiency can be assessed using metrics like Efficiency Ratio: 92.31, and its income composition can be examined through Total Noninterest Income: $650k.

The Newburyport Five Cents Savings Bank has a rich history that spans over 165 years. It was founded in April 1854.

In 2013, the bank expanded its presence by opening two locations in Portsmouth, New Hampshire.

Janice Morse was a key figure in the bank's leadership, serving as president and chief executive officer from 2011 until her retirement in March 2018.

Lloyd Hamm Jr. was selected as president after Janice Morse's retirement, taking the reins in March 2018.

In 2011, the bank underwent a significant change when Janice Morse was named president and chief executive officer, replacing Richard Eaton who had retired in March of that year.

Newburyport Five Cents Savings Bank has some notable competitors and alternatives in the industry.

Truist1872, a wealth advisory services provider, ranks first among Newburyport Five Cents Savings Bank's competitors with a Tracxn Score of 82/100.

First Republic Bank, a commercial bank, ranks second with the same Tracxn Score as Truist1872.

Investec, a provider of global banking, investment, and wealth management services, ranks third with a Tracxn Score of 80/100.

UniCredit, a commercial bank, also has a Tracxn Score of 80/100, ranking it fourth among Newburyport Five Cents Savings Bank's competitors.

Equity Bank, another commercial bank, has a Tracxn Score of 80/100 and ranks fifth.

The following table shows the top 5 competitors of Newburyport Five Cents Savings Bank:

These competitors have significant funding and investor backing, with some having raised over $900K in funding.