With nearly a century of business in south central Massachusetts, Savers Bank believes in outstanding customer service, commitments to the community, and the ultimate mix of consumer and commercial products and expertise for all your financial needs.
As your partner for financial success, together we work to make our community a better, growing, and more vibrant place to live and work. We strive to develop the most advantageous products and advanced services to meet your needs, offer the most competitive rates and terms to make your housing dreams come true, provide our business customers with the professional expertise and the personal relationships that combine to help businesses succeed. Savers Bank pledges to go that extra mile for its customers with value added extras like housewarming gifts to our mortgage customers, reward points that pay our checking customers back for every debit card purchase, special treats for our youngest visitors and pets, thank you coupons for a free cup of coffee to random drive-through customers, and more. Getting to know our customers personally while helping to guide them with the best financial choices possible is an important goal at Savers Bank. And our commitment to the community is integral to our mission to actively contribute to the overall well-being of our region.
We see ourselves as more than a local bank – we’re part of the fabric of the community and we’re committed to always being your very best neighbor. Depend on us for all your financial needs. Stop in at any of our six convenient Savers locations, and you'll see that Savers means service. We're working hard to make your money work hard for you.
Paul R. Jalbert President and Chief Executive OfficerSavers Bank was founded in 1910 by a group of forward-looking citizens in order to encourage thrift and regular savings, and to make possible individual home ownership.
By offering comprehensive financial services to residents of Southbridge and adjacent communities, the Bank continues to achieve steady and sound growth, both in assets and in services. In recent years, additional expansion has been accomplished through mergers with the Uxbridge Co-Operative Bank in 1978, Auburn in 1979, Grafton in 1980, the addition of our Charlton and Sturbridge branches in 1987 and 1996, and in 2002 our newly renovated location at 270 Main St., Southbridge, combining our former Elm St. branch and our Operations Center. These institutions now serve as vital and integral branches in our growing organization.
Today, Savers Bank has complete modern facilities, the ultimate in computerized equipment, and a wide range of financial services. With other big banks becoming ever bigger and bigger, it's sometimes difficult to establish a personal relationship with a financial institution. However, as we have for so many years, your Personal SAVERS Advisors continue to help consumers understand and choose the best and most appropriate financial services.
Our Mission statement is to be the financial service provider of choice in the central Massachusetts markets we serve.
We are fully committed to:
and
December 31, 2008
ASSETS
Loans on Real Estate |
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Home Mortgage Loans |
$178,986,844.47 |
|
Commercial Loans |
$39,589,800.41 |
|
Home Equity Loans |
$36,542,275.40 |
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$255,118,920.28 |
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Personal Loans |
$29,932,060.12 |
|
Collateral Loans |
$310,276.91 |
|
Premises and Fixed Assets |
$12,450,487.79 |
|
Other Assets |
$10,775,907.23 |
|
Cash and Balances Due |
$9,167,068.08 |
|
Investment and Securities** |
$48,059,392.40 |
|
---------------- |
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$365,814,112.81 |
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**Includes stocks totaling $80,037 |
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at a market value of $197,320 |
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LIABILITIES
Shareholders Savings / Deposit Accounts |
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Savings |
$41,096,855.19 |
|
Term Deposit Certificates |
$150,350,028.09 |
|
NOW, Checking & DDA |
$44,494,798.20 |
|
Clubs |
$200,178.63 |
|
Money Market |
$28,795,950.08 |
|
---------------- |
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$264,937,810.19 |
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Mortgagor's Accumulation for Taxes |
$974,772.62 |
|
Other Liabilities |
$62,039,955.27 |
|
Capital & Surplus Accounts |
$37,861,574.73 |
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---------------- |
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$365,814,112.81 |
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All deposits insured by FDIC. |
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*Unaudited Financials |
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Savers Bank
270 Main St.
P. O. Box 250
Southbridge. MA 01550
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