Middlesex Savings Bank

Last updated
Middlesex Savings Bank
Company typePrivate
Industry banking
Founded1835
Headquarters Natick, Massachusetts , United States
Number of locations
Acton, West Acton, Ashland, Bedford, Bellingham, Boxborough, Concord, West Concord, Framingham, Franklin, Groton, Holliston, Hopkinton, Hudson, Littleton, Maynard, Medfield, Medway, Millis, Natick, Needham, Sherborn, Southborough, Sudbury, Walpole, Wayland, Wellesley,Westborough, Westford, Massachusetts
Key people
Michael McAuliffe, President and CEO
Services banking
Website www.middlesexbank.com

Middlesex Savings Bank is a Massachusetts bank headquartered in Natick, Massachusetts, and founded in 1835. It is the largest mutual bank in Massachusetts with more than $5.7 billion in assets and 32 branches in the western Boston suburbs. [1]

Contents

History

The Middlesex Institution for Savings was founded on March 4, 1835 in Concord, Massachusetts. Natick Five Cents Savings Bank was founded in 1859. Medway Savings Bank was founded in 1871. [2]

Related Research Articles

<span class="mw-page-title-main">Middlesex County, Massachusetts</span> County in Massachusetts, United States

Middlesex County is located in the Commonwealth of Massachusetts, in the United States. As of the 2020 census, the population was 1,632,002, making it the most populous county in both Massachusetts and New England and the 22nd most populous county in the United States. Middlesex County is one of two U.S. counties to be amongst the top 25 counties with the highest household income and the 25 most populated counties. It is included in the Census Bureau's Boston–Cambridge–Newton, MA–NH Metropolitan Statistical Area. As part of the 2020 United States census, the Commonwealth's mean center of population for that year was geo-centered in Middlesex County, in the town of Natick.

<span class="mw-page-title-main">Cochituate, Massachusetts</span> Census-designated place in Massachusetts, United States

Cochituate is a census-designated place (CDP) in the town of Wayland in Middlesex County, Massachusetts, United States. The population was 6,927 at the 2020 census, out of 13,943 in the entire town of Wayland.

<span class="mw-page-title-main">Lowell, Massachusetts</span> City in Massachusetts, United States

Lowell is a city in Massachusetts, in the United States. Alongside Cambridge, it is one of two traditional seats of Middlesex County. With an estimated population of 115,554 in 2020, it was the fifth most populous city in Massachusetts as of the last census, and the third most populous in the Boston metropolitan statistical area. The city is also part of a smaller Massachusetts statistical area, called Greater Lowell, and of New England's Merrimack Valley region.

<span class="mw-page-title-main">Natick, Massachusetts</span> Town in Massachusetts, United States

Natick is a town in Middlesex County, Massachusetts, United States. It is near the center of the MetroWest region of Massachusetts, with a population of 37,006 at the 2020 census. 10 miles (16 km) west of Boston, Natick is part of the Greater Boston area. Massachusetts's center of population was in Natick at the censuses of 2000–2020, most recently in the vicinity of Hunters Lane.

<span class="mw-page-title-main">Wayland, Massachusetts</span> Town in Massachusetts, United States

Wayland is a town in Middlesex County, Massachusetts, United States. The town was founded in 1638, and incorporated in 1780 and was originally part of neighboring Sudbury. At the 2020 United States census, the population was 13,943.

<span class="mw-page-title-main">Framingham, Massachusetts</span> City in Massachusetts, US

Framingham is a city in the Commonwealth of Massachusetts in the United States. Incorporated in 1700, it's located in Middlesex County and the MetroWest subregion of the Greater Boston metropolitan area. The city proper covers 25 square miles (65 km2) with a population of 72,362 in 2020, making it the 14th most populous municipality in Massachusetts. Residents voted in favor of adopting a charter to transition from a representative town meeting system to a mayor–council government in April 2017, and the municipality transitioned to city status on January 1, 2018. Before it transitioned, it had been the largest town by population in Massachusetts.

<span class="mw-page-title-main">MetroWest</span> Region west of Boston and east of Worcester, in the U.S. state of Massachusetts

MetroWest is a cluster of cities and towns lying west of Boston and east of Worcester, in the U.S. state of Massachusetts. The name was coined in the 1980s by a local newspaper.

<span class="mw-page-title-main">Mutual savings bank</span> Type of financial institution

A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund. From this fund, claims, loans, etc., are paid. Profits after deductions are shared among the members. The institution is intended to provide a safe place for individual members to save and to invest those savings in mortgages, loans, stocks, bonds and other securities and to share in any profits or losses that result.

<span class="mw-page-title-main">Natick Center station</span> Train station in Natick, Massachusetts, US

Natick Center station is an MBTA Commuter Rail station in Natick, Massachusetts served by the Framingham/Worcester Line. The station, located below grade in a wide cut adjacent to North Main Street, has two side platforms serving the line's two tracks. The second-busiest non-accessible station on the system, it is undergoing a major accessibility renovation and modernization from 2020 to 2024.

<span class="mw-page-title-main">Lake Cochituate</span> Reservoir in Middlesex County, Massachusetts

Lake Cochituate is a body of water in Natick, Wayland, and Framingham, Massachusetts, United States. Originally a reservoir serving Boston, it no longer serves that function, and is now a local recreational resource and home to Cochituate State Park.

<span class="mw-page-title-main">West Natick station</span> Railroad station in Natick, Massachusetts, US

West Natick station is a commuter rail station on the MBTA Commuter Rail Framingham/Worcester Line, located off West Central Street (MA-135) in Natick, Massachusetts. It was opened in 1982 as a park and ride station.

<i>Natick</i> (YTB-760) Tugboat of the United States Navy

Natick (YTB-760) was the lead ship of United States Navy Natick-class large district harbor tugs. The second U.S. Navy ship to carry that name, she is named for Natick, Massachusetts.

<span class="mw-page-title-main">Natick Center Historic District</span> Historic district in Massachusetts, United States

The Natick Center Historic District is a historic district on North Ave., Main, Central, and Summer Streets in Natick, Massachusetts, encompassing the 19th century civic and economic heart of the town. Natick's early colonial center, dating to 1651, was in South Natick, and the area that is now its center was a parcel of land set aside for the minister. It achieved significant prominence with the construction of a meeting house in 1799, and the land was sold off for development in 1812. The Boston and Worcester Railroad was extended through the town center in 1835, spurring economic growth. After a fire in 1874 destroyed most of the central business district, the present collection of brick Gothic and Romanesque buildings was constructed.

<span class="mw-page-title-main">William Nutt</span> Colonel in the American Civil War

William Nutt was a colonel in the American Civil War, a representative to the Massachusetts General Court from 1871 to 1872 and again in 1901, he was also the chairman of the board of the Natick Five Cents Savings Bank.

Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, and then moved to Lynn, Massachusetts. The company began an aggressive expansion campaign near the end of the 1990s and moved its headquarters to Boston's Financial District. In 2020, Eastern Bank announced plans to de-mutualize and become a publicly traded corporation.

<span class="mw-page-title-main">David Linsky</span> American attorney and politician

David Paul Linsky is an American lawyer and politician who currently represents the 5th Middlesex District in the Massachusetts House of Representatives.

<span class="mw-page-title-main">Massachusetts Senate's 4th Middlesex district</span> American legislative district

Massachusetts Senate's 4th Middlesex district in the United States is one of 40 legislative districts of the Massachusetts Senate. It covers portions of Middlesex county. Democrat Cindy Friedman of Arlington has represented the district since 2017.

<span class="mw-page-title-main">Massachusetts House of Representatives' 5th Middlesex district</span> American legislative district

Massachusetts House of Representatives' 5th Middlesex district in the United States is one of 160 legislative districts included in the lower house of the Massachusetts General Court. It covers parts of Middlesex County and Norfolk County. Democrat David Linsky of Natick has represented the district since 1999. Candidates running for this district seat in the 2020 Massachusetts general election include Jaymin Patel.

<span class="mw-page-title-main">Massachusetts House of Representatives' 13th Middlesex district</span> American legislative district

Massachusetts House of Representatives' 13th Middlesex district in the United States is one of 160 legislative districts included in the lower house of the Massachusetts General Court. It covers part of Middlesex County. Democrat Carmine Gentile of Sudbury has represented the district since 2015.

Homer Rogers was an American businessman and politician who served on the Boston Board of Aldermen and was the Republican nominee in the 1892 Boston mayoral election.

References

  1. "Middlesex Savings Bank gets new president". The Boston Globe. Retrieved 8 October 2015.
  2. "Middlesex Savings Bank". Middlesex Savings Bank. Archived from the original on 2011-07-14. Retrieved 2011-03-14.