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Institution for Savings

We are a regional community bank serving the business and individual banking needs of customers on the Cape Ann and on the North Shore of Massachusetts including Newburyport, Amesbury, Salisbury, West Newbury, Newbury, Rowley, Byfield, Ipswich, Rowley, Topsfield, Boxford, Manchester, Essex, Beverly, Gloucester and Rockport.... Read more


To provide state of the art banking and financial services ton our customers and communities... Read more


Our vision is to positively affect the lives of every person, business and organization in the communities we serve.... Read more


Through financial strength, loyalty to customers and integrity, the Institution for Savings is dedicated to remaining a vital mutual bank that earns the respect of the people and communities it serves by providing
▪ exceptional products and customer service,
▪ an efficient and profitable operation,
▪ a technologically current environment,
▪ a friendly, professional staff, and
▪ a strong commitment to community.
... Read more

Additional Culture Details

As a community bank, we believe in:
mutual ownership; providing exceptional customer service by exceeding expectations; offering customers a wide range of superior products and services; making a positive difference in our communities and growing and expanding the communities served by our Charitable Foundations; attracting and retaining talented, intelligent and dedicated employees; employee commitment and participation both within the organization and in the community; professional development and advancement from within; through this commitment to customers, involvement in the community, the manner in which we value our employees and our ability to fund the Charitable Foundations, the Institution for Savings can make a difference in the quality of life in the communities it serves.
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The desire to strive to create an environment, which is enjoyable and exciting -- laughing is important.

Recent Awards

  • 2023

  • 2022

  • 2021

  • 2020

Company Snapshots

IFS Employees
IFS Employees Walking the Pat-Walk for a Cure
#Giving for Good Gift Bags
Donation of Backpacks for Students at Ipswich YMCA