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Marlborough Savings Bank

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Marlborough Savings Bank

Mission statement:

Rather than just stating our mission, we thought it was best if we made it a commitment. We are committed to creating an exceptional experience for every banking customer. We back this commitment with actions that we think will improve the overall banking experience and contribute to individual and business financial health. Rely on us and you’ll be glad you did. Just a few of the actions we hope you’ll take advantage of include:
Talking with an expert. We have experts in every aspect of banking-whether it’s refinancing a home, saving for retirement, or choosing the best checking account for your needs, we have experienced professionals who want to help you.
Banking the way you like to bank. Regardless of how you like to bank-whether in person, by phone, or via the web-we’re listening to your needs and responding with options such as 24-hour banking, convenient branches, and free ATM use as part of the SUM© Network.
Dedicating ourselves to above-expectations service and value. We work hard to comparison shop our rates and our products and services. And our team invests the time needed to deliver service excellence. We’re confident that the overall value is unbeatable.
Community education and devotion. We are pleased to support the community by offering free seminars and discussions on topics such as: first time homebuyer programs, learning to use on-line banking, planning for the future, and many others. Additionally, the team at Marlborough Savings Bank is actively supportive of charitable and community activities throughout the year.

History:

Marlborough Savings Bank was founded on April 3 and incorporated on April 10, 1860 on the eve of the Civil War. The bank was started by local shoe barons as a way for their factory workers to practice thrift. At the time we began, commercial banks were strictly for businesses and wealthy individuals, and “Savings Banks” allowed people of limited means to start saving, often with as little as 5 cents in an account. Our first office was on the corner of Mechanic and Gay Streets, in a building shared with the old First National Bank of Marlborough. As we grew, we moved into our own quarters in the brownstone that still stands at Mechanic and Winthrop Streets, and continued to expand to the offices that we have now.

Beginning in the late 1960′s the banking rules began to change and Savings Banks were allowed to become involved in more than savings accounts and home mortgages. Over time we added various savings options, personal loans, business loans and investment services. And through years of growth we’ve maintained the value of strong roots in Marlborough, combined with the ability to change and expand as the needs of our customers change.

We celebrated our 150th Birthday in 2010 with new Headquarters on Granger Blvd. and South Bolton Street in Marlborough and look forward to continuing our history of prudent, responsible community banking.

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