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Seamen's Bank

Overview:

Seamen's Bank is highly regarded throughout the Commonwealth for its fiscal strength and stability, as well as for its ability to respond quickly to the needs of its customers.

Our business customers look to us for checking accounts that are free of transaction charges, credit on charge deposits within 24 hours, automated payroll services and a full range of loan and mortgage offerings.

Seamen's Bank was incorporated in 1851 as Seamen's Savings Bank, a mutual savings bank catering to the small saver and average worker. The first complete Treasurer's Report to the Trustees occurred on January 15, 1853 and listed 30 depositors with total deposits of $3,295.00. Today the Bank has in excess of 17,000 accounts with deposits of $275,000,000 serving the Lower Cape.

The history of Seamen's Bank has closely paralleled that of the Lower Cape from the Glory Days of the Whaling Industry and the Grand Banks Schooners to the Artist Colonys and the growth of the Summer Resort and Tourist Industries.

Seamen's has continued our commitment to Community, and now have five branches from Eastham to Provincetown so that we may serve and respond to the needs of the residents of those towns. And in addition to providing low-cost banking with friendly service, we have also responded to the community by becoming an active participant in fund-raising events and charitable causes.

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