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Savers 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. Stop in at any SAVERS office, 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 OfficerOur 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, 2007
ASSETS
Loans on Real Estate |
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Home Mortgage Loans |
$147,360,353.28 |
|
Commercial Loans |
$34,139,176.44 |
|
Home Equity Loans |
$37,272,621.88 |
|
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$218,772,151.60 |
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Personal Loans |
$29,990,885.02 |
|
Collateral Loans |
$316,772.74 |
|
Premises and Fixed Assets |
$12,790,644.70 |
|
Other Assets |
$10,116,885.88 |
|
Cash and Balances Due |
$6,107,613.04 |
|
Investment and Securities** |
$54,923,069.43 |
|
---------------- |
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$333,068,022.41 |
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**Includes stocks totaling $80,037 |
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at a market value of $581,120 |
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LIABILITIES
Shareholders Savings / Deposit Accounts |
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Savings |
$41,167,828.05 |
|
Term Deposit Certificates |
$137,155,223.57 |
|
NOW, Checking & DDA |
$45,961,941.40 |
|
Clubs |
$131,338.69 |
|
Money Market |
$27,522,055.61 |
|
---------------- |
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$251,938,387.32 |
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Mortgagor's Accumulation for Taxes |
$847,100.13 |
|
Other Liabilities |
$43,535,679.29 |
|
Capital & Surplus Accounts |
$36,746,855.67 |
|
---------------- |
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$333,068,022.41 |
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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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© Savers Bank 2007