Newburyport Five Cents Savings Bank


Newburyport Five Cents Savings Bank, doing business as Newburyport Bank, is a bank headquartered in Newburyport, Massachusetts. The bank has 11 branches, including 6 in Essex County, Massachusetts, 2 in Portsmouth, New Hampshire, as well as branches in the cities of Dover, Exeter, and Hampton, New Hampshire.
The bank got its name from its minimum opening deposit of five cents at the time the bank was founded in 1854.

History

The bank was founded on April 1, 1854.
In March 2011, bank president Richard Eaton retired and Janice Morse was named president and chief executive officer of the bank.
In May 2011, the bank petitioned regulators to allow to reorganize into a mutual savings bank.
In May 2012, the bank established a $400,000 scholarship fund to support local athletes.
In 2013, the bank opened 2 locations in Portsmouth, New Hampshire.
In March 2018, Janice Morse retired and Lloyd Hamm Jr. was selected as president
In March 2019 the bank changed its name to Newburyport Bank, it also redesigned its logo an branding.