At the Institution for Savings, we believe local businesses are the heart of strong communities. We’re proud to share stories of small business customers that are shaping life in the communities where we live, work and play.
A Space for Gathering, Gifting and Intentional Living
Located in downtown Newburyport, The Hive is a one-stop shop for beautiful specialty gifts, fresh florals, botanicals and more. After opening in 2025, The Hive has quickly become a place that brings people together with workshops and special events focused on building creativity and community.
Building a Small Business with Purpose
Running a small business in Newburyport requires passion, adaptability and a vision for the future. For The Hive's owner Cate Adamopoulos, she wanted a business banking partner who understands the realities and needs of small business ownership and whose mission is also to support local.
Here’s what Cate shared about working with Institution for Savings:
“I started banking with Institution for Savings because as a new local business I knew I wanted to work with a local bank and I had heard amazing things about their business banking. When I initially came in for a meeting to open a business checking account, I knew right away that I wanted to do my business banking there. Everyone is always so kind and patient when I come in with lots of questions. I’m very grateful to be working with IFS as I grow my business!” shared Cate Adamopoulos.
We’re proud to support local businesses like The Hive as they continue to grow and make our community vibrant.
Visit The Hive in Newburyport
- Location: 70 State St, Newburyport, MA
- Website: thehivenbpt.com
- Follow: @thehivenbpt
At the Institution for Savings, we support individuals, families and businesses with personalized banking solutions. From personal and business banking and saving and growing your money to business financing, our team is here to help you reach your goals.