Institution for Savings Receives ZBA Approval to Construct New Full-Service Office in Hamilton
The Town of Hamilton’s Zoning Board of Appeals (ZBA) last night unanimously approved the Institution for Savings’ plans for construction of a new full-service retail office at 545 Bay Road in Hamilton, announced President and CEO Michael J. Jones today.
Earlier this year the Bank signed a purchase and sale agreement for the property located at 545 Bay Road, the current location of Hamilton Gardens. Pending completion of all Town filings and approval from the FDIC and Massachusetts Division of Banks, the Bank will commence construction in the spring of 2016 on the facility to include retail and lending services as well as a drive-thru lane, 24-hour ATM, and onsite customer parking.
“We are pleased that the ZBA approved our plan to build a beautiful state-of-the-art banking office in Hamilton,” said Mr. Jones. “We worked very closely with Town officials and neighbors, and made substantial changes to our original plans to ensure that the design and scale of the building fit nicely into the neighborhood. All of our existing 13 bank offices are attractive and extremely well-landscaped, and this office will follow that same tradition. We are eager to provide Hamilton customers and others with a convenient location right at home.”
Once approvals are received and construction gets underway, the new facility is anticipated to open in late fall of 2016.
Main Street Rockport Foundation Donates $344,000
The Institution for Savings, through its Main Street Rockport Charitable Foundation, donated and pledged $344,085 in the first half of 2015 to not-for-profit organizations in the greater Beverly and Cape Ann communities.
Institution for Savings to Open a New Full-Service Office in Boxford
The Institution for Savings will bring community banking back to Boxford by opening a new full service office inside the Boxford Community Store in the heart of the Village, announced President and CEO Michael J. Jones today. Pending approvals by the Federal Deposit Insurance Corporation and the Massachusetts Division of Banks, the new facility tentatively is scheduled to open later this fall and will be the only bank located in Boxford.
Institution for Savings to Open a New Full-Service Office in Hamilton
Continuing its growth along the North Shore, the Institution for Savings announced plans to open a full-service retail office in Hamilton, pending approvals by the Town of Hamilton, the Federal Deposit Insurance Corporation and the Massachusetts Division of Banks, announced president and CEO Michael J. Jones today. The new facility is tentatively scheduled to open in the fall of 2016.
Institution for Savings Pledges $1.5 Million to the Ipswich Family YMCA for Outdoor Aquatic Center
The Institution for Savings, through its 2 Depot Square Charitable Foundation, has pledged $1.5 million to Phase 2 of the Ipswich Family YMCA’s Capital Campaign, announced President and CEO Michael J. Jones. This gift, the largest grant in the Foundation’s 10 years of existence, will be used to construct an Outdoor Aquatic Center.
“The Family Y is an integral part of Ipswich, improving the lives of so many as it serves the health, fitness, education and caregiver needs of thousands of families and individuals each year,” said Mr. Jones in announcing the gift. “Much like the Y, the Institution for Savings is committed to having a positive impact on those in our communities. I believe this gift will accomplish just that, providing a modern facility that is welcoming, vibrant and accessible for those of all ages and socio-economic backgrounds.”
Institution for Savings Posts Fifth Consecutive Year of Record Earnings: Completes Successful Acquisition of Rockport National Bank, Named Top Employer by the Boston Globe, Reaches Historic Highs in Total Assets, Total Loans, Total Deposits and Net Operating Income
2014 was another momentous year for the Institution for Savings as the Bank reported its fifth consecutive year of record earnings, successfully completed the acquisition of Rockport National Bank and was named the Top Medium Sized Employer by The Boston Globe for the second straight year and third time in four years. These accomplishments were announced by President and CEO Michael J. Jones at the Bank’s 195th Annual Meeting held March 9th at the Black Swan County Club in Georgetown attended by more than 300 Bank corporators and employees.