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About Institution for Savings
Today, the Institution for Savings is widely recognized as one of the oldest and most stable mutual banks in the country, with assets totaling approximately $1.3 billion as of September 20, 2012. It is also the largest mutual savings bank in the Greater Newburyport region and the third largest on the North Shore. In recent years, the Institution for Savings has made significant strides to expand its market. In 2006, it opened its first ever full-service banking office outside of Newburyport, in the heart of Salisbury Square. In 2007, it opened its Rowley office, which also houses the bank's Commercial Lending Center, and in 2011 the bank opened its second Ipswich location at 112 County Road within the Powder House Village complex. A new full-service office is planned for Topsfield, tentatively scheduled to open in early 2013. The bank's strong and well-deserved reputation as a community-minded bank is due in large part to its Employees, Officers and Trustees who are active in their res