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Dedham Institution for Savings information


Dedham Savings
Company typeMutual
IndustryFinancial services
FoundedMarch 19, 1831; 193 years ago (1831-03-19)
Headquarters55 Elm Street,
Dedham, Massachusetts 02026
,
United States
Number of locations
9 full service branches
Key people
Peter G. Brown (President and CEO)
ServicesPersonal banking, business banking, mortgage lending, commercial lending, digital banking, cash management, investment services
Net income
IncreaseUS$14.212 million (2023)
Total assetsIncreaseUS$2.331 billion (2023)
Total equityIncreaseUS$244.618 million (2023)
Websitewww.dedhamsavings.com
Footnotes / references
[1]

Dedham Savings is one of the oldest American banks still in operation and one of the oldest banks in the state of Massachusetts still doing business under its original charter.

It is owned by the holding company 1831 Bancorp, which also owns South Shore Bank in Boston.[2]

Deposits at Dedham Savings are insured up to current limits of the Federal Deposit Insurance Corporation, which defines the institution as a community bank.[3] The Depositors Insurance Fund insures all additional balances, up to any amount.

  1. ^ "Dedham Institution for Savings 2023 Annual Report" (PDF). 2024.
  2. ^ https://www.patriotledger.com/story/business/2023/03/16/local-banks-ma-to-operate-independently-after-parents-companies-merge/70010229007/
  3. ^ Cite error: The named reference my was invoked but never defined (see the help page).

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