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Overview
Savers Bank is a community bank serving individuals and businesses. The company offers deposit products, mortgages, commercial lending, cash-management services, and digital banking. It serves households, property buyers, local businesses, nonprofit organizations, and community partners. Its operating model centers on branch and online banking supported by relationship managers, lenders, operations, risk, and compliance. Teams work across retail banking, mortgage, commercial lending, operations, technology, risk, and customer service. The organization combines community banking expertise with practical delivery for regional customers.
About Savers Bank
Industries
Financial Services
Company Size
N/A
Company Stage
N/A
Total Funding
N/A
Headquarters
Sturbridge, Massachusetts
Founded
N/A
Simplify's Take
What believers are saying
- 2025 assets grew $21.7 million to $791 million, showing steady balance-sheet expansion.
- 2025 gross loan originations reached $91 million, led by $52 million commercial growth.
- Leadership promotions in April 2026 strengthened CIO and CFO roles during a growth push.
What critics are saying
- Q1 2026 nonperforming loans hit 2.52%, signaling weak credit quality.
- A May 2026 debit-card breach triggered Massachusetts Attorney General notice and class-action scrutiny.
- $798 million assets and 84 employees limit scale against bigger regional banks and fintechs.
What makes Savers Bank unique
- Southbridge-based mutual bank since 1910, with seven Massachusetts branches and local decision-making.
- 2026 website redesign and faster online account opening sharpen consumer and business acquisition.
- A new online small-business lending portal launches in 2026, extending community-banking relationships.
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Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Professional Development Budget
Flexible Work Hours
Savers Bank is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Savers Bank
Industries
Financial Services
Company Size
N/A
Company Stage
N/A
Total Funding
N/A
Headquarters
Sturbridge, Massachusetts
Founded
N/A
Savers Bank is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today