title: Institution for Savings
text: # Institution for Savings
  
  Institution for Savings in Newburyport and Its Vicinity is a bank based in Newburyport, Massachusetts. It has 15 branches, all of which are in Essex County, Massachusetts. It is a mutual organization.
  
  ## History
  
  The bank was founded in 1820.
  
  In August 2014, the company acquired Rockport National Bank, which had 4 branches, for $28.3 million in cash.
  
  As of December 31, 2019, it had $3.7 billion in deposits.
  
  