Message from the President

As we enter into our 174th year in business, we proudly reflect on our legacy of serving our friends and neighbors in times of prosperity as well as economic uncertainty. Essex Savings Bank has been a safe financial haven for local families and businesses for many generations. Our team of seasoned professionals always utilizes a consultative approach to provide customers with the products and services that best suit their individual needs.Our broad array of banking services includes personal and business deposit accounts, digital banking options, residential mortgages, commercial lending and cash management products. In addition to traditional banking services, the Bank’s trust department and wealth management firm support all aspects of one’s financial well-being.

Our soundness and reputation are underscored by our strong capital ratio, far exceeding the regulatory requirements, and our income is generated through our three business units – Essex Savings Bank, Essex Trust and Essex Financial Services, providing us with a diverse revenue stream. Our trust department had assets under management of $995 million at fiscal year-end 9/30/2024, while our wealth management firm had assets under management or administration of $3.86 billion.

We are pleased to share that during the past year, up to 10% of the Bank’s net after-tax profit totaling $400,000, was distributed to local non-profits through our Community Investment Program. During the 29 year history of this program, Essex Savings Bank has donated over $5.8 million to hundreds of non-profits who enrich the lives of those who live and work in our communities. A special thanks to many of our employees who generously donate their time to support these worthwhile organizations as both volunteers and board members.

We thank our customers, directors, trustees, officers and staff who support our mission as an independent mutual savings bank, dedicated to those we serve.