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What Are The Top Banks In Massachusetts

Massachusetts is among the most successful states of the country and serves as a center for many large organizations that are situated in its urban areas. Massachusetts is famous for the production of plastic goods, industrial tools and electric gadgets. However, without major banks, any city would lack development. The following article will provide important information on best banks in Massachusetts.

Eastern Bank

Eastern bank is considered to be the leading community bank in the state and it was established in 1818. Based in Boston it provides a host of financial products in the form of personal banking and business banking. Its product offering includes checking accounts, mortgages, personal loans, retirement plans and investment services in the form of portfolio management and wealth protection. Its services also include property insurance, auto insurance, life insurance and disability insurance. It offers solutions such as business lending, merchant services, institutional investment, risk management and construction insurance for organizations.

Rockland Trust

Centered in Rockland, Massachusetts and incorporated in 1907, Rockland Trust is a commercial bank and of the major Massachusetts banks. With regards to public stock trading, Rockland Trust is the largest commercial bank based in Masachusetts. Its product offerings include a wide variety of services such as personal banking, commercial banking and investing solutions. Its financial products comprise of mobile banking, personal loans, mortgages, insurance, small business loans, merchant services and cash management among numerous others.

Boston Private Bank and Trust Company

Previously named as Trust Management Bank, Boston Private Bank and Trust Company was established in 1983 in Boston, Massachusetts. It has offices in Lexington, Beverly and Hingham among other locations in the state. It offers personal and business banking to customers. It also offers deposits and cash management services, online banking, liquidity management, residential mortgages, investment management and commercial and industrial lending services. It has been serving many different businesses such as real estate, healthcare, educational institutions, small and medium companies and community foundations.

Century Bank and Trust Company

Century Bank and Trust Company was founded in 1969 and is headquartered in Medford, Massachusetts; it has financial centers in Allston, Beverly, Boston, Brookline, Cambridge and Salem along with numerous others in the state. It operates as a chartered commercial bank and is held by Century Corporation. Its services revolve around three main banking products namely; personal banking, business banking and institutional banking. Its services include checking accounts, auto loans, business loans, merchant bank card, savings accounts, and investment products such as stocks, bonds, mutual funds and retirement planning.

Salem Five Cents Savings Bank

A Salem-based bank, Salem Five Cents Savings Bank was established in 1855 and is owned by Salem Five Bancorp. It provides services such as consumer banking, business banking, insurance, mortgages and investment solutions to customers. This list is not exhaustive and many other major US banks that provide high quality financial services are also present in Massachusetts.

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