Founded in 1854. The bank got its name from its minimum opening deposit of five cents at the time the bank was founded. It’s first building was the O’Brien offices off of State Street. Later, they moved into their present facility. Designed by noted architect Rufus Sargent for the Directors of the Newburyport Five Cents Savings Bank as their new home. The bank offices were located on the second floor with commercial storefronts below. Rufus Sargent also designed the Institution for Savings on State Street, the Kelly School, St. Anna’s Chapel and other notable buildings in the Newburyport and on the North Shore. A very handsome Victorian building.
In 1927, the construction was made of a new bank building across the street at 63-65 Sate Street. Over the years, expansion was made with a Scandinavian design to the north of the original building. Further expansion was made with a more modern-style in 2018.
In March 2011, bank president Richard Eaton retired and Janice Morse was named president and chief executive officer of the bank.
In May 2011, the bank petitioned regulators to allow to reorganize into a mutual savings bank.
In May 2012, the bank established a $400,000 scholarship fund to support local athletes.
In 2013, the bank opened 2 locations in Portsmouth, New Hampshire.
In March 2018, Janice Morse retired and Lloyd Hamm Jr. was selected as president.
In March 2019 the bank changed its name to Newburyport Bank, also redesigning its logo and branding.
Presently in 2024, the bank has 11 branches, including 6 in Essex County, Massachusetts, 2 in Portsmouth, New Hampshire, as well as branches in the cities of Dover, Exeter, and Hampton, New Hampshire. Total assets, $1.032 billion and Total equity, $128 million (2019) Currently, it is a privately held company.
Its website is www.newburyportbank.com.
