South Shore Savings Bank was originally chartered in 1833, 175 years ago, as The Weymouth and Braintree Institution for Savings as a mutual bank for the benefit of the citizens of our community. We do not have stockholders, we are not owned by equity firms, out of state investors, or Wall Street.

We are, in the truest sense of the word, a "local" Community Bank. We take deposits and make loans for South Shore residents and businesses. We have never made sub-prime loans. We have grown to approximately $950 million in assets, have strong earnings and are well capitalized by retained earnings for over 175 years.

We share your concerns about the national financial market. Please know that our foremost concern remains you, our customer.

We continue to lend money every day to citizens all over the South Shore for Equity Loans, Reverse Mortgages and Consumer Loans and Mortgage Loans through our subsidiary, Cambridge Mortgage Group. We continually lend money to small businesses and corporations throughout our market area. We continue to make thousands of dollars of contributions to charitable and non-profit organizations throughout the South Shore. In other words, we continue to do business every day the way we always have for 175 years.

Try not to confuse what goes on at your local community bank with what has been happening on Wall Street!

If you have concerns about your banking relationship, I encourage you to visit one of our fifteen branch locations and one of our experienced banking officers will be glad to help you "Live life for all it’s worth."

Thank you for your continued support.