Cambridge Savings Bank

What Cambridge Savings Bank does

Cambridge Savings Bank is a mutual savings bank founded in 1834 and headquartered at 1374 Massachusetts Avenue in Cambridge, Massachusetts. The bank operates as a community-oriented full-service financial institution serving three primary customer segments: individual consumers (personal checking, savings, CDs, mortgages, home equity, personal loans, investment referrals via Connect Invest), small businesses (checking, savings, lending, treasury management), and commercial clients (corporate banking, commercial real estate lending, asset-based lending, treasury management). Distribution is multi-channel: 24 full-service branches across Massachusetts and New Hampshire (post-First Seacoast merger), online and mobile banking platforms, telephone banking at 888.418.5626, and the Ivy Bank digital-only subsidiary targeting online customers. Zelle and Mastercard debit integrations support payments; the bank holds FDIC insurance, Equal Housing Lender status, and NMLS registration (ID#543370).

Revenue is generated primarily through net interest income on the loan portfolio (residential mortgages, commercial real estate, commercial loans, consumer loans including home equity), supplemented by deposit-based service fees (overdraft, maintenance), treasury management and commercial banking transaction fees, and referral/partnership revenue from investment products (Connect Invest) and other third-party arrangements (Banzai financial education content). The bank's pricing is quote-based rather than publicly disclosed, with a documented $1,200 welcome bonus available for new checking customers as an acquisition lever.

The bank is governed by its parent holding company, Cambridge Financial Group, Inc., and operates as a mutual institution owned by its depositors rather than external shareholders. In May 2026, Cambridge Financial Group entered a definitive agreement to acquire First Seacoast Bancorp in an all-cash transaction valued at approximately $80.9 million ($17.25 per share), which would add five New Hampshire branches and bring pro forma assets to roughly $7 billion. Customer wins cited in source material include Crave Better Foods (revolving credit facility scaled by over 90%) and participation in a $135 million syndicated facility for JPalmer Collective. Day-to-day technology infrastructure is described as traditional banking systems supporting online/mobile channels, Zelle, Mastercard, and digital account opening; no proprietary AI/ML capabilities are disclosed.

Name

Cambridge Savings Bank

Legal name

Cambridge Savings Bank

Website

https://cambridgesavings.com

Company type

Private

Founded year

1834

Operating status

Operating

Headcount range

251–500 employees

Short description

Cambridge Savings Bank is a mutual community savings bank founded in 1834, headquartered in Cambridge, Massachusetts, serving individual consumers, small businesses, and commercial clients across Massachusetts and New Hampshire through 24 branches, online/mobile banking, and an Ivy Bank digital subsidiary.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Savings Banks (Public/State-Owned) (FSABAKAK)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

• Community banking
• Personal banking
• Commercial lending
• Asset-based lending
• Digital banking

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: The bank generates revenue primarily through interest income from its loan portfolio, including residential mortgages, commercial real estate loans, commercial loans, and consumer loans including home equity products.
2. Deposit-Based Services: Revenue from checking and savings accounts, CDs, money market accounts, including overdraft fees, maintenance fees, and other account-related charges.
3. Commercial Banking Services: Treasury management services, commercial lending, asset-based lending, and corporate banking services for business customers.
4. Investment Products: Referral and partnership fees from investment products including Connect InvestSM and retirement savings options offered through third-party partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Cambridge Savings Bank is a full-service mutual savings bank offering deposit accounts, consumer lending, mortgages, small business banking, and commercial banking services (including commercial real estate and asset-based lending) to individuals and businesses across Massachusetts and New Hampshire. The bank operates a traditional branch-based distribution model supplemented by online and mobile banking, and runs Ivy Bank, a wholly-owned digital-only banking subsidiary.

Product overview

Cambridge Savings Bank offers a comprehensive suite of banking products and services organized around four main segments: Personal Banking (checking, savings, CDs, mortgages, home equity, personal loans, and investing), Small Business Banking (checking, savings, lending, and treasury management), Commercial Banking (corporate banking, commercial real estate, and asset-based lending), and Digital Banking (mobile and online banking with additional tools like money management and credit scoring). The bank also operates Ivy Bank as a digital-only sub-brand. Services are accessible through physical branches, online banking, and mobile applications, with Zelle® for payments and Mastercard® for debit card services integrated into the offerings.

Differentiator

Problem solved

Functional benefit

Brands

• Connect Invest: Investment platform offered by Cambridge Savings Bank for retirement savings and investment products.
• Ivy

Products and services

• Personal Checking Accounts
• Personal Savings Accounts
• Certificates of Deposit (CDs)
• Home Mortgages
• Home Equity Lines of Credit (HELOC)
• Personal Loans
• Small Business Banking
• Commercial Lending
• Commercial Real Estate Lending
• Asset-Based Lending
• Treasury Management
• Online and Mobile Banking
• Ivy Bank (Digital-Only Banking Subsidiary)

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Ivy BankcoreOthersIvy Bank is a digital-only bank subsidiary of Cambridge Savings Bank, established 1834. It offers online banking products including high-interest savings accounts and CDs, targeting customers who prefer digital-first banking experiences. Cambridge Savings Bank backs Ivy Bank as its digital banking arm.
• MastercardcoreTechnology or IntegrationCambridge Savings Bank issues Mastercard debit cards for personal and business customers. The partnership provides card payment processing, fraud protection through ID Protection Online, and cardholder benefits including travel and purchase protections through the Mastercard Guide to Benefits.
• ZellecoreTechnology or IntegrationCambridge Savings Bank offers Zelle payment services for fast money transfers, enabling customers to send and receive money directly between bank accounts through online and mobile banking platforms.
• Connect InvestminorGTM or Marketing PartnerThird-party investment platform offered through Cambridge Savings Bank's website, providing customers access to investment products and retirement savings options. The bank earns referral/partnership fees from this arrangement.
• BanzaiminorGTM or Marketing PartnerFinancial education content provider for Cambridge Savings Bank's Learning Hub and home-buying resources, offering interactive digital learning resources, articles, calculators, and coaching on topics including housing, credit building, and financial wellness.

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CambridgeBank
• Facebookfacebook.com/cambridgesavings
• LinkedInlinkedin.com/company/cambridge-savings-bank
• Instagraminstagram.com/cambridge_savings_bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments18 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cambridge Savings Bank