Clinton Savings Bank

Name

Clinton Savings Bank

Legal name

Clinton Savings Bank

Website

https://clintonsavings.com

Company type

Private

Founded year

1851

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Savings Banks (Public/State-Owned) (FSABAKAK)

Keywords

• Community banking
• Personal banking services
• Business banking services
• Mortgage lending
• Consumer lending

Headquarters

HQ city

Clinton

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest spreads on loans including home mortgages, home equity loans, auto loans, personal loans, and commercial loans
2. Deposit Account Fees: Monthly service charges, per-item fees on checking accounts, and fee income from various deposit account services
3. Credit Card Services: Revenue from personal and business credit card transactions and interchange fees
4. Cash Management Services: Fee-based services including remote deposit capture, ACH origination, wire transfers, positive pay, and merchant services for business customers

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Clinton Savings Bank is a Massachusetts-chartered mutual savings bank that provides personal and business banking products, including checking and savings accounts, certificates of deposit, IRAs, residential mortgages, home equity loans, auto and personal loans, business lending, SBA loans, and cash management services. The bank serves Central Massachusetts through full-service branch locations in Clinton, Boylston, and Sterling, complemented by online and mobile banking channels.

Product overview

Clinton Savings Bank offers a comprehensive retail and commercial banking platform primarily serving Central Massachusetts. The product portfolio includes multiple checking and savings accounts (Total Access Checking, Preferred Checking, Basic Checking, Statement Savings, eXPERIENCE Online Savings, CDs, IRAs), residential and commercial lending products (Home Mortgages, Home Equity Loans/HELOC, Auto Loans, SBA Loans, Commercial Real Estate Loans), business banking services (Commercial Checking, Cash Management with ACH/wire capabilities, Business Credit Cards), and digital banking through On the Go Banking with mobile apps for iPhone and Android. The bank operates as a traditional community bank with branch locations supplemented by online and mobile banking channels.

Differentiator

Problem solved

Functional benefit

Brands

• eXPERIENCE Online Savings: Consumer online savings account product with competitive interest rates, limited branch access, and online-only banking features.
• CardValet

Products and services

• Total Access Checking High rewards checking account with comprehensive banking features and competitive benefits for personal banking customers.
• Preferred Checking High yield personal checking account earning competitive interest on checking balances.
• Basic Checking Simple, straightforward personal checking account for essential banking needs.
• Less Stress Checking Personal checking account designed to minimize banking stress and associated fees.
• Get Real Checking Student-oriented personal checking account for young adults and students.
• Money Market Account Interest-earning personal savings account with check-writing capabilities and competitive rates.
• 18/65 Checking Specialized personal checking account for customers who are 18 or 65 years old with targeted benefits.
• Statement Savings Basic personal savings account with statement documentation and competitive interest rates.
• Save 4 Savings Personal savings account designed to help customers save systematically with four savings goals.
• eXPERIENCE Online Savings Online-only personal savings account with competitive rates, restricted branch activity, and funded by new money only.
• Certificates of Deposit (CDs) Term deposit accounts with fixed rates and various maturity options for personal savings.
• Individual Retirement Accounts (IRAs) Tax-advantaged personal retirement savings accounts including Traditional and Roth IRA options.
• Home Mortgage Loans Residential mortgage financing for purchasing or refinancing homes, NMLS #422081.
• First-Time Home Buyer Programs Special mortgage programs and guidance for first-time home buyers in the bank's service area.
• Home Equity Loans Fixed-rate personal loans using home equity as collateral, with rates starting at 6.50% APR.
• Home Equity Lines of Credit (HELOC) Revolving personal credit lines secured by home equity for flexible borrowing needs.
• Auto Loans Personal financing for vehicle purchases with competitive rates and flexible terms.
• Personal Loans Unsecured personal loans for various financial needs with fixed rates.
• Mass Save HEAT Loans Energy efficiency personal loans for home heating system upgrades and improvements in Massachusetts.
• Personal Credit Cards Personal credit cards with rewards and benefits for consumer banking customers.
• On the Go Banking Mobile and online personal banking platform providing 24/7 account access, mobile check deposit, bill pay, and account management.
• Personal Debit Cards Personal CSB debit cards with fraud protection, CardValet app controls, and surcharge-free ATM access.
• Commercial Checking Business checking with unlimited transactions, earnings credits, and low per-item fees designed for businesses with large transaction volumes.
• Small Business Checking Business checking account designed for small business banking needs.
• Community One Checking Business checking account supporting community organizations.
• Cornerstone Checking Business checking account with tiered benefits.
• IOLTA Checking Interest on Lawyer Trust Account for legal professionals.
• Business Money Market Account High yield money market savings for businesses with check-writing capabilities.
• Business Certificates of Deposit Term deposits for business savings with fixed rates.
• Commercial Real Estate Loans Business financing for commercial property acquisition and development.
• Commercial Construction Loans Construction financing for commercial building projects.
• Business Lines of Credit Revolving business credit for working capital and operational flexibility.
• Business Term Loans Fixed-term business financing for investments and expansions.
• SBA 7A and 504 Loans Small Business Administration guaranteed loans for business growth.
• Business Credit Cards Credit cards for business spending with rewards and controls.
• Cash Management Comprehensive business suite including remote deposit capture, ACH origination, wire transfers, positive pay, merchant services, and online banking.
• CSB Bank at Work Program On-site banking services program bringing bank services to employer locations.
• Student Add-On CD Certificate of deposit product for student savers, part of the Next Generation Savers program.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability2 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• MastercardcoreTechnology or IntegrationClinton Savings Bank offers Mastercard business debit cards as part of its cash management and commercial banking services. The partnership enables quick, secure payments for business customers with the ability to issue multiple cards with employee spending limits.
• VisacoreTechnology or IntegrationClinton Savings Bank issues Visa credit cards for both personal and business customers, enabling card-based payments and transactions.
• Small Business Administration (SBA)coreStrategic or Co-development PartnerClinton Savings Bank offers SBA 7A and 504 loans as part of its business lending portfolio, providing government-backed financing options for small businesses in Central Massachusetts.
• Mass SaveminorStrategic or Co-development PartnerParticipating lender for Mass Save HEAT Loans, offering energy efficiency home improvement loans to Massachusetts residents.
• Channel 5 (Local News)minorGTM or Marketing PartnerLocal news coverage featuring the bank's high school branch program, including Tahanto banking students appearing on Channel 5's Eye Opener news segment.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Salem Five: Mutual savings bank headquartered in Salem, Massachusetts with retail and business banking across the state — directly comparable mutual charter and similar product breadth including digital banking.
• Cambridge Savings Bank: Massachusetts-based mutual savings bank offering consumer and commercial banking; directly comparable on charter type, deposit-driven funding, and Massachusetts footprint.
• Cape Cod Five Cents Savings Bank: Mutual savings bank operating across Cape Cod and Southeastern Massachusetts with retail and commercial banking — comparable charter, similar deposit-funded model, and analogous community focus.
• Easthampton Savings Bank: Massachusetts-chartered mutual savings bank serving Western Massachusetts communities with similar retail and small-business banking products; highly comparable in charter structure, mutual ownership, and community-bank operating model.
• Hingham Institution for Savings: Massachusetts mutual savings bank focused on residential lending and deposit gathering in its local market — directly comparable mutual charter, similar scale, and similar community-bank deposit/loan mix.
• Rockland Trust (Independent Bank Corp): Massachusetts-headquartered community bank with extensive branch network and full retail/commercial product set; comparable on geography and product mix, though larger and publicly traded.

Regional players

• Washington Trust Company: Oldest community bank in the Northeast (Rhode Island/Massachusetts) with retail, commercial, and wealth management lines; comparable on community-bank legacy franchise, though regional rather than Central-MA specific.

Broad incumbents

• Brookline Bank (Brookline Bancorp): Massachusetts-based commercial and retail bank operating multiple community-bank charters; comparable retail/SMB products but at larger scale and as a publicly traded bank holding company.
• Citizens Financial Group: Large regional bank with deep Massachusetts retail branch presence and full commercial banking suite — broad incumbent against which CSB competes for Massachusetts deposit and small-business customers.
• Berkshire Bank: Larger community bank serving Massachusetts and the Northeast with a broader commercial, wealth, and insurance offering — broader incumbent that overlaps with CSB on retail and small-business banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/experiencecsb
• YouTubeyoutube.com/channel/UCc6-onug5oaXlVBIjJZEPYA
• Facebookfacebook.com/experiencecsb
• LinkedInlinkedin.com/company/clinton-savings-bank
• Instagraminstagram.com/clintonsavings

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Clinton Savings Bank