East Cambridge Savings Bank

What East Cambridge Savings Bank does

East Cambridge Savings Bank is a Massachusetts-chartered mutual savings bank founded in 1854 and headquartered at 292 Cambridge Street, Cambridge, MA. Owned by its depositors under parent holding company 1854 Bancorp, the bank operates a network of 11 physical banking centers across the Greater Boston area — including Cambridge, Arlington, Belmont, Chelsea, Malden, Medford, Somerville, Waltham, and Woburn — supported by online and mobile banking, a customer call center, and the SUM shared branching network. The bank is governed by a mutual ownership structure with no outside shareholders; profits are reinvested into the institution and the communities it serves, and all deposits are insured in full through both FDIC and the Depositors Insurance Fund (DIF).

The bank operates on a full-service community banking model serving two primary segments: individual consumers (checking, savings, mortgage, home equity, consumer loans, credit builder and BankOn-certified access products) and small-to-medium businesses (business checking, commercial and industrial lending, commercial real estate, construction financing, cash management, merchant services, and business credit cards). Revenue is generated through net interest income on the loan portfolio (residential mortgages, commercial real estate, business and consumer loans) minus interest paid on deposits, supplemented by non-interest income from deposit account fees, debit/credit card interchange, cash management fees, and investment and wealth management services delivered through the Infinex Financial Group partnership. The bank's core technology is described as standard banking infrastructure — online and mobile platforms, digital lending applications, and core banking systems — with publicly disclosed CD, HELOC, and jumbo mortgage pricing. Specialized community lending products include MHP ONE and ONE+ Mortgages, MassHousing Finance Agency loans, Mass Save HEAT energy-efficiency loans, the Lift Up Homeownership Program, ARCH Community Heroes, and the free Enrich financial wellness platform.

The bank had $1.640 billion in total assets and $5.7 million in net income at year-end 2025 (a 126% increase over the prior year), with $220 million in loans originated and $24 million in deposit growth during the year. The Tier 1 leverage ratio of 9.53% places the bank well above regulatory capital thresholds. Capital is allocated via FDIC/DIF-insured deposit gathering and lending deployment across consumer, residential, commercial real estate, business, and construction loan categories. Leadership transitioned in 2023 from longtime President/CEO Gilda M. Nogueira (46 years of service) to Timothy E. Bombard, with Timothy L. Buckley joining as CFO in March 2026. The bank expanded via the August 2022 acquisition of Patriot Community Bank, which added $200 million in assets and the Woburn branch.

Name

East Cambridge Savings Bank

Legal name

East Cambridge Savings Bank

Website

https://ecsb.com

Company type

Private

Founded year

1854

Operating status

Operating

Headcount range

101–250 employees

Short description

East Cambridge Savings Bank is a 1854-founded Massachusetts mutual savings bank serving individuals, families, and small-to-medium businesses across 11 Greater Boston branches with full personal and commercial banking, mortgages, wealth management via Infinex, and community lending programs. Total assets were $1.64 billion at year-end 2025.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Commercial Banking (52211), Portfolio Management and Investment Advice (523940)

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)

Keywords

• Retail banking services
• Commercial lending
• Mortgage loans
• Community banking
• Wealth management

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices10 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. Net Interest Income: Interest income from loan portfolio including residential mortgages, commercial real estate loans, business loans, and consumer loans, offset by interest paid on deposits.
2. Non-Interest Income: Fee income from deposit accounts, debit/credit cards, cash management services, merchant services, and investment/wealth management services through Infinex Financial Group partnership.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

East Cambridge Savings Bank is a full-service mutual savings bank offering personal and business banking products, residential and commercial mortgage lending, cash management, merchant services, and investment/wealth management services through its Infinex Financial Group partnership. It serves consumers, small and medium-sized businesses, and first-time homebuyers across the Greater Boston area through 11 branch locations and digital banking channels.

Product overview

East Cambridge Savings Bank is a full-service mutual bank offering a comprehensive suite of personal and business banking products. Personal banking includes multiple checking options (East Cambridge Checking, Free Checking, Access Checking with BankOn certification), savings accounts (Smart Saver, Statement Savings), various loan products (home loans, home equity lines of credit, jumbo loans, energy efficiency loans, consumer loans), and credit builder products. Business banking encompasses commercial checking, business savings, and diverse lending options including commercial & industrial loans, commercial real estate, and construction financing. The bank also offers specialized community lending programs including MassHousing Partnership ONE and ONE+ mortgages, various down payment assistance programs, and grants like the Lift Up Homeownership Program. Additional services include investment management through Infinex Financial Group, the Enrich financial wellness platform, CD specials, and cash management & merchant services. The bank operates as a relationship-driven community bank with locations across the Greater Boston area.

Differentiator

Problem solved

Functional benefit

Brands

• Enrich: Free financial wellness platform providing bite-sized lessons, helpful tools, and practical guidance on budgeting, saving, credit, homebuying, and retirement.
• Infinex Financial Group

Products and services

• East Cambridge Checking

Quantifiable outcome

• Net income grew 126% ($3.2 million increase) to $5.7 million in 2025
• +2 more outcomes

Named customers6 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

Partnerships

Three partnerships are on record, tiered minor and core.

• Federal Reserve BoardminorOthers · 3 March 2026Federal Reserve Board enforcement action against former employee Klaus Koberstein for misappropriation of customer funds. Consent prohibition order issued.
• Infinex Financial GroupcoreChannel Partner/ Reseller/ Distributor · 4 April 2022Formerly known as East Cambridge Financial Services, Infinex Financial Group Located at East Cambridge Savings Bank offers full suite of investment and wealth management services including college savings plans, retirement planning, annuities, gifting strategies, and trust services. Generated $35.8 million in new sales in 2021 with $154.5 million in total assets under management.
• BankOn (Cities for Financial Empowerment Fund)coreStrategic or Co-development Partner · 22 March 2022BankOn certification program for East Cambridge Access Checking account, designed to help unbanked and underbanked individuals gain access to safe, affordable banking services.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Cambridge Savings Bank: A Massachusetts-chartered mutual savings bank headquartered in Cambridge, directly competing with East Cambridge Savings Bank for personal and small business deposits, mortgages, and wealth management in the same Greater Boston footprint.
• East Boston Savings Bank (part of Rockland Trust): A Massachusetts community savings bank serving Greater Boston with similar deposit, mortgage, and small business banking products, making it a directly comparable community bank peer.
• Brookline Bank: A Massachusetts-based community bank offering personal and commercial banking, mortgages, and wealth services in overlapping Greater Boston markets, directly competing for the same retail and SMB customers.
• Salem Five Bank: A Massachusetts mutual savings bank offering deposits, mortgages, and commercial lending to consumers and small businesses across the region, providing a closely matched mutual community bank comparison.
• Hingham Institution for Savings: A Massachusetts mutual savings bank with a similar deposit-funded residential and commercial real estate lending model serving Greater Boston and the South Shore, directly comparable in product mix and mutual charter.
• Rockland Trust (Independent Bank Corp): A Massachusetts-based community bank with the largest branch network in the region, offering a comparable suite of deposit, mortgage, and small business products and competing head-to-head across Greater Boston.
• Century Bank: A Massachusetts-chartered community bank focused on commercial and small business banking with personal deposit products in Greater Boston, comparable in scale and customer mix to East Cambridge.
• Cape Cod 5: A Massachusetts mutual savings bank offering deposit, mortgage, and wealth management services to consumers and small businesses, sharing the mutual charter and community banking model with East Cambridge.

Regional players

• Washington Trust Bancorp: The largest community-oriented bank headquartered in Rhode Island, operating across southern New England with comparable consumer and commercial banking products, though not directly overlapping East Cambridge's Massachusetts territory.
• Berkshire Hills Bancorp: A New England-based community bank operating across Massachusetts and neighboring states with a similar mix of deposit, mortgage, and small business banking, comparable in scale and product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/EastCambSavBank
• Facebookfacebook.com/EastCambridgeSavingsBank
• LinkedInlinkedin.com/company/east-cambridge-savings-bank
• Instagraminstagram.com/eastcambridgesavingsbank/?hl=en

Compliance4 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

Investments

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

Frequently asked questions about East Cambridge Savings Bank