Belmont Savings Bank
Belmont Savings Bank was a community savings bank that has been acquired by M&T Bank, whose domain retirement confirms the transaction. Its customers now access M&T Bank's full-service retail, commercial, and digital banking platform.
- Company typePrivate
- Founded1885
- HeadquartersBelmont, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Belmont Savings Bank does
Belmont Savings Bank was a community-oriented savings institution that has been acquired by M&T Bank Corporation, a large publicly-traded regional bank headquartered in the United States. Evidence of the acquisition is the retirement of the belmontsavings.com domain, which now redirects to M&T Bank's primary website (mtb.com) via a URL parameter tagged "retired-domain." As a result, Belmont Savings Bank no longer operates as a standalone entity and has no independent operating status, headquarters, or revenue-generating activities in the input data.
The combined M&T Bank platform — which now serves former Belmont Savings Bank customers — delivers a full-service retail and commercial banking suite. Core products include personal checking accounts, mortgages, lines of credit and personal loans, credit cards, savings accounts, certificates of deposit, and a tiered-rate M&T Preferred Money Market account. The digital layer comprises the M&T Mobile Banking application (iOS and Android) supporting Zelle peer-to-peer transfers, mobile check deposit, and spending tracking, alongside an encrypted online banking platform. Adjacent offerings include M&T Small Business Banking with SBA lending, Wilmington Advisors @ M&T (a financial planning sub-brand delivered via an LPL Financial partnership for investment and insurance advisory), the M&T Financial Education Center, and mortgage assistance programs for hardship cases.
The business model is a traditional bank spread-and-fee model — net interest income on deposits and loans augmented by service fees, card interchange, mortgage origination, and advisory fees routed through the LPL partnership. Distribution is multi-channel: physical branches and ATMs, a contact center (1-800-724-2440), self-serve digital banking, and appointment-based consultations for commercial and wealth clients. The institution holds FDIC-insured status and Equal Housing Lender designation. Community impact metrics cited ($62.1M in community impact, 3,796 non-profit partners, 194.8M volunteer hours) reflect the parent M&T organization rather than Belmont Savings Bank specifically.
Belmont Savings Bank firmographics
Firmographics- Name
- Belmont Savings Bank
- Legal name
- Belmont Savings Bank
- Website
- https://belmontsavings.com
- Company type
- Private
- Founded year
- 1885
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Belmont Savings Bank was a community savings bank that has been acquired by M&T Bank, whose domain retirement confirms the transaction. Its customers now access M&T Bank's full-service retail, commercial, and digital banking platform.
- Ownership category
- akta.pro rank
Belmont Savings Bank industry classification
Industry- Product category
- Retail 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)
Keywords
Where Belmont Savings Bank is headquartered
LocationHeadquarters
- HQ city
- Belmont
- HQ country
- United States
- HQ region
- North America
Markets served
Belmont Savings Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Distribution channels4 records
Marketing channels3 records
Belmont Savings Bank product offering
Product offeringCore offering
Belmont Savings Bank's domain (belmontsavings.com) now redirects to M&T Bank, indicating the institution has been acquired by M&T Bank Corporation. Through the M&T Bank platform, the combined entity offers FDIC-insured personal and business banking, including checking and savings accounts, money market accounts, certificates of deposit, mortgages, personal loans, lines of credit, credit cards, small business and commercial banking with SBA lending, and investment and insurance advisory services via Wilmington Advisors @ M&T.
Product overview
M&T Bank offers a comprehensive suite of personal and business banking products delivered through a unified digital and branch banking platform. The core product portfolio includes checking accounts, mortgages, personal loans, credit cards, savings accounts, CDs, and money market accounts. Digital banking services encompass mobile banking with Zelle integration, check deposit, and spending tracking. The bank also provides investment and insurance advisory services through its Wilmington Advisors @ M&T sub-brand (a partnership with LPL Financial), and small business banking solutions including SBA lending. The M&T Financial Education Center serves as an educational resource, while mortgage assistance programs support customers facing financial hardship.
Differentiator
Problem solved
Functional benefit
Products and services
- M&T Checking Accounts Personal checking accounts with multiple options and features designed to meet everyday consumer banking needs.
- M&T Savings & CDs Savings accounts and certificates of deposit designed to help customers grow and protect their funds.
- M&T Preferred Money Market Money market account with tiered interest rates that increase as account balance grows, with enhanced earnings opportunities for new money deposits.
- M&T Mortgages Home mortgage loans and financing options for purchasing or refinancing residential properties.
- M&T Lines of Credit and Personal Loans Flexible credit lines and personal loan products for various consumer borrowing needs.
- M&T Credit Cards Credit card products offering purchasing power and rewards for personal consumer use.
- M&T Small Business Banking Banking products and services designed for small business owners, including SBA lending programs and business deposit accounts.
- M&T Mobile Banking Mobile banking application available on iOS and Android that enables users to send/receive money via Zelle, deposit checks, and monitor spending habits.
- M&T Digital Banking Online banking platform providing encrypted digital access to account management and banking services.
- Wilmington Advisors @ M&T Financial planning and advisory services brand operated by M&T Bank employees who are registered representatives with LPL Financial, offering retirement, education, and insurance planning.
Companies that use Belmont Savings Bank
Customer profileIdeal customer profiles3 records
Belmont Savings Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Belmont Savings Bank competitors and assessment
Company assessmentDirect peers
- Cambridge Savings Bank: Massachusetts mutual savings bank providing deposits, mortgages, and business banking — closely comparable in charter type, product mix, and New England customer base to Belmont Savings Bank.
- Bristol County Savings Bank: Massachusetts mutual savings bank with personal and business banking products serving a defined regional footprint; directly comparable to Belmont Savings Bank in charter, size, and product mix.
- Rockland Trust (Independent Bank Corp): Massachusetts-headquartered community bank with retail, small business/SBA, and wealth offerings that overlap directly with the product set Belmont Savings Bank operated pre-acquisition.
- East Boston Savings Bank: Massachusetts-based mutual savings bank with a comparable deposit-led, community-focused model and personal/business banking offerings directly analogous to Belmont Savings Bank's prior standalone footprint.
- Reading Cooperative Bank: Mutual savings-bank-style community institution in eastern Massachusetts with deposit and consumer lending focus; structurally similar to Belmont Savings Bank's community deposit-led model.
Regional players
- Brookline Bancorp (Brookline Bank): Greater Boston-focused commercial bank and lender; comparable deposit-gathering and commercial lending activities to Belmont Savings Bank's retail/community banking model.
- North Shore Bancorp (North Shore Bank): Massachusetts community thrift offering consumer and business banking in a defined regional market; comparable charter type and operating geography to Belmont Savings Bank.
- Washington Trust Bancorp: Rhode Island/New England regional bank with retail, commercial, and wealth management lines, comparable in regional scope and product breadth to a community savings bank in the New England corridor.
Broad incumbents
- Berkshire Bank: New England regional bank offering retail, business, and wealth services across multiple states; broader scale but overlapping customer segments and product set with the legacy Belmont franchise.
- M&T Bank (parent/acquirer): The strategic acquirer and current parent; relevant as a peer reference for scale, product breadth, and platform that the legacy Belmont franchise is now part of, rather than as a competing standalone entity.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks4 records
Key highlights6 records
Customer concentration
Belmont Savings Bank social profiles
Digital presenceBelmont Savings Bank compliance and trust
Trust signalCompliance3 records
Belmont Savings Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Belmont Savings Bank leadership team
Management profileNumber of profiles
Belmont Savings Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Belmont Savings Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Belmont Savings Bank
What does Belmont Savings Bank do?
Belmont Savings Bank's domain (belmontsavings.com) now redirects to M&T Bank, indicating the institution has been acquired by M&T Bank Corporation. Through the M&T Bank platform, the combined entity offers FDIC-insured personal and business banking, including checking and savings accounts, money market accounts, certificates of deposit, mortgages, personal loans, lines of credit, credit cards, small business and commercial banking with SBA lending, and investment and insurance advisory services via Wilmington Advisors @ M&T.
Is Belmont Savings Bank a public or private company?
Belmont Savings Bank is a private company. It is classified as corporate owned and is currently acquired.
When was Belmont Savings Bank founded?
Belmont Savings Bank was founded in 1885. It employs 51 to 100 people.
Where is Belmont Savings Bank based?
Belmont Savings Bank is headquartered in Belmont, United States, in the North America region.
Who are Belmont Savings Bank's main competitors?
Direct peers on record are Cambridge Savings Bank, Bristol County Savings Bank, Rockland Trust (Independent Bank Corp), East Boston Savings Bank and Reading Cooperative Bank. Regional players are Brookline Bancorp (Brookline Bank), North Shore Bancorp (North Shore Bank) and Washington Trust Bancorp. Broad incumbents are Berkshire Bank and M&T Bank (parent/acquirer).
Does Belmont Savings Bank have an API?
No public API is recorded for Belmont Savings Bank.
What industry is Belmont Savings Bank in?
Belmont Savings Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts. Its NAICS code is 522180 and its SIC code is 6036.