tsb
- Company typePrivate
- Founded1869
- HeadquartersWakefield, United States
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
tsb firmographics
Firmographics- Name
- tsb
- Legal name
- The Savings Bank
- Website
- https://tsbawake24.com
- Company type
- Private
- Founded year
- 1869
- Operating status
- Operating
- Ownership category
- akta.pro rank
tsb industry classification
Industry- Product category
- Community 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), State Commercial Banks (6022)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
Keywords
Where tsb is headquartered
LocationHeadquarters
- HQ city
- Wakefield
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
tsb business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Deposit-Taking and Banking Services: Traditional banking services including checking accounts, savings accounts, money market accounts, CDs, and IRAs generating revenue through interest rate spreads and fees
- Consumer Lending: Mortgage lending, home equity loans/lines, consumer loans, and auto loans generating interest income
- Commercial Lending: Commercial loans, SBA lending, commercial mortgages, and business credit products for small businesses and commercial clients
- Wealth Management: Wealth management and trust services including investment management and financial planning
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | TSB 365 Checking - No-fee checking account with rewards |
| Unit Pricing | Multi-year contract | CD Specials - Certificate of Deposit offerings |
| Other | Monthly | Fixed Rate Mortgages - As low as 5.778% APR |
| Other | Monthly | Home Equity Loans - As low as 6.250% APR |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
tsb product offering
Product offeringCore offering
The Savings Bank is a mutual community bank that accepts deposits (checking, savings, money market, CDs, IRAs) and originates loans (mortgages, home equity, consumer, commercial, SBA) for individuals, families, and small businesses in Massachusetts. It complements its in-person branch service with Fiserv-powered online and mobile banking, Zelle P2P payments, and a small-business financing program (TSB Business Direct), while delivering wealth management and trust services through its affiliate First Financial Trust.
Product overview
The Savings Bank (TSB) is a community bank offering a comprehensive suite of banking products and services through both traditional branch banking and digital channels. The product portfolio includes personal banking products (checking, savings, CDs/IRAs, mortgages, home equity, consumer loans), business banking products (checking, savings, commercial loans, SBA lending, cash management), and wealth management services. Key digital offerings include TSB 365 Checking (a recently launched no-fee checking account with ATM reimbursements), TSB Business Direct (small business financing), Personal and Business Online/Mobile Banking powered by Fiserv, and Zelle peer-to-peer payments. The bank operates branches in Wakefield, Lynnfield, North Reading, Andover, and Methuen, Massachusetts.
Differentiator
Problem solved
Functional benefit
Products and services
- TSB 365 Checking
- Personal Checking
- Personal Savings
- CDs and IRAs
- Mortgages
- Home Equity Loans
- Consumer Loans
- Student Accounts
- Accounts for Veterans
- First-Time Homebuyer Program
- City Town Employee Loan Program
- Business Checking
- Business Savings
- Small Business Banking
- Commercial Loans
- TSB Business Direct
- SBA Lending
- Cash Management Services
- Wealth Management
- Personal Online Banking
- Personal Mobile Banking
- Business Online & Mobile Banking
- The C.L.U.B. for Young Savers
Quantifiable outcome
- Deposits fully insured through FDIC and DIF coverage combination
- +1 more outcomes
Companies that use tsb
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
tsb technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature4 records
tsb partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- FiservcoreFiserv provides the technology platform powering TSB Mobile Banking and TSB Business Banking services. The platform enables real-time balances, mobile deposits, transfers, bill payment, card management, Zelle payments, and branch/ATM location services.
- Early Warning Services (Zelle)coreThe bank offers Zelle P2P payment services through a license agreement with Early Warning Services, LLC. Zelle marks are wholly owned by Early Warning Services and used under license.
- First Financial TrustcoreFirst Financial Trust is an affiliate company providing wealth management and trust services. The bank offers Wealth Checking exclusively for First Financial Trust clients.
- Enterprise BankminorFormer employer of newly hired senior executives George Nugent (SVP Marketing) and Allison Sullivan (SVP HR), indicating talent acquisition from peer financial institutions.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
tsb competitors and assessment
Company assessmentDirect peers
- Reading Cooperative Bank: Massachusetts mutual co-operative bank with similar deposit-taking, mortgage, and consumer lending focus in adjacent North Shore communities; directly comparable mutual community banking model.
- Brookline Bank: Massachusetts-headquartered community bank offering full-service personal, business, and wealth management products across Greater Boston; highly comparable product set, customer base, and regulatory framework.
- East Boston Savings Bank: Mutual savings bank serving Greater Boston and surrounding communities with deposit, mortgage, and commercial lending; directly comparable mutual community model operating in the same Massachusetts geography.
- Cambridge Savings Bank: Massachusetts mutual savings bank with a comparable consumer and business banking product suite, including SBA lending and wealth management, operating in adjacent Greater Boston markets.
- Dedham Savings Bank: Massachusetts mutual savings bank serving similar suburban Boston communities with comparable consumer, mortgage, and small business products; directly comparable mutual community model.
- Winchester Co-operative Bank: Massachusetts mutual co-operative bank serving similar suburban Boston communities with comparable deposit, mortgage, and consumer loan products; mutual ownership aligns closely with TSB.
Broad incumbents
- Enterprise Bank: Massachusetts community bank with a comparable commercial and small business banking focus; recently the prior employer of two TSB SVPs (Sullivan, Nugent) and therefore a direct competitor for both customers and talent in the same geography.
- Salem Five Bank: Massachusetts mutual savings bank offering full-service personal and business banking with deeper North Shore presence; larger and more established but highly comparable product mix and mutual structure.
- Rockland Trust (Independent Bank Corp): Larger Massachusetts-headquartered community bank with overlapping consumer, mortgage, and commercial banking across Eastern and Central MA; broader scale and footprint than TSB but directly competing in shared markets.
Regional players
- MountainOne Bank: Massachusetts-based community bank offering personal, business, and investment services; comparable community banking model but operating primarily in different Massachusetts regions (South Shore, Berkshires).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
tsb compliance and trust
Trust signalCompliance6 records
tsb financial estimates
Financial estimateRevenue estimate
Valuation estimate
tsb leadership team
Management profileNumber of profiles
Profiles10 records
tsb subsidiaries and ownership
Company hierarchySubsidiaries1 record
tsb funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
tsb 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 tsb
What does tsb do?
The Savings Bank is a mutual community bank that accepts deposits (checking, savings, money market, CDs, IRAs) and originates loans (mortgages, home equity, consumer, commercial, SBA) for individuals, families, and small businesses in Massachusetts. It complements its in-person branch service with Fiserv-powered online and mobile banking, Zelle P2P payments, and a small-business financing program (TSB Business Direct), while delivering wealth management and trust services through its affiliate First Financial Trust.
Is tsb a public or private company?
tsb is a private company. It is classified as management employee owned and is currently operating.
When was tsb founded?
tsb was founded in 1869.
Where is tsb based?
tsb is headquartered in Wakefield, United States, in the North America region.
How does tsb make money?
Four revenue lines are on record. Deposit-Taking and Banking Services are the primary driver. The others are consumer Lending, commercial Lending and wealth Management.
Who are tsb's main competitors?
Direct peers on record are Reading Cooperative Bank, Brookline Bank, East Boston Savings Bank, Cambridge Savings Bank, Dedham Savings Bank and Winchester Co-operative Bank. Broad incumbents are Enterprise Bank, Salem Five Bank and Rockland Trust (Independent Bank Corp). MountainOne Bank is listed as a regional player.
Does tsb have an API?
No public API is recorded for tsb.
What industry is tsb in?
tsb's product category is Community Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts, with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 522180 and its SIC code is 6036.