Our History

A quick look back...

Eagle Bank is a state-chartered, mutual savings bank with over 125 years of experience in the financial services industry. We received our original charter from the Commonwealth of Massachusetts on March 1, 1889. On that date, the Massachusetts Senate and House of Representatives authorized the founding of the Bank. On May 11, 1889, we opened the doors for our first day of business. At the end of the day, deposits totaled $4,570. Today, total assets are approximately $420 million.

Commitment to the community has always been a priority. During the Great Depression, readers of the local newspaper could depend on the Bank to give sound, thoughtful advice. During World War II, the Bank received authorization and sold defense bonds and stamps, which were important to the raising of funds for the war effort.

Since 1939, the Bank has recognized the importance of home ownership by participating in various, government funded programs that enables us to provide low-cost and competitive mortgage loans. Today, this is evidenced by our first time home buyer programs.

And now...

After 125 years, Eagle Bank remains an independent, community bank focused on providing competitive products and services through a delivery system designed to maximize the customer experience. In a never-ending quest for convenience, consumers have demanded changes and Eagle Bank has responded. The Bank currently has five area branches, one of which is in a neighboring community supermarket, and also a loan center. ATM facilities are available at all locations, some of which are drive-through and have deposit taking capabilities. Constantly aware of diversity in our ever-changing environment, the Bank offers a multitude of mortgage programs and competitive rates to satisfy every home buyer. The Bank is also a member of the SUMSM ATM network, enabling customers to use other participating banks’ ATMs without a surcharge.

Eagle Bank customers are also able to manage their financial resources and conduct banking business with the touch of a finger at their convenience with:

  • Online banking, bill pay/presentment, and e-statements
  • Mobile banking app
  • Finance Works - account aggregation, budget management, asset/liability monitoring, etc.
  • Purchase rewards - make your debit card work for you!
  • Remote check deposit
  • Apple Pay

Eagle Bank will continue to invest and allocate resources in accordance with changing customer demands and looks forward to serving Massachusetts communities for many years to come.