About Us

We are proud to be an independent, local bank with a strong financial foundation, a tradition of exceptional service, and a legacy of community involvement and support.


From Our Customers

Read what some of our customers have to say.


TEST Nexus Inc Mar 2023

Nexus, Inc.

"All Winchester Savings employees – from the Relationship Bankers to the Vice President of Cash Management Services – are there to help their customers navigate the banking world and understand how WSB can make their lives a little better."
 TEST American Alarm

American Alarm

"For our largest ever building investment, with the support of Winchester Savings Bank, we committed nearly $3 million to fully renovate and re-imagine this building..."
 TEST EnKa Society Wright-Locke Farm

En Ka Society of Winchester

"...everybody comes together from the Bank and really bands together to help..."
 TEST DermPhysicians NE

DermPhysicians of New England

"They have incredibly supportive team members who made the process much easier."
 TEST Shield System Car Wash

Shield System Car Wash

"...these all start with visions, and we're able to work very closely with Winchester Savings Bank to make these dreams a reality."

Bank News

WSB in the News

WSB Appoints John A Carroll President and CEO

Bank History

Bank History

The Winchester Savings Bank was established by the Massachusetts Legislature and incorporated on March 3, 1871. The first meeting of the Corporators was held in Lyceum Hall (the building at the corner of Main and Mt. Vernon Streets in Winchester) on July 11, 1871. The Bank first opened its doors for business on August 26, 1871, in a banking room on the north side of Main Street.

In 1880, the Bank moved to the second floor of the Brown and Stanton Block on Main Street, and remained there until 1892 when it moved into its newly constructed building at 26 Mt. Vernon Street. This building still stands today and is regarded as a historical building by the Winchester Historical Society. The Bank's main office was moved on December 10, 1979 to its present location at 661 Main Street.  Since its founding in 1871, the Bank has grown into a full-service financial institution.

The Bank is an independent, mutual, state-chartered institution with a mission of meeting the financial needs of the communities which it serves. The Bank is directed by a Board of Trustees elected by the Bank's Corporators, a group of civic-minded, local individuals. Since the Bank is mutual, all profits from operations are reinvested in the Bank.

In 2012, Winchester Savings introduced a new logo that represents the three core values the Bank strives to embrace every day… Strength. Service. Community.

All deposits are insured in full by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The Bank is an equal housing lender.

President's Message

President's Message

CarrollRecent financial industry news has many people worried about their bank accounts. At Winchester Savings Bank, your deposits are FULLY insured. We are a member of the Depositors Insurance Fund (DIF) as well as the FDIC. The combination of FDIC and DIF insurance provides our customers with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF. Learn more about the DIF at https://www.difxs.com.

Deposit insurance is only one of the reasons you should feel secure banking with Winchester Savings Bank. We are also a mutual, community bank with a very sound business model. We are well-capitalized with a responsible mix of loans and investments, and 2022 was one of our best years in more than 150. Our mutual structure means we do not make decisions based on shareholders or stock price. We are as much a part of the community as our customers are, and that is – and always will be – extremely important to us.

I know the news about bank closures has been unsettling and at times, a little confusing. Everyone from our Executive Team to our front-line staff is happy to answer any questions you have. We are here for you. Please call us at (781) 729-2130, and feel free to email me directly at jcarroll@winchestersavings.com.

John A. Carroll
President and CEO

Annual Reports

Annual Reports

We are pleased to provide our 2022 Annual Report below, which includes financials for the year as well as information about the Bank and our plans for the future. For questions, please contact us.

Annual Report 2023

Annual Report 2022

Statement of Condition 2021

Statement of Condition 2020

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