Our History
A quick look back...
Eagle Bank is a state-chartered, mutual savings bank with over 135 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. At year-end 2023, total assets are approximately $615 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. More recently, this commitment to the community was evidenced during the pandemic, where the Bank worked closely with borrowers to help them navigate an extremely challenging environment and help keep their businesses moving forward.
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 that help make home ownership a reality for Bank customers.
And now...
After 135 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. We value personal interaction with our customers, but, we also offer an impressive suite of the technologically advanced products to help you achieve your banking needs anywhere at anytime. The Bank currently has five area branches, as well as residential and commercial lending staff at various locations throughout the Bank's footprint. On the retail side, customers can make deposits through their mobile devices, deposit taking ATMs at all branch locations, or through traditional teller line or drive-thru. We also offer by-appointment banking at all branches to fit your banking needs in to your schedule. The Bank is also a member of the SUMSM ATM network, enabling customers to use other participating banks’ ATMs without a surcharge. On the residential lending side, the Bank offers a multitude of mortgage programs and competitive rates to satisfy every home buyer and on the commercial lending side, the Bank is eager to work with you to help your business grow and succeed.
