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Community Savings Bank history
Community Savings Bank company history timeline
Community Savings Bank is a FDIC state chartered community bank, established in 1910.
RSB pioneered a payroll-savings plan for workers early in the 20th century and started a popular "school savings plan" for kids in 1915.
Business continued to flourish, and RSB opened a branch office at 40 Franklin St in 1928.
"Few cathedrals of the New World evidence the grandeur of this 1928 'temple of commerce,' " wrote Paul Malo in the book Landmarks of Rochester and Monroe County.
Community opened its first office in a small store front location at 3208 North Cicero Avenue on October 21, 1944.
Community Bank was founded in 1955 by a group of Joseph, Oregon business leaders as the Bank of Wallowa County.
Enlarged and renovated several times, that structure lasted almost a century before it was razed in 1955 and replaced by a more modern facility on the same site the following year.
RSB's West Main Street-Fitzhugh building, which debuted in 1956, was the first bank in Rochester to offer drive-in teller service.
In 1976, the Bank opened its first branch office in Raynham Center.
Citing a first-half loss of $34 million in 1982, Rochester Savings Bank merged with Community Savings Bank the following year.
The bank remained relatively unchanged until 1991 when a new ownership group purchased the bank.
Since 1995, the Bank has been offering wealth management services to individuals, families, non-profit organizations and businesses of all sizes throughout Southeastern Massachusetts and northern Rhode Island.
In 1996, the Bank acquired the Jones Block next door and moved the headquarters there, keeping the original building on Broadway as its main banking office.
The continued success and stability of the Bank along with its longstanding commitment to give back to the communities it serves resulted in the establishment of the Bristol County Savings Charitable Foundation in 1996.
In 2018, the Bank merged with Riccardi Financial Group and Raymond James Financial Services to create Bristol Wealth Group.
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Community Savings Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First Bank of Manhattan | - | $2.9M | 18 | - |
| Mechanics Savings Bank | 1875 | $17.6M | 50 | 168 |
| Hancock County Savings Bank | 1899 | $20.0M | 99 | - |
| Naugatuck Valley Financial Corporation | 1922 | $45.0M | 160 | - |
| The First National Bank of Grayson | 1902 | $18.0M | 79 | - |
| F&M Bank | 1925 | $49.9M | 660 | 47 |
| Essex Savings Bank | 1851 | - | 85 | - |
| Ballston Bancorp | - | $20.2M | 6 | 25 |
| Peoples Trust Company | 1886 | $12.4M | 78 | - |
| Fidelity Bancorporation | - | $41.0M | 249 | 66 |
Community Savings Bank history FAQs
Zippia gives an in-depth look into the details of Community Savings Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Community Savings Bank. The employee data is based on information from people who have self-reported their past or current employments at Community Savings Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Community Savings Bank. The data presented on this page does not represent the view of Community Savings Bank and its employees or that of Zippia.
Community Savings Bank may also be known as or be related to COMMUNITY FINANCIAL CORP, Community Financial Corp. (Edgewood, IA) and Community Savings Bank.