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 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

SegerstromFor much of the past year, the Bank continued to work through pandemic-related issues, always with a focus on employee and customer safety. It seems that almost everything has been impacted, from staffing to facilities to sales efforts to customer service. While every organization has faced challenges, we are so proud of our crew of immensely dedicated employees who proved time and time again that we care deeply about our community, our customers, and each other. Growth on both sides of the balance sheet is evidence that we continue to successfully navigate whatever comes our way.

2021 was a year of exciting milestones for Winchester Savings Bank. We celebrated 150 years as a local, independent bank. We also recognized the amazing tenure of Peter J. Segerstrom, President & CEO for 33 years and faithful employee even longer than that. His retirement was a watershed moment for the Bank, and I am honored to take up the reins and guide us into the next 150 years.

I see a great future for Winchester Savings Bank. Our team is talented, disciplined, and motivated, and we are building on the tremendous foundation already in place. We are excited to show what we can do.

As always, we are proud to be a local bank with a strong financial foundation, a tradition of exceptional service and a legacy of community involvement and support. For 150 years, Winchester Savings Bank has been an excellent place to keep your money safe; to speak with friendly, knowledgeable experts about financing a home, saving for the future, and guiding your business; and to access services that offer both value and convenience. You will always find someone here who will work with you to explore your options and help you make smart financial choices.

All of us here at Winchester Savings Bank wish you a healthy and prosperous 2022.

John A. Carroll
President and CEO

Statements of Condition

Statements of Condition

The Statement of Condition document represents the financial position of Winchester Savings Bank. For questions, please contact us.

Statement of Condition 2021

Statement of Condition 2020

Statement of Condition 2019

Statement of Condition 2018

Statement of Condition 2017

Statement of Condition 2016

Statement of Condition 2015

Statement of Condition 2014

Statement of Condition 2013

Statement of Condition 2012

Statement of Condition 2011

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