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Middlesex Savings Bank

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Middlesex Savings Bank Company Research Report



Company Overview



Name and Mission


  • Company Name: Middlesex Savings Bank

  • Mission: Providing financial support to individuals and businesses with personalized services and local decision-making.


Founding and Key People


  • Founded: No information is available.

  • Founders: No information is available.

  • Key People: No information is available.


Headquarters


  • Location: Natick, Massachusetts


Workforce


  • Number of Employees: No information is available.


Financials


  • Revenue: No information is available.


Recognition


  • Known For: Being a mutual bank offering a wide range of banking solutions including checking accounts, savings accounts, certificates of deposit (CDs), personal loans, mortgages, and commercial lending services.


Products



Overview of Product Offerings


  • Checking Accounts: Personal and business checking services.

  • Savings Accounts: Options designed to help individuals build a financial foundation.

  • Certificate of Deposit (CDs): Offers competitive rates with a variety of term options.

  • Personal Loans: Affordable financing options for individuals, including auto loans and personal loans.

  • Mortgages: Competitive rates on fixed and adjustable mortgage options.

  • Commercial Lending: Services tailored to meet small business banking needs.


Key Features


  • Certificates of Deposit: Offers a competitive Annual Percentage Yield (APY) of 4.25% for 3-5 month terms.

  • Home Equity Line of Credit (HELOC): Available at Prime minus 0.5%, currently 7.50% APR.

  • Small Business Banking: Personalized service and local decision-making to address unique business needs and challenges.


Recent Developments



New Initiatives and Community Engagement


  • Charitable Contributions: Middlesex Savings Charitable Foundation awarded $20,000 to a local nonprofit leader as the 2024 John R. Heerwagen Award recipient.

  • Community Grants: Donated $308,825 to 18 local nonprofits as part of its annual grant-making program.


Product and Service Enhancements


  • No information is available regarding new product launches or feature additions to existing products.


Partnerships


  • No information is available regarding new partnerships.


Comments on Strategy


  • No information is available regarding strategic shifts or future company directions.


This concludes the report on Middlesex Savings Bank, with a focus on the relevant company details and current market activities as derived from the available data.