Marlborough Savings Bank was incorporated on April 10, 1860 on the eve of the Civil War. The bank was started by local shoe barons as a way for their factory workers to practice thrift. At the time we began, commercial banks were strictly for businesses and wealthy individuals, and "Savings Banks" allowed people of limited means to start saving, often with as little as 5 cents in an account. Our first office was on the corner of Mechanic and Gay Streets, in a building shared with the old First National Bank of Marlborough. As we grew, we moved into our own quarters in the brownstone that still stands at Mechanic and Winthrop Streets, and continued to expand to the offices that we have now.

Beginning in the late 1960's the banking rules began to change and Savings Banks were allowed to become involved in more than savings accounts and home mortgages. Over time we added various savings options, personal loans, business loans and now investment services. And through years of growth we've maintained the value of strong roots in Marlborough, combined with the ability to change and expand as the needs of our customers change.