Northbrookfield Savings Bank: Your Trusted Financial Partner for Over 100 Years

About Northbrookfield Savings Bank

Northbrookfield Savings Bank (NBSB) is a community-based mutual savings bank with a rich history of serving individuals and businesses in the Greater Worcester area for over a century. Founded in 1889, NBSB has earned a reputation for financial strength, exceptional customer service, and a deep commitment to its communities.

As a mutual savings bank, NBSB is owned by its depositors, not by outside shareholders. This unique structure allows us to focus on the long-term interests of our customers and the communities we serve.

Our Mission

NBSB is dedicated to providing convenient and affordable financial services that meet the evolving needs of our customers. Our mission is to:

• Empower individuals and families to achieve their financial goals
• Support businesses by providing access to capital and financial advice
• Foster economic growth and prosperity in our communities

Why Choose Northbrookfield Savings Bank?

With a wide range of financial products and services, NBSB is a one-stop destination for all your banking needs. Here are a few reasons why you should choose us:

• Competitive interest rates: We offer competitive interest rates on our deposit accounts, helping you grow your savings while keeping your money safe.
• Low fees: We believe in transparent and affordable banking. Our fees are consistently lower than many other banks, saving you money.
• Personalized service: Our dedicated relationship managers take the time to understand your financial goals and provide personalized advice.
• Financial education: We offer free financial education resources and workshops to help you make informed financial decisions.
• Community involvement: NBSB is deeply rooted in the communities we serve, supporting local businesses, schools, and charitable organizations.

Our Products and Services

We offer a comprehensive suite of financial products and services to meet the needs of individuals, families, and businesses:

• Personal Banking: Checking accounts, savings accounts, money market accounts, certificates of deposit
• Business Banking: Business checking accounts, business loans, lines of credit, merchant services
• Mortgage Lending: Home loans, refinancing, construction loans, home equity loans
• Insurance Services: Life insurance, disability insurance, property insurance
• Investment Services: Mutual funds, IRA accounts, investment advice

Our Commitment to Financial Strength

At NBSB, financial strength is our top priority. We maintain a strong capital position and follow conservative lending practices. We are also a member of the Federal Deposit Insurance Corporation (FDIC), which insures deposits up to $250,000.

Our Financial Highlights:

• Assets: $1.2 billion (as of December 31, 2021)
• Deposits: $980 million (as of December 31, 2021)
• Capital: $120 million (as of December 31, 2021)
• Tier 1 Capital Ratio: 11.5% (as of December 31, 2021)

Our Community Involvement

NBSB is committed to giving back to the communities we serve. We actively support local businesses, schools, and charitable organizations. Our employees volunteer their time and resources to make a positive difference in the lives of others.

Awards and Recognition

NBSB has been recognized for its financial strength, customer service, and community involvement. Some of our recent awards include:

• 5-Star Superior Rating from BauerFinancial: This rating is based on a comprehensive analysis of our financial health and performance.
• Reader's Choice Award for Best Bank: This award was voted on by readers of the Worcester Business Journal.
• Corporate Philanthropy Award: This award recognizes NBSB's outstanding contributions to the community.

Tips and Tricks for Banking with Us

• Use our mobile banking app: Manage your accounts, pay bills, and transfer funds conveniently from your smartphone.
• Sign up for eStatements: Save paper and streamline your recordkeeping by receiving your statements electronically.
• Open a money market account: Earn higher interest rates on your savings while still having easy access to your funds.
• Take advantage of our financial education resources: Learn about personal finance, investing, and more through our free workshops and online materials.
• Talk to a relationship manager: Our experienced bankers are here to help you achieve your financial goals.

Stories and Learnings

Story 1:

• Customer: Sarah, a young professional
• Challenge: Saving for a down payment on a home
• Solution: Opened a savings account with NBSB and took advantage of our competitive interest rates.
• Learning: Using a savings account with a high interest rate can significantly accelerate your savings goals.

Story 2:

• Customer: John, a small business owner
• Challenge: Needed capital to expand his business
• Solution: Applied for a business loan from NBSB and received personalized guidance from a relationship manager.
• Learning: Banks that understand the unique needs of small businesses can provide valuable support for growth.

Story 3:

• Customer: Mary, a retiree
• Challenge: Needed income to supplement her retirement benefits
• Solution: Opened a certificate of deposit (CD) with NBSB and earned a competitive interest rate on her investment.
• Learning: CDs can be a safe and effective way to generate additional income during retirement.

FAQs

Q: Is my money safe at NBSB?
A: Yes, your deposits are insured up to $250,000 by the FDIC.

Q: What are the fees for a basic checking account?
A: We offer a variety of checking accounts with different fee structures. Visit our website or contact a relationship manager for details.

Q: Can I apply for a mortgage loan online?
A: Yes, you can apply for a mortgage loan online through our secure website.

Q: Do you offer investment advice?
A: Yes, our relationship managers can provide personalized investment advice to help you achieve your financial goals.

Q: How can I contact NBSB?
A: You can visit our website, call us at 800-555-1212, or stop by one of our convenient branch locations.

Call to Action

Let Northbrookfield Savings Bank be your trusted financial partner for life. Visit our website, contact us today, or stop by one of our branch locations to learn more about how we can help you achieve your financial goals.

Together, let's grow your financial future.

Tables

Table 1: Personal Deposit Products and Rates

Table 2: Business Loan Products and Rates

Table 3: Mortgage Loan Products and Rates