A Message from President & CEO Peter Alden: Your Money is Safe and Secure with Bay State Savings Bank.

March 13, 2023

Recent financial industry news has many people wondering if their deposits are safe, which is why we want to remind you that when you bank with Bay State Savings Bank, your money is safe and secure.

As a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF), we are able to insure 100% of our customers deposits, without limit or exception. All types and classes of deposit accounts, both personal and business, are covered including savings accounts, checking accounts, certificates of deposit (CDs), money market deposit accounts, and retirement deposit accounts.

No depositor has ever lost a penny in a bank insured by both the FDIC and DIF.

Since 1895, Bay State Savings Bank has abided by fundamental principles which include service, excellence, and trust. We’ve helped generations of families grow and prosper for the last 128 years and are confident in our ability to continue leading our customers to brighter and financially sound futures for many years to come.

Click here to watch my video message.

If you have any questions, I can be reached at (508) 890-9014. You can also speak to any of our branch managers or your personal banking contact.


Peter Alden, President & CEO