About Us

Newburyport Five Cents Savings Bank is a mutual savings bank founded in Massachusetts in 1854. Newburyport Bank prides itself on its product offerings and exceptional customer service. As a local community bank, not only are we in the community, but we are part of it. Since inception, our commitment to give back to the communities we serve, and improve their quality of life is unwavering. Words commonly used to describe us: Enjoyable, Compassionate, Welcoming, Appreciative, Perseverance, Family.

Annual Report >

Bank History >

June 19th, 1854, Newburyport Five Cents Savings Bank opened its doors for business. The mutual savings bank, founded in Massachusetts, set out with the mission to help the youth save for their future. As the name implies, deposits as small as five cents could be made to the Bank. This was significantly lower than surrounding banks at the time that averaged minimum deposits of $1-$3 dollars. Soon, Newburyport Five Cents Savings Bank became known as the Children's Bank. Our founding roots still run strong in our business practices today.

The main office was originally located on 42 State Street, Newburyport, MA. Within six years the main office made its first move to 53 State Street. As the years progressed, the location moved twice more up State Street to 74 State, and to its present location of 63 State Street in 1928. In the early 1970's, Branch locations began to spread throughout the Greater Newburyport area. In 2013, the Bank expanded to Newburyport's sister city, Portsmouth, NH with two locations.

Though our business hours have changed from the first day we opened our doors (10 am -1pm daily and 6pm-8pm on Saturday evenings), our commitment to the communities we serve is unwavering. As a part of the community, it is our responsibility to give back and improve the quality of life for all those who call these communities home. We pride ourselves in delivering products and services to meet your individual needs, being approachable as your personal banker, building relationships with each of our customers.

Stop in and visit one of our locations today to join our family. Bank at Newburyport's finest community bank that will be here for years to come.

Executive Management >

Lloyd Hamm, Jr.
President and CEO

Lloyd was elected President in March of 2018. Previously, he served as the President and CEO of Homefields Credit Union as well as the COO and Dean of the business school at Anna Maria College. Lloyd also had 26 years of management service at Eastern Bank where he focused on business line management and development, technology, operations and administration. Lloyd received his B.A. in Biology as well as his M.B.A. from Anna Maria College and holds a CSS in Quantitative Studies from Harvard University's Extension School.  He has also completed programs at Stonier Graduate School of Banking and The Center for Creative Leadership and The General Management Program at Harvard Business School. Lloyd lives with his wife and children in Newmarket, NH and is an avid traveler.

James L. Thompson, III
Executive Vice President - Senior Lending Officer

Jamie comes to the bank with over 28 years of commercial lending experience in and around New England.  His focus has always been on developing new business while providing superior customer service to existing customers and he specializes in community relationship banking.  Jamie is experienced in many areas of commercial lending including: hospitality lending, loan workout, small business, low income housing tax credit loans and commercial construction lending.  An active community member, Jamie devotes his time to Rotary, non-profit boards, Chambers of Commerce, youth sports and activities and is his church's financial clerk.  When not working or volunteering, Jamie enjoys spending time with his family at their home in Newfields, N.H.

Timothy L. Felter
Senior Vice President - CFO/Treasurer

Prior to joining the bank in March of 2011, Tim served as the CFO/Treasurer and Senior Vice President at the First National Bank of Ipswich. His responsibilities included all aspects of the financial operations including financial and tax reporting, investment portfolio management, shareholder relations, asset/liability management, and insurance. His extensive banking and financial management experience also includes holding several senior management positions at Riverbank, Shawmut Bank, N.A., and Pioneer Financial, a Cooperative Bank, as well as working as an Auditor for Arthur Andersen & Co. Tim received his B.S. in Accountancy from Bentley University and is a Certified Public Accountant. Tim and his family reside in Newburyport. He also spends times in the community serving as the Treasurer of Newburyport's Custom House Maritime Museum and Treasurer of the Essex National Heritage Commission.

Testimonials >

Jane Harris-Fale, Opportunity Works, Newburyport, MA

David & Elisa Gerasin, Kittery, ME

Bob & Joyce Hartigan, Bob Lobster Owners

Daniel Phelps, Proud Homeowner, Rochester, NH

Beth & Scott Berger, Happy Homeowners, Newburyport, MA

Brian Fecteau, Amesbury Chevrolet Owner

Rob Carty, Principal. TMS Architects, Portsmouth, NH

Happening Now >

Coming Soon

Mission Statement & Core Values >


The mission of Newburyport Five Cents Savings Bank is to provide to people and businesses in its banking area the financial services they desire. To carry out its mission the Bank must and will:

  1. Remain a financially strong, independent, mutual savings bank by profitably delivering these services to the community and continually adapting to change;
  2. Be highly competitive through a highly trained, motivated and efficient staff whose compensation, benefits and advancement opportunities reflect their enthusiasm, commitment and dedication to providing exceptional customer service in a highly ethical and professional manner; and
  3. Be committed to supporting and enhancing the quality of life in its market area through the philanthropic efforts of the Bank and volunteerism by its employees.

Core Values

We will treat customers, co-workers and community members with respect, fairness and an unwavering commitment to a high standard of integrity and professionalism.