Bay State Savings Bank
Worcester, MA · Owner: 1895 MHC
$580M
total assets, June 30, 2026
$580M
total assets, June 30, 2026
Bay State Savings Bank is a state savings bank based in Worcester, MA, owned by 1895 MHC. As of June 30, 2026 it held $580.3 million in assets and $513.7 million in deposits; assets were up 4.9% from a year before. It has 7 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$580M
+4.9% in a year · -0.9% in a quarter
Deposits
$514M
+3.9% in a year · -2.0% in a quarter
Loans
$490M
+10.2% in a year · +3.8% in a quarter
Profit so far
$1.5M
Jan 1 to Jun 30, 2026 · +83.7% in a year
Capital ratio
8.82%
+0.02 pts in a year
Return on assets
0.51%
+0.22 pts in a year
Facts
- Type
- State savings bank
- Head office
- 28 Franklin St, Worcester, MA, 01608
- County
- Worcester
- Holding company
- 1895 MHC
- Established
- Mar 9, 1895
- Employees
- 84
- Branches
- 7
- Website
- baystatesavingsbank.com
- Id
- b90311
Quarter by quarter
December 31, 1985 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
7 offices as of June 30, 2026, holding $513.7 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Massachusetts | 7 | $514M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Bay State Savings Bank (main office) | Worcester, MA | $113M |
| Holden Branch | Holden, MA | $96.4M |
| Burncoat Street Branch | Worcester, MA | $85.2M |
| Minuteman Plaza Branch | Auburn, MA | $66.6M |
| Mill Street Branch | Worcester, MA | $64.4M |
| Grafton Street Branch | Worcester, MA | $57.1M |
| Shrewsbury Branch | Shrewsbury, MA | $31.0M |
Related pages
Questions and answers
How big is Bay State Savings Bank?
$580.3 million in total assets and $513.7 million in deposits as of June 30, 2026, with assets up 4.9% from a year before. Its loans were $489.7 million.
How many branches does Bay State Savings Bank have?
7 branches in Massachusetts as of June 30, 2026.
Is Bay State Savings Bank profitable?
Yes: it earned $1.48 million from January 1 to June 30, 2026 (up 83.7% from the same months a year before). Its return on assets was 0.51% a year; about 1% is typical.
Who owns Bay State Savings Bank?
Bay State Savings Bank is owned by 1895 MHC, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.