About Hingham Institution for Savings
A legacy of community spirit
Neighbors helping neighbors is the cornerstone of our success within the communities we serve. We've had the privilege of providing banking services to the communities of the South Shore for more than 175 years.
Hingham Institution for Savings first opened its doors for
business in 1834. Deposits were accepted at David Harding's store on North
Street on the last Saturday of the month from 10:00-12:00. On the Bank's first
day, 57 people came to deposit a total of $2,430.00. The first depositor was
Abiel Cudworth, Jr. of Scituate who deposited $60.00 followed by Daniel Basset
who later became Bank president. In an article published by the Hingham Gazette
on the opening day of the Bank, our founders explained their reasons for establishing
a savings bank: "Parents, by making their children depositors, can
teach them the advantages of savings habits and lessons of economy which may
be remembered throughout life."
As we have grown, we have remained committed to expanding our resources right
here on the South Shore, adding branches in Hull, South Hingham, Cohasset,
North Scituate, and South Weymouth, and most recently, a drive-up teller and
ATM service in Hingham Square.
We continue to build upon our reputation as a fair and well-respected
community bank serving nearly 30,000 customers throughout the South Shore.
Our products and services share a single mission. Whether the account relationship
is a personal or commercial real estate loan, a non-profit concern, or a child's
savings account, we are consistently forthcoming in our commitment. We believe
in strong and vibrant communities and the building blocks that create them:
personal service, sound business leadership and community spirit.
Copyright 2007 Hingham Institution for Savings. All rights reserved. Member FDIC/Member DIF FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. Hingham Institution for Savings has chosen not to participate in the FDIC's Transaction Account Guarantee Program. Customers of Hingham Institution for Savings with noninterest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC's general deposit insurance rules. All deposits above this amount are insured by the Deposit Insurance Fund.
