Cape Ann Savings Bank is a bank based in Gloucester, Massachusetts, established in 1846, with $1.1 billion in total assets across 4 branches. By Trust Grade it ranks 7th of 91 banks we track in Massachusetts. Its capital ratio of 20.1% is stronger than 98% of similarly sized banks, versus a Massachusetts median of 10.2%. It was profitable over the most recent period, with a 1.22% return on assets. No consumer complaints against Cape Ann Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Cape Ann Savings Bank compares to Massachusetts peers
How we graded Cape Ann Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (20.1% capital ratio)
- Strongly profitable (ROA 1.22%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Cape Ann Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 109 Main St, Gloucester, MA 01930
- 247 Main St, Rockport, MA 01966
- 17 Beach St, Manchester, MA 01944
- 4 School House Rd, Gloucester, MA 01930
Are deposits at Cape Ann Savings Bank insured?
Yes. Cape Ann Savings Bank is an FDIC-insured bank (FDIC certificate #90203). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Cape Ann Savings Bank: frequently asked questions
Is Cape Ann Savings Bank a good bank?
Cape Ann Savings Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (20.1% capital ratio); Strongly profitable (ROA 1.22%).
Is Cape Ann Savings Bank FDIC-insured?
Yes. Cape Ann Savings Bank is a FDIC-insured bank (FDIC certificate #90203). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Cape Ann Savings Bank?
Cape Ann Savings Bank holds $1.1 billion in total assets, ranking 7th of 91 banks we track in Massachusetts. It operates 4 branches.
Does Cape Ann Savings Bank have CFPB complaints?
No CFPB complaints against Cape Ann Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
