Bay State Savings Bank is a bank based in Worcester, Massachusetts, established in 1895, with $585 million in total assets across 7 branches. By Trust Grade it ranks 70th of 91 banks we track in Massachusetts. Its capital ratio of 8.8% trails most similarly sized banks (25th percentile), versus a Massachusetts median of 10.2%. It was profitable over the most recent period, with a 0.40% return on assets. No consumer complaints against Bay State 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 Bay State Savings Bank compares to Massachusetts peers
How we graded Bay State Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.8% capital ratio)
- Profitable (ROA 0.40%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Bay State Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (7)
- 28 Franklin St, Worcester, MA 01608
- 374 Burncoat St, Worcester, MA 01606
- 275 Mill St, Worcester, MA 01602
- 628 Main St, Holden, MA 01520
- 123 Auburn St, Auburn, MA 01501
- 799 Grafton Streeet, Worcester, MA 01608
- 50 Boston Tpke, Shrewsbury, MA 01545
Are deposits at Bay State Savings Bank insured?
Yes. Bay State Savings Bank is an FDIC-insured bank (FDIC certificate #90311). 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.
Bay State Savings Bank: frequently asked questions
Is Bay State Savings Bank a good bank?
Bay State Savings Bank earns a Bankzia Trust Grade of B (89/100, "Strong"), based on a financial-strength score of 89/100 (it has no CFPB complaints on record). Well-capitalized (8.8% capital ratio); Profitable (ROA 0.40%).
Is Bay State Savings Bank FDIC-insured?
Yes. Bay State Savings Bank is a FDIC-insured bank (FDIC certificate #90311). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Bay State Savings Bank?
Bay State Savings Bank holds $585 million in total assets, ranking 70th of 91 banks we track in Massachusetts. It operates 7 branches.
Does Bay State Savings Bank have CFPB complaints?
No CFPB complaints against Bay State 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.
