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Our Story

As a state-chartered savings bank incorporated in 1835, Bank of Canton has been a steward of the financial health and well-being of our customers and the Commonwealth of Massachusetts for 174 years.  As a mutual bank, we have no stockholders and pay back profits to our customers in the form of better interest rates, lower fees, personalized service, and a vast array of financial products and services.

For more than 160 years, we maintained our entire operation in one full-service branch location in Canton.  Over the past twelve years, we have experienced significant growth.  Since 1997, we have quadrupled the amount of assets held at the Bank to $800 million and significantly expanded our branch and office footprint from Worcester to Cape Cod through the addition of five full-service branch offices and three mortgage centers.

True to our tradition as a mutual bank, we devote the majority of our assets towards supporting the home mortgage and commercial borrowing needs of our community.  In particular, our aggressive residential lending growth strategy in recent years has yielded significant results for our institution.  In 2008, we increased our residential mortgage loan originations by more than 50%, to $340 million, and earned the honor of being named the top lender throughout the Commonwealth in originating Massachusetts Housing Finance Agency (MassHousing) loans.  In 2008, we were also very proud to be named the top originator of MassHousing mortgage loans to minorities for the third consecutive year.

Even during this period of significant growth, Bank of Canton has remained committed to providing our customers with a safe, sound and secure place to bank and our communities with quality of life improvements through financial support for local non-profit organizations.  As part of our commitment to safety, Bank of Canton is proud to insure all of your deposits in full through the FDIC (Federal Deposit Insurance Corporation) and the DIF (Depositors Insurance Fund) of Massachusetts. The FDIC insures up to $250,000 of non-retirement deposits per depositor (increase recently passed into law and in effect until 12/31/09) and $250,000 of self-directed retirement deposits per depositor. All deposit amounts above the FDIC limits are insured in full by the DIF.

Each year, we donate considerable funds and provide volunteer support to hundreds of local charities and organizations. During 2008, we are proud to announce that the Bank donated more than $130,000 to organizations and causes that enrich our communities.  Here are a select few organizations that recently received financial support:

Artbarn Community Theater Autism Speaks Brookline Senior Center Canton Food Pantry Canton Little League Caritas Communities, Inc. Housing Assistance Corporation on Cape Cod Interfaith Social Service Massachusetts Hospital School My Brother’s Keeper Neighborhood Housing Services of the South Shore Neponset Valley Philharmonic Orchestra

New England Shelter for Homeless Veterans New England Sinai Hospital Old Colony Hospice Quincy Asian Resources, Inc. Quincy Medical Center Randolph Community Partnership Randolph Public Schools Sandwich Little League South Shore Mental Health South Shore YMCA Special Olympics of Massachusetts The Good Shepherd’s Maria Droste Services

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Transaction Account Guarantee Program: Bank of Canton has elected to participate in the FDIC's Transaction Account Guarantee Program. Under that program, through June 30, 2010, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Please note that Municipal N.O.W. Accounts do not meet the FDIC definition of a "non-interest bearing account", and, as such, are not included in the Transaction Account Guarantee Program.

Investment products and services are offered through INFINEX INVESTMENTS, Inc. Member FINRA/SIPC. Insurance products are offered through Infinex Insurance Agency of Massachusetts, Inc. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.