Bank · FDIC insured
Cape Ann Savings Bank
A $1.1B bank headquartered in Gloucester, MA, with 4 branches in Massachusetts. Best rates: CDs 4.18% and savings 0.50% APY.
Cape Ann Savings Bank Carrot Score
80
Carrot Score
Higher than 53% of U.S. banks and credit unions
#57 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Cape Ann Savings Bank
Founded in 1846, Cape Ann Savings Bank operates as a mutual savings bank.
Established by three local residents to serve neighbors throughout Cape Ann, it opened its first branch in Gloucester on May 9, 1846.
The bank serves customers across Gloucester, Rockport, and Manchester-by-the-Sea.
- Headquarters
- 109 Main St, Gloucester, MA 01930
- FDIC certificate
- 90203 ↗
Branches
4 branches in Massachusetts
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Massachusetts
4 branches
- Cape Ann Savings BankMain office109 Main St, Gloucester, MA 01930Directions
- Gloucester Crossing Branch4 School House Rd, Gloucester, MA 01930Directions
- Manchester Branch17 Beach St, Manchester, MA 01944Directions
- Granite Branch247 Main St, Rockport, MA 01966Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 20.48% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.59% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.72% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $91 | $88 | — |
- CapitalLeverage ratio20.48%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.59%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.72%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$91Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Cape Ann Savings Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.