Dukes County Savings Bank
Dukes County Savings Bank
Main,
Edgartown, MA 02539
Phone:(508) 627-4266
On November 1, 2007, the banking operations of Dukes County Savings Bank and The Martha’s Vineyard Co-operative Bank combined to become the Martha’s Vineyard Savings Bank, an independent mutual savings bank headquartered in Edgartown, Massachusetts.
Established in 1955, Martha’s Vineyard Savings Bank is the last mutual savings bank created in Massachusetts. However, the Bank traces its financial roots back to 1909 when a group of people dedicated to the Island introduced co-operative banking to Martha’s Vineyard.
The Bank expanded cautiously during the great depression and the war years, thus escaping the impact of the recessions that followed. Blossoming during the expansive 1950s, the Bank’s footprint grew to include branch offices and ATMs located throughout island towns. In 1956 the Bank introduced children to banking by offering school based savings programs and a branch lobby window dedicated to children’s transactions to help teach the value of savings money. On September 13, 1957, the first school banking day, nearly 500 students made deposits and opened accounts. Several thousand children have been introduced to banking through this successful program since it began.
Copyright © 2009 Martha's Vineyard Savings Bank.
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