Friday, January 22, 2016

Hingham Institution for Savings: Hingham’s Oldest Financial Institution

Acknowledged as one of the oldest continuously operating banks in the United States, Hingham Institution for Savings is considered as the oldest financial institution in Hingham. The institution has been around since 1834 and continues to operate as a full service community bank.

Serving more than 20,000 customers in the state of Massachusetts,  Hingham Institution for Savings operates 11 bank branches and offers a wide range of financial services. The company has assets amounting to over $1.7 billion. It continues to attract deposits from customers, businesses and institutions and use the pooled funds to finance its lending activities. The product portfolio of the company includes Savings and Certificate of Deposits, payment products, courier services and commercial loans. Their operations cover the areas in South Shore, the South End of Boston and Beacon Hill and as well as in Nantucket.

The company remains publicly traded on the NASDAQ Global Market. It market its shares using the ticker symbol HIFS.

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