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Middlesex Savings Bank was formed in 1982 with the merger between Middlesex Institution for Savings in Concord, Massachusetts and Natick Five Cents Savings Bank in Natick, Massachusetts.

Middlesex Institution for Savings was incorporated in 1835 to serve the town of Concord. As Concord grew, Middlesex Institution grew. In 1960, the Bank established an Acton branch to serve the northwestern sections of Middlesex County. In 1970, a second branch location in West Concord was established, and, in 1977, the Bank opened a branch in Westford.

The Natick Five Cents Savings Bank was opened in May of 1859. The Bank opened its first branch in the Natick Mall in 1966. A second branch was established in 1975 in the Cochituate section of Wayland, and a third branch was established in 1978 in Ashland.

The merger of the two mutual savings banks occurred in February, 1982, and has continued to be a successful, amiable venture since its inception. The Plan of Merger provided that the two banks would merge under the charter of Middlesex Institution for Savings and operate under the name of Middlesex Savings Bank. The main office of the continuing bank would be that of Natick Five Cents Savings, located at 6 Main Street in Natick.

The financial strength of the consolidated Bank would allow for maximum service to customers consistent with high rates of return to depositors. Also, it would provide the Bank with a strong management team capable of meeting the increasingly complex banking environment and expanding consumer service needs.

In February, 1988, Middlesex Savings Bank, with assets of $450 million and nine offices, merged with Assabet Institution for Savings, with assets of $90 million and four offices. It was a natural fit because both banks shared common goals - dedication to personal service, a genuine commitment to the communities they serve and a real neighborly approach to banking. The new bank had combined assets in excess of $500 million making it the fourth largest mutual savings bank in the Commonwealth of Massachusetts.

In the fall of 1988, Middlesex Savings Bank extended its branching efforts by opening an office in Millis, giving the Bank a physical presence in Norfolk County.  With the failure of ComFed in 1991, Middlesex Savings Bank was able to acquire its Framingham branch. The Holliston and Hopkinton offices were formerly part of the failed Bank for Savings in Malden. Middlesex Savings Bank acquired them in the fall of 1992 with approximate deposits of $23 million and $33 million, respectively.

Beginning in the mid-1990s Middlesex Savings Bank's branch network grew at an average of one branch per year while we added branches in Sudbury, Wellesley, Southborough, Groton, Littleton, Medfield, and Needham.

Middlesex Financial Group was introduced in 2000 and offers investment products to meet the complex and sophisticated financial needs of our customers. 

After a short break between new branches, Middlesex Savings Bank embarked on a large branch expansion plan in 2006.  In January of 2006 the Boxborough branch opened, becoming the only full-service banking institution in the town.  Following Boxborough, Middlesex Savings Bank opened a second branch in Framingham, located at 235 Old Connecticut Path, and a branch at 186 The Great Road in Bedford.  Most recently, we opened a third branch office in Framingham, located at 598 Worcester Road, on Route 9 eastbound. 

Middlesex Savings Bank is now $3.3 billion in assets with 25 branch locations, and has built a reputation of conservative soundness that has served its customers and communities well. As a member in each of these communities, the Bank strives to create a better place to live, work, and prosper.