1846The Cape Ann Savings Bank was incorporated.Economy and Industry, Local Businesses

Cape Ann Savings Bank, c. 1865. Cape Ann Museum Library & Archives, Photo 14534
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The bank was founded by three local residents including a physician, a scholar, and a businessman to serve the community. It was located on the second floor of 56 Front Street (what is now 51-53 Main Street), near the spot where a lane led down to Boynton’s Coal Wharf.

In 1864, the bank occupied a granite building brought from Boston.

Pringle, James R. History of the Town and City of Gloucester, Cape Ann, Massachusetts. Published by the City of Gloucester Archives Committee and the Ten Pound Island Book Co., 1997. Community Bank Gloucester MA | Cape Ann Savings Bank. https://www.capeannsavings.bank/About-Us#History.
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