Our history

A century and a half of service, support and strength.

On March 10, 1868, Webster Five opened for business with 20 deposits made at our first location on Main Street in Webster, MA. Two years and 710 depositors later, the bank moved to a larger space down the street where we could better serve our growing customer base.

As the community grew, so did the bank. And throughout the 20th century, Webster Five saw significant success, while also enduring the Great Depression. During the postwar housing boom, many area residents came to Webster Five for mortgages, loans and savings accounts. Local businesses also relied heavily on the bank during this time of commercial and community growth.

In 1954, our headquarters became the iconic red brick building at 290 Main Street. After we opened our new headquarters on Thompson Road in 1980, 290 Main Street became our downtown office and remained a nostalgic icon in Webster until closing its doors in 2009. To better serve the needs of surrounding communities, Webster Five opened branches in Oxford and Dudley during the 1960s and 1970s, and has since expanded to Auburn, Worcester and Shrewsbury.

Strengthening our position as a financial leader in the community, Webster Five was one of the first banks in Massachusetts to start offering NOW checking and a totally free checking account. As we embrace the changing needs of our customers, we have adopted online banking and enhanced technology to make banking easier and more convenient.

Today, supported by our solid history and secure financial base, Webster Five has a reputation for outstanding personal service, community support and fiscal strength. In addition, our expanded branch network has made it more convenient than ever for area residents and businesses to bank with us.