Winchester Savings Bank is a Massachusetts-chartered community savings bank founded in 1871, headquartered in Winchester, MA, with four additional branches in the Boston suburbs. The bank takes deposits from local residents and businesses and lends that money out primarily as real estate loans. At June 30, 2025, the loan portfolio totaled $754M, heavily concentrated in real estate: one-to-four-family residential mortgages (47% of loans), multi-family real estate (22%), commercial real estate (14%), and construction loans (13%), with home equity, commercial business, and consumer loans rounding out the remainder. The bank serves retail customers and small businesses in eastern Massachusetts, primarily Middlesex and Essex counties, generating most loan originations through its own loan officers and referrals from local professionals. Winchester Savings Bank earns money the traditional way — borrowing cheaply through deposits and lending at higher rates. Deposits totaling $679M are the primary funding source, split between lower-cost core deposits (58%) and certificates of deposit (42%), supplemented by Federal Home Loan Bank of Boston advances of $147M. The loan book is largely adjustable-rate, with roughly 69% of loans due after June 2026 carrying floating rates. In April 2025, the bank reorganized into a mutual holding company structure, raising ~$40M through a public stock offering, with shares now trading on NASDAQ under "WSBK." Management intends to use the holding company structure to pursue acquisitions of banking and financial services companies over time.