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About Us
 

Mission Statement

Building Lifelong Banking Relationships… One Customer at a Time.

At South Shore Savings Bank, a true community bank, building relationships is our mission. Instead of simply selling a product or service, we aim to develop a complete financial relationship with our customers.  

We do this by offering you superior customer service, along with a wide range of personal and business banking products and the latest technology and security features. By helping you achieve your financial goals, we help you reach your overall goals and live a better life. South Shore Savings Bank is a mutual bank, which means that we are committed to the needs of our customers rather than the demands of investors.

South Shore Community Involvement

Not only do we aim to build strong, lifelong relationships with our customers but also with the South Shore community as a whole. Serving our community is one of the foundations of South Shore Savings Bank.

As an institution that has been in business for over 175 years, we have a strong relationship with the South Shore community and we feel a personal responsibility to contribute to its well being.  

 

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Your Deposits are Insured in Full
All deposits at South Shore Savings Bank are insured in full. Each depositor is insured by Federal Deposit Insurance Corporation (FDIC) to at least $250,000. All deposits above the FDIC insurance amount are insured by Depositors Insurance Fund (DIF).

"NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.