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Home > Company Index > Banking > Banking - Northeast > Ipswich Bancshares, Inc.

Ipswich Bancshares, Inc.
Nasdaq: IPSW
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 PROFILE
Ipswich Bancshares is the holding company for Ipswich Savings Bank, which operates nearly 10 branches in Essex County in eastern Massachusetts. Residential mortgage loans account for more than 80% of the bank's loan portfolio. The bank also offers commercial real estate, construction, and home equity and other consumer loans. The bank offers a variety of traditional deposit products, including checking, savings, money market accounts, and certificates of deposit. Subsidiary Ipswich Preferred Capital Corporation operates as a real estate investment trust (REIT).

 COMPETITION
Eastern Bank Corporation (dossier)
FleetBoston Financial Corporation (FBF)
LSB Corporation (LSBX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 21.70
1-Yr. Sales Growth: 3.8%
Employees: 98
Revenue per employee: $221,428.57

 KEY PEOPLE
• David L. Grey
    CEO
• Francis Kenney
    CFO

 CONTACT INFO
23 Market St.
Ipswich, MA 01938
US
Phone: 978-356-7777
Fax: 978-356-9732
Online: Web Site

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