Cape Ann Savings Bank
Cape Ann Savings Bank, headquartered in Gloucester, Massachusetts, is a mutual savings bank founded in 1846. The firm provides retail banking, trust, investment, and fiduciary services, serving individuals and families throughout Cape Ann and surrounding areas. With over 175 years of continuous operation and approximately $900 million in assets, the bank aims to deliver safe, sound financial stewardship. It employs an experienced staff dedicated to community prosperity and personalized customer service.
Investment Strategy
Cape Ann Savings Bank adopts a conservative, community-focused approach, emphasizing prudent management of client assets, traditional savings, lending, and trust services. The bank's trust and financial services arm follows fiduciary standards, offering estate planning, investment management, and retirement planning tailored to the individual needs of local families and businesses. Their investment philosophy is rooted in stability, long-term growth, and meeting the best interests of clients and depositors.
Top Holdings
Equity Positions (107)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
E EFA | ISHARES MSCI EAFE ETF | 11.04% | $20.7M | 221,518 | $75.33 | $93.37 | +$1.7M |
I IJH | ISHARES CORE S&P MID-CAP 400 ETF | 8.66% | $16.2M | 248,462 | $46.36 | $65.26 | +$245.8K |
I IVV | ISHARES S&P 500 | 6.62% | $12.4M | 18,513 | $473.37 | $669.30 | +$219.9K |
I IAU | ISHARES GOLD TR | 5.76% | $10.8M | 148,248 | $33.87 | $72.77 | +$1.3M |
A AAPL | APPLE INC | 4.67% | $8.7M | 34,362 | $138.98 | $254.63 | +$2.1M |