Bay State Savings Bank
Seth A. Pitts is a seasoned financial executive with extensive experience in both banking and governmental roles. Currently serving as Chief Executive Officer and Executive Vice President - Chief Financial Officer at Bay State Savings Bank since May 2020, Seth also holds the position of Commissioner for the Trust Fund Commission in the City of Worcester since January 2019. Previously, Seth worked as a Financial Institution Risk Examiner at the Federal Deposit Insurance Corporation (FDIC) from 2014 to 2020, and served as Chairman of the Trust Fund Commission in Worcester from 2011 to 2014. Earlier in the career, Seth was an Area Lending Specialist with USDA Rural Development from 2009 to 2014. Educationally, Seth A. Pitts holds a Master's Degree in Finance from UMass Boston and a Bachelor of Science in Accounting and Finance from Worcester State University.
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Bay State Savings Bank
Our History Bay State Savings Bank's roots extend back to 1895, when 114 spirited citizens of Worcester gathered together and pledged a total of $7,660 to establish a new savings bank in the city. They made good on that pledge, and on May 16, 1895, Bay State Savings opened its doors for business on Main St. in Worcester. Our Vision Bay State Savings Bank strives to be the strongest, and most successful, independent community bank in our marketplace. As a local, mutually owned savings bank, we work to earn the trust and respect of our customers, the marketplace and our employees. We are known for our total commitment to our Mutual Values, which enables the Bank to remain strongly capitalized and to operate safely and profitably in our mutual form. Our Mission To Be the Community Bank of Choice. Thank you for visiting the official Bay State Savings Bank LinkedIn page. Be sure to review our Social Media Policy found on our website under the Resources tab, and enjoy your time on our Page!