About Us


As with any project, a strong foundation is the basis for future growth. Founded in 1854, The Lowell Five Cent Savings Bank’s history is rooted in a commitment to community. Our story begins at a time when there were only five banks in the City of Lowell, none of which would accept a deposit of less than $1.00. With the average mill worker earning far less than a $1.00, a group of Lowell businessmen and public servants, including Reverend Horatio Wood and Judge Nathan Crosby decided to start a bank that would serve the community and pay interest on deposits as little as 5 cents. The Lowell Five Cent Savings Bank received its first deposit on April 12, 1854.

Today, the Lowell Five has over 200 employees throughout 16 locations in the Merrimack Valley and Southern New Hampshire. We carry on the legacy of Reverend Horatio Wood and Judge Nathan Crosby as we strive to constantly offer exceptional banking products and customer service. We pride ourselves on providing superior financial products and services to individuals, families, businesses, non-profits and municipalities. The Lowell Five is insured with both the Federal Deposit Insurance Corporation and the Depositors Insurance Fund.

President, Reverend Horatio Wood

Vice President, Judge Nathan Crosby