TruNorth Bank
Headquartered in Peabody, MA. Part of Hometown Financial Group Mhc. FDIC certificate #26484 · Federal Reserve RSSD 161273.
Total assets
$3.3B
Deposits
$2.7B
Q1 2026
Active branches
30
Closings since Jan 2020
5
1 openings since Jan 2020
Financial snapshot — Q1 2026
All quarters →Net income (quarter)
$10M
Return on assets
1.27%
Return on equity
8.56%
Noncurrent loan rate
0.47%
Deposits by year (Summary of Deposits)
12019
12020
12021
12022
12023
12024
22025
Values in $ billions, June 30 of each year.
Closings by year
22020
22021
12024
Openings by year
12020
Other network changes since 2020
- 1 branch relocations
- 15 branches acquired through purchases or mergers
- February 6, 2026: legal name changed from “North Shore Bank, a Co-operative Bank” to “TruNorth Bank”
Branches by state
Recent closings
- 254 CABOT ST · closed September 20, 2024
- 167 WASHINGTON ST · closed February 25, 2021
- 63 DODGE STREET · closed January 1, 2021
- 489 LINCOLN AVENUE · closed December 31, 2020
- 29 ELM STREET · closed March 13, 2020
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.trunorthbank.com.