Company Information

Get to know Somerset Savings Bank

Established in 1861, Somerset Savings Bank is a state-chartered mutual savings bank headquartered in Bound Brook, New Jersey. As a mutual institution, it is owned by its depositors and operates with a mission to serve the financial needs of its local communities. The bank offers a comprehensive range of traditional banking products and services, including personal and business checking and savings accounts, certificates of deposit (CDs), IRAs, mortgages, home equity loans, and consumer loans, emphasizing personalized customer service and community involvement.

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Financial BankingPRIMARY
Financial Other Service

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Somerset Savings Bank

United States

Founded in

1887 (139 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.