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About Us

1851. Provincetown harbor was home to over 50 whaling ships and a fleet of schooners that more than rivaled those of New Bedford and Gloucester. That April, another new marine railway was in the process of being constructed at Union Wharf in the West End. With the Freeman’s Bank of Boston being the only bank in town, David Fairbanks and a group of community-minded individuals thought it was time to open Provincetown’s own bank – a mutually-owned institution that focused on the needs of the people rather than stockholder values. It would offer a high level of personal service and foster close-knit relationships with families and small businesses. Seamen’s Bank was incorporated that year and it opened for business in the Union Wharf Exchange building in 1852. Its first customer deposited $36. Seamen’s Savings Bank became Cape Cod’s first community bank.

Over 160 years later with 5 branches and over $350 million in deposits, Seamen’s Bank still holds true to that original promise. Serving the Lower Cape communities from Provincetown to Brewster, we continue to be a mutually-owned bank striving to be the quintessential community institution. Our employees support the community through active participation in community events, membership on the boards of local non-profit institutions, and participation in local government. The Seamen’s Bank Charitable Foundation provides funding for many charitable organizations with contributions exceeding the totals of most banks our size.

Through our branch network and digital channels, Seamen’s provides a full complement of personal and business banking services including free checking accounts, high-yielding savings accounts, residential mortgages, commercial mortgages, and business lines of credit. We do it all with thoughtful and personal service – and we have been doing it that way for over a century and a half.

Our distinctive branches are located in Provincetown, Truro, Wellfleet and Eastham. We look forward to seeing you.

Lori F. Meads
President and CEO 

Lori F. Meads

President and CEO

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All Rights Reserved.
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