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About Milton Savings Bank

On May 22, 1920, a group of local businessmen incorporated the Building & Loan Association of Milton, PA, for the purpose of making home mortgages more readily available to would-be homeowners. Up to that time, a person was supposed to have enough cash on hand to purchase or build a home without a mortgage loan. The first office was a shared office located at 106 South Front Street in Milton.

During the first months of operations, we only had enough money to make one “home mortgage” for $1,500.00. As that individual started to repay the loan and other investors purchased shares of our stock, the loan fund began to grow. Today, we make loans that total several hundred thousand dollars.

On our 35th Anniversary in 1955, we changed our name to Savings and Loan Association of Milton, Pa. This name better represented our purpose, as we now had savings accounts rather than shares of paid-up stock. We were offering certificates of deposit and passbook savings accounts to provide the money to make home loans. Our Assets were still less than $500,000.00, but our customer base was growing.

In 1972, we took over the entire property at 106 South Front St. and had four employees. Assets were nearly $5,000,000.00 and we were steadily growing.

We built and moved into our present location at 80 Broadway in 1985. The new facility allows us to provide all your financial needs in a home-like, friendly atmosphere. We presently have 9 full-time employees that are ready to serve you, our valuable customers.

The tradition that began over 85 years ago by that local group of businessmen continues today through our present Board of Directors, which are still local business people. We are still committed to promoting home ownership by providing very competitive mortgage rates and friendly, experienced staff to help you purchase or build your new home. We also offer a large variety of savings and checking accounts tailored to fit your financial needs. We’ve grown with you and for you.

In 2003, we again changed our name to better identify the true nature of our business. We took on the name of Milton Savings Bank once the application for a Federally Chartered Mutual Savings Bank was completed and approved. We continue to be the sole remaining local bank in the borough of Milton. We will be here ready, willing, and able to serve you well into the future.

Milton Savings Bank provides high-quality products and services, and is pleased to be the premier community bank in the communities we serve. We are proud to have had the financial strength and commitment to meet the needs of the community in the past and continue to do so today. While products, services and technology may change, it is the old-fashioned sense of community pride and commitment that we focus on to bring you a full range of products and services now and in the future.

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