The Lowell Five Cent Savings Bank is a state-chartered mutual bank and the oldest financial institution in the Lowell area. When the bank started, there were five banks in Lowell, but none of them would accept deposits of less than a $1.00, an amount the average mill worker could never afford. The bank has over $700 million in assets today and has been recognized as one of the Best Places to Work by the "Boston Business Journal."