Marquette Savings Bank is a bank headquartered in

Erie, Pennsylvania Erie (; ) is a city on the south shore of Lake Erie and the county seat of Erie County, Pennsylvania, United States. Erie is the fifth largest city in Pennsylvania and the largest city in Northwestern Pennsylvania with a population of 94,831 ...

, United States. It was established in 1908 by a consortium of 38 local businessman, under the name of Marquette Building and Loan Association. Marketed as "Erie's only hometown bank," Marquette has maintained its local appeal, despite now having 12 branches in the region. Marquette was honored by the global publication, ''

The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Eco ...

'' in the Nov. 30th 2013 issue. The Economist praised Marquette for its performance during the

Financial crisis of 2007–08 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ...

(in which it grew, rather than shrank). This article also discussed the change in Marquette's policy to sell its mortgages, rather than hold them to maturity, due to regulatory concerns.

References

Banks based in Pennsylvania Banks established in 1908 Economy of Erie, Pennsylvania 1908 establishments in Pennsylvania {{Pennsylvania-stub