================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15

             CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION
          UNDER SECTION 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR
         SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934.

                       Commission File Number: 333-114018

                              FIRST IPSWICH BANCORP
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

         31 Market Street, Ipswich, Massachusetts 01938, (978) 356-3700
    ------------------------------------------------------------------------
    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)

                     Common Stock, Par Value $1.00 Per Share
            --------------------------------------------------------
            (Title of each class of securities covered by this Form)

                                      None
              -----------------------------------------------------
              (Title of all other classes of securities for which a
           duty to file reports under section 13(a) or 15(d) remains)

      Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:

            Rule 12g-4(a)(1)(i) |_|       Rule 12h-3(b)(1)(i) |_|
            Rule 12g-4(a)(1)(ii)|_|       Rule 12h-3(b)(1)(ii)|_|
            Rule 12g-4(a)(2)(i) |_|       Rule 12h-3(b)(2)(i) |_|
            Rule 12g-4(a)(2)(ii)|_|       Rule 12h-3(b)(2)(ii)|_|
                                          Rule 15d-6          |X|

      Approximate number of holders of record as of the certification or
notice date: 242.

      Pursuant to the requirements of the Securities Exchange Act of 1934, First
Ipswich Bancorp has caused this certification/notice to be signed on its behalf
by the undersigned duly authorized person.


Date: January 2, 2008                          By: /s/ Russell G. Cole
                                                   ----------------------------
                                                   Name: Russell G. Cole
                                                   Title:  President and C.E.O.

================================================================================