BankMalden, A Co-operative Bank

Status:Inactive as of 02/23/2007
 Merger - Without Assistance
Successor Bank:Danversbank
Headquarters:BankMalden, A Co-operative Bank
One Salem Street
Malden, MA 02148
Established:01/01/1925
FDIC Insurance:08/09/1989
FDIC Cert:#26449
Charter Class:
Total Assets:$46,548,000
Total Deposits:$35,442,000

History

1925-01-01Institution established but was not FDIC insured. Original name: Telephone Workers' Co-operative Bank
1985-12-13Became FDIC insured.
1998-02-18Changed name to TeleCom Cooperative Bank
2000-03-20Moved bank headquarters from BOSTON, MA to MALDEN, MA
2004-02-17Changed name to BankMalden, A Co-operative Bank
2007-02-23Merged into and subsequently operated as part of Danversbank (90185) in DANVERS, MA
2008-01-09Reorganized.
2010-02-12Acquired The Beverly National Bank (2557) in BEVERLY, MA
2011-07-01Merged into and subsequently operated as part of People's United Bank (27334) in BRIDGEPORT, CT
2011-07-21Changed primary regulatory agency from STATE to COMPTROLLER OF THE CURRENCY
2015-02-23Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2015-02-23Changed organization type to COMMERCIAL BANK
2015-02-23Changed name to People's United Bank, National Association (27334)
2017-04-01Acquired The Suffolk County National Bank of Riverhead (7278) in RIVERHEAD, NY
2018-10-01Acquired Farmington Bank (18208) in FARMINGTON, CT
2019-04-01Acquired Belmont Savings Bank (23901) in BELMONT, MA
2019-11-01Acquired United Bank (18203) in HARTFORD, CT

Financial Information (2006-12-31 and Older)