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Beacon Co-operative Bank

Status:Inactive as of 06/21/1991
 Absorption - Assisted
Successor Bank:Grove Bank
Headquarters:Beacon Co-operative Bank
1929 Commonwealth Avenue
Brighton, MA 02135
Established:01/01/1958
FDIC Insurance:08/09/1989
FDIC Cert:#26659
Charter Class:
Total Assets:$31,806,000
Total Deposits:$30,538,000

History

1958-01-01Institution established but was not FDIC insured. Original name: Beacon Co-operative Bank
1986-05-01Became FDIC insured.
1991-06-21Failed. Acquired with government financial assistance and subsequently operated as part of Grove Bank (23465)
1997-01-02Acquired Greater Boston Bank A Co-operative Bank (29851) in BOSTON, MA
1997-03-05Merged into and subsequently operated as part of Citizens Bank of Massachusetts (18562) in BOSTON, MA
1998-08-13Acquired Woburn National Bank (2674) in WOBURN, MA
1999-09-30Changed organization type to COMMERCIAL BANK
2000-01-11Acquired USTrust (17971) in BOSTON, MA
2002-10-15Acquired Medford Savings Bank (23290) in MEDFORD, MA
2003-07-31Acquired CambridgePort Bank (90172) in CAMBRIDGE, MA
2003-11-01Acquired Community National Bank (2593) in HUDSON, MA
2007-09-01Acquired Charter One Bank, National Association (28932) in CLEVELAND, OH
2007-09-01Acquired Citizens Bank of Connecticut (18197) in NEW LONDON, CT
2007-09-01Acquired RBS National Bank (57858) in BRIDGEPORT, CT
2007-09-01Changed name to RBS Citizens, National Association (57957)
2007-09-01Acquired Citizens Bank (57281) in WILMINGTON, DE
2007-09-01Acquired Citizens Bank New Hampshire (6214) in MANCHESTER, NH
2007-09-01Acquired Citizens Bank of Rhode Island (16954) in PROVIDENCE, RI
2007-09-01Merged into and subsequently operated as part of RBS Citizens, National Association (57957) in PROVIDENCE, RI
2012-07-06Reorganized.
2014-04-16Changed name to Citizens Bank, National Association (57957)
2019-01-02Acquired Citizens Bank of Pennsylvania (57282) in PHILADELPHIA, PA