Coastal Savings Bank, FSB

Status:Inactive as of 06/19/1992
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Coastal Federal Savings Bank
Headquarters:Coastal Savings Bank, FSB
15 Masonic St
New London, CT 06320
Established:10/17/1935
FDIC Insurance:08/09/1989
FDIC Cert:#29541
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$238,194,000
Total Deposits:$224,473,000

History

1935-10-17Institution established: Original name:New London Federal Savings and Loan Association
1989-07-31Changed organization type to MUTUAL SAVINGS BANK
1989-07-31Changed name to Coastal Savings Bank, FSB
1992-06-19Institution established: Original name:Coastal Federal Savings Bank (33613)
1992-06-19Placed into government conservatorship.
1992-06-19Failed, went into receivership, and then became part of Coastal Federal Savings Bank (33613)
1994-05-20Acquired after government financial assistance and subsequently operated as part of Citizens Savings Bank (16954)
1994-05-20Government conservatorship or bridge bank resolved.
1994-07-08Acquired Old Stone Federal Savings Bank (33781) in PROVIDENCE, RI as part of a government assisted transaction.
1996-01-21Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1997-03-01Changed name to Citizens Bank of Rhode Island (16954)
1997-03-01Changed organization type to COMMERCIAL BANK
1997-03-01Acquired Citizens Trust Company (16955) in PROVIDENCE, RI
2007-09-01Changed name to RBS Citizens, National Association (57957)
2007-09-01Acquired RBS National Bank (57858) in BRIDGEPORT, CT
2007-09-01Acquired Citizens Bank of Connecticut (18197) in NEW LONDON, CT
2007-09-01Acquired Charter One Bank, National Association (28932) in CLEVELAND, OH
2007-09-01Acquired Citizens Bank of Massachusetts (18562) in BOSTON, MA
2007-09-01Acquired Citizens Bank of Rhode Island (16954) in PROVIDENCE, RI
2007-09-01Acquired Citizens Bank (57281) in WILMINGTON, DE
2007-09-01Acquired Citizens Bank New Hampshire (6214) in MANCHESTER, NH
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