Farmers and Mechanics Bank
Status: | Inactive as of 07/13/2007 |
Absorption - Without Assistance | |
Successor Bank: | Beneficial Bank |
Headquarters: | Farmers and Mechanics Bank 3 Sunset Road And Route 541 Burlington, NJ 08016 |
Established: | 01/01/1871 |
FDIC Insurance: | 08/09/1989 |
FDIC Cert: | #28435 |
Charter Class: | Savings banks, state charter, supervised by the FDIC |
Total Assets: | $1,142,233,000 |
Total Deposits: | $922,890,000 |
History
1871-01-01 | Institution established: Original name:The Farmers and Mechanics Savings and Loan Association | |
1988-08-31 | Changed name to Farmers' and Mechanics Savings Bank, SLA | |
1989-03-31 | Changed organization type to STOCK SAVINGS & LOAN | |
1993-10-15 | Changed name to Farmers' and Mechanics' Savings Bank, F.S.B. | |
1993-10-15 | Changed organization type to STOCK SAVINGS BANK | |
1994-10-26 | Changed name to Farmers and Mechanics Bank | |
1997-01-28 | Moved bank headquarters from BURLINGTON TOWNSHIP, NJ to BURLINGTON, NJ | |
2001-06-01 | Acquired Cloverbank (31862) in PENNSAUKEN, NJ | |
2007-07-13 | Merged into and subsequently operated as part of Beneficial Mutual Savings Bank (15697) in PHILADELPHIA, PA | |
2012-04-02 | Acquired St. Edmond's Federal Savings Bank (28916) in PHILADELPHIA, PA | |
2014-02-01 | Moved bank headquarters from BURLINGTON, NJ to PHILADELPHIA, PA | |
2015-01-15 | Changed name to Beneficial Bank (15697) | |
2016-04-15 | Acquired Conestoga Bank (27013) in CHESTER SPRINGS, PA | |
2019-03-01 | Merged into and subsequently operated as part of Wilmington Savings Fund Society, FSB (17838) in WILMINGTON, DE |