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

1871-01-01Institution established: Original name:The Farmers and Mechanics Savings and Loan Association
1988-08-31Changed name to Farmers' and Mechanics Savings Bank, SLA
1989-03-31Changed organization type to STOCK SAVINGS & LOAN
1993-10-15Changed name to Farmers' and Mechanics' Savings Bank, F.S.B.
1993-10-15Changed organization type to STOCK SAVINGS BANK
1994-10-26Changed name to Farmers and Mechanics Bank
1997-01-28Moved bank headquarters from BURLINGTON TOWNSHIP, NJ to BURLINGTON, NJ
2001-06-01Acquired Cloverbank (31862) in PENNSAUKEN, NJ
2007-07-13Merged into and subsequently operated as part of Beneficial Mutual Savings Bank (15697) in PHILADELPHIA, PA
2012-04-02Acquired St. Edmond's Federal Savings Bank (28916) in PHILADELPHIA, PA
2014-02-01Moved bank headquarters from BURLINGTON, NJ to PHILADELPHIA, PA
2015-01-15Changed name to Beneficial Bank (15697)
2016-04-15Acquired Conestoga Bank (27013) in CHESTER SPRINGS, PA
2019-03-01Merged into and subsequently operated as part of Wilmington Savings Fund Society, FSB (17838) in WILMINGTON, DE

Financial Information (2007-06-30 and Older)