Georgetown Bank

Status:Inactive as of 05/23/2017
 Absorption - Without Assistance
Successor Bank:Salem Five Cents Savings Bank
Headquarters:Georgetown Bank
2 East Main Street
Georgetown, MA 01833
Established:05/21/1868
FDIC Insurance:08/09/1989
FDIC Cert:#90202
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$321,835,000
Total Deposits:$242,800,000

History

1868-05-21Institution established but was not FDIC insured. Original name: Georgetown Savings Bank
1985-08-26Became FDIC insured.
2005-01-05Changed institution class to OCC SUPERVISED SAVINGS BANKS
2005-01-05Changed organization type to STOCK SAVINGS BANK
2005-01-05Changed primary regulatory agency from STATE to OFFICE OF THRIFT SUPERVISION
2005-01-06Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2012-08-27Changed name to Georgetown Bank
2017-05-23Merged into and subsequently operated as part of Salem Five Cents Savings Bank (23296) in SALEM, MA
2018-08-17Acquired Sage Bank (26467) in LOWELL, MA
2018-10-05Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED

Financial Information (2017-03-31 and Older)