Hometown Bank
| Status: | Inactive as of 09/25/1992 |
| Absorption - Assisted | |
| Successor Bank: | Somerset Trust Company |
| Headquarters: | Hometown Bank 1 Metroplex Drive Edison, NJ 08817 |
| Established: | 12/27/1988 |
| FDIC Insurance: | 12/27/1988 |
| FDIC Cert: | #27416 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $25,200,000 |
| Total Deposits: | $24,816,000 |
History
| 1988-12-27 | Institution established: Original name:Hometown Bank | |
| 1992-09-25 | Failed. Acquired with government financial assistance and subsequently operated as part of Somerset Trust Company (9404) | |
| 1992-09-25 | Acquired Highlands Community Bank, National Association (26844) in CLINTON, NJ | |
| 1992-09-25 | Acquired Hometown Bank in EDISON, NJ | |
| 1993-10-29 | Merged into and subsequently operated as part of Summit Bank (8610) in SUMMIT, NJ | |
| 1994-09-13 | Acquired Crestmont Federal Savings and Loan Association (28358) in EDISON, NJ | |
| 1996-01-16 | Acquired Garden State Bank (21405) in JACKSON, NJ | |
| 1996-07-13 | Changed name to Summit Bank (550) | |
| 1996-07-13 | Merged into and subsequently operated as part of Summit Bank (550) in HACKENSACK, NJ | |
| 1997-02-08 | Acquired Central Jersey Savings Bank, SLA (28442) in EAST BRUNSWICK, NJ | |
| 1997-06-07 | Acquired The Bank of Mid-Jersey (8607) in BORDENTOWN, NJ | |
| 1998-03-14 | Acquired Collective Bank (28429) in EGG HARBOR, NJ | |
| 2001-03-01 | Merged into and subsequently operated as part of Fleet National Bank (2558) in PROVIDENCE, RI | |
| 2001-03-01 | Acquired Summit Bank (17944) in NORWALK, CT | |
| 2001-03-01 | Acquired Summit Bank (7406) in BETHLEHEM, PA | |
| 2004-02-01 | Acquired Progress Bank (30529) in BLUE BELL, PA | |
| 2005-03-18 | Acquired Fleet Maine, National Association (33987) in SOUTH PORTLAND, ME | |
| 2005-06-13 | Merged into and subsequently operated as part of Bank of America, National Association (3510) in CHARLOTTE, NC | |
| 2006-09-22 | Acquired MBNA America Delaware, National Association (34680) in WILMINGTON, DE | |
| 2008-02-22 | Acquired United States Trust Company , National Association (34061) in NEW YORK, NY | |
| 2008-06-30 | Acquired Bank of America Georgia, National Association (57117) in ATLANTA, GA | |
| 2008-10-17 | Acquired LaSalle Bank National Association (15407) in CHICAGO, IL | |
| 2008-10-17 | Acquired LaSalle Bank Midwest National Association (22488) in TROY, MI | |
| 2009-01-16 | Maintained operations with government open bank assistance. | |
| 2009-04-27 | Acquired Countrywide Bank, FSB (33143) in CENTENNIAL, CO | |
| 2009-07-01 | Acquired Merrill Lynch Bank USA (27374) in SALT LAKE CITY, UT | |
| 2009-11-02 | Acquired Merrill Lynch Bank & Trust Co., FSB (34571) in NEW YORK, NY | |
| 2013-04-01 | Acquired Bank of America, Rhode Island, National Association (58032) in PROVIDENCE, RI | |
| 2013-04-01 | Acquired Bank of America Oregon, National Association (35453) in PORTLAND, OR | |
| 2014-10-01 | Acquired FIA Card Services, National Association (33318) in WILMINGTON, DE | |
| 2020-03-31 | Acquired Recontrust Company, National Association (58026) in SIMI VALLEY, CA |