Mainstay Federal Savings Bank

Status:Inactive as of 07/20/1990
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Mainstay Federal Savings, F.S.B.
Headquarters:Mainstay Federal Savings Bank
36 Monmouth St
Red Bank, NJ 07701
Established:01/01/1923
FDIC Insurance:08/09/1989
FDIC Cert:#30140
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$226,096,000
Total Deposits:$165,855,000

History

1923-01-01Institution established: Original name:Mainstay Federal Savings and Loan Association
1989-05-31Changed organization type to MUTUAL SAVINGS BANK
1989-05-31Changed name to Mainstay Federal Savings Bank
1990-07-20Failed, went into receivership, and then became part of Mainstay Federal Savings, F.S.B. (33160)
1990-07-20Institution established: Original name:Mainstay Federal Savings, F.S.B. (33160)
1990-07-20Placed into government conservatorship.
1991-09-27Government conservatorship or bridge bank resolved.
1991-09-27Acquired after government financial assistance and subsequently operated as part of Bankers Savings (12029)
1997-08-30Merged into and subsequently operated as part of Sovereign Bank (29950) in WYOMISSING, PA
1998-03-01Acquired Main Line Bank (29628) in VILLANOVA, PA
1998-07-31Acquired First Home Savings Bank, F.S.B. (31771) in PENNSVILLE, NJ
1998-07-31Acquired Carnegie Bank, National Association (27194) in LANGHORNE, PA
1999-06-30Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1999-06-30Acquired Trenton Savings Bank FSB (12009) in LAWRENCEVILLE, NJ
2002-03-08Acquired Main Street Bank (27104) in READING, PA
2002-05-03Acquired Sovereign Trust Company (33208) in MANCHESTER TOWNSHIP, NJ
2004-02-06Acquired First Essex Bank (90219) in LAWRENCE, MA
2004-07-23Acquired Compass Bank for Savings (23291) in NEW BEDFORD, MA
2004-07-23Acquired Nantucket Bank (22055) in NANTUCKET, MA
2005-02-11Acquired Waypoint Bank (30174) in HARRISBURG, PA
2006-09-09Acquired Independence Community Bank (16018) in BROOKLYN, NY
2011-06-20Moved bank headquarters from WYOMISSING, PA to WILMINGTON, DE
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2012-01-26Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2012-01-26Changed organization type to COMMERCIAL BANK
2012-01-26Changed name to Sovereign Bank, National Association (29950)
2013-10-17Changed name to Santander Bank, N.A. (29950)