Merrimac Savings Bank

Status:Inactive as of 11/01/2015
 Absorption - Without Assistance
Successor Bank:North Shore Bank, a Co-operative Bank
Headquarters:Merrimac Savings Bank
1 West Main Street
Merrimac, MA 01860
Established:04/19/1871
FDIC Insurance:08/09/1989
FDIC Cert:#90240
Charter Class:
Total Assets:$75,190,000
Total Deposits:$70,028,000

History

1871-04-19Institution established but was not FDIC insured. Original name: Merrimac Savings Bank
1985-11-19Became FDIC insured.
2015-11-01Merged into and subsequently operated as part of North Shore Bank, a Co-operative Bank (26484) in PEABODY, MA
2019-10-01Acquired Beverly Bank (26601) in BEVERLY, MA

Financial Information (2015-09-30 and Older)