Ocean Bank

Status:Inactive as of 01/01/2009
 Merger - Without Assistance
Successor Bank:People's United Bank
Headquarters:Ocean Bank
325 State St.
Portsmouth, NH 03801
Established:05/25/1854
FDIC Insurance:08/09/1989
FDIC Cert:#4264
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$2,208,891,000
Total Deposits:$1,447,144,000

History

1854-05-25Institution established: Original name:The Ocean National Bank of Kennebunk
1985-02-01Reorganized.
2001-09-01Changed name to Ocean National Bank
2002-04-10Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2004-05-28Acquired Granite Bank (17992) in KEENE, NH
2004-10-12Moved bank headquarters from KENNEBUNK, ME to PORTSMOUTH, NH
2007-06-29Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2007-06-29Changed name to Ocean Bank
2007-06-29Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
2007-11-01Acquired Community Bank and Trust Company (33011) in WOLFEBORO, NH
2008-01-01Changed organization type to STOCK SAVINGS BANK
2008-01-01Changed institution class to OCC SUPERVISED SAVINGS BANKS
2008-01-01Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to OFFICE OF THRIFT SUPERVISION
2009-01-01Acquired Flagship Bank and Trust Company (27134) in WORCESTER, MA
2009-01-01Acquired The Bank of Western Massachusetts (26942) in SPRINGFIELD, MA
2009-01-01Acquired Ocean Bank in PORTSMOUTH, NH
2009-01-01Acquired Chittenden Trust Company (14149) in BURLINGTON, VT
2009-01-01Acquired Merrill Merchants Bank (33704) in BANGOR, ME
2009-01-01Acquired Maine Bank & Trust Company (33525) in PORTLAND, ME
2009-01-01Merged into and subsequently operated as part of People's United Bank (27334) in BRIDGEPORT, CT
2010-04-16Acquired Butler Bank (26619) in LOWELL, MA as part of a government assisted transaction.
2010-11-30Acquired RiverBank (23288) in NORTH ANDOVER, MA
2010-11-30Acquired Bank of Smithtown (664) in SMITHTOWN, NY
2011-07-01Acquired Danversbank (90185) in DANVERS, MA
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2015-02-23Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2015-02-23Changed organization type to COMMERCIAL BANK
2015-02-23Changed name to People's United Bank, National Association (27334)
2017-04-01Acquired The Suffolk County National Bank of Riverhead (7278) in RIVERHEAD, NY
2018-10-01Acquired Farmington Bank (18208) in FARMINGTON, CT
2019-04-01Acquired Belmont Savings Bank (23901) in BELMONT, MA
2019-11-01Acquired United Bank (18203) in HARTFORD, CT

Financial Information (2008-12-31 and Older)