Sage Bank

Status:Inactive as of 08/17/2018
 Absorption - Without Assistance
Successor Bank:Salem Five Cents Savings Bank
Headquarters:Sage Bank
18 Hurd Street
Lowell, MA 01852
Established:01/01/1885
FDIC Insurance:08/09/1989
FDIC Cert:#26467
Charter Class:
Total Assets:$143,417,000
Total Deposits:$83,928,000

History

1885-01-01Institution established but was not FDIC insured. Original name: Lowell Co-operative Bank
1985-12-19Became FDIC insured.
2009-01-28Changed organization type to COOPERATIVE BANK STOCK
2013-06-10Changed name to Sage Bank
2018-08-17Merged into and subsequently operated as part of Salem Five Cents Savings Bank (23296) in SALEM, MA
2018-10-05Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED

Financial Information (2018-06-30 and Older)