Savings Institute Bank and Trust Company
Status: | Inactive as of 05/17/2019 |
Absorption - Without Assistance | |
Successor Bank: | Berkshire Bank |
Headquarters: | Savings Institute Bank and Trust Company 803 Main Street Willimantic, CT 06226 |
Established: | 01/01/1842 |
FDIC Insurance: | 07/01/1960 |
FDIC Cert: | #18214 |
Charter Class: | Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) |
Total Assets: | $1,682,127,000 |
Total Deposits: | $1,320,967,000 |
History
1842-01-01 | Institution established: Original name:Willimantic Savings Institute | |
1990-09-24 | Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED | |
1990-10-19 | Acquired The Brooklyn Savings Bank (18236) in DANIELSON, CT | |
1991-01-15 | Change trust powers from FULL TRUST POWERS GRANTED to FULL POWERS GRANTED, EXERCISED | |
1991-03-18 | Changed name to Savings Institute | |
1991-08-16 | Acquired Enfield National Bank (27463) in ENFIELD, CT | |
2000-06-14 | Changed organization type to STOCK SAVINGS BANK | |
2000-06-14 | Change trust powers from FULL POWERS GRANTED, EXERCISED to FULL TRUST POWERS GRANTED | |
2004-08-06 | Changed institution class to OCC SUPERVISED SAVINGS BANKS | |
2004-08-06 | Changed name to Savings Institute Bank and Trust Company | |
2004-08-06 | Change trust powers from FULL TRUST POWERS GRANTED to LIMITED TRUST POWERS GRANTED | |
2004-08-06 | Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to OFFICE OF THRIFT SUPERVISION | |
2011-07-21 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY | |
2013-09-07 | Acquired Newport Federal Savings Bank (30626) in NEWPORT, RI | |
2014-12-30 | Changed institution class to FDIC SUPERVISED SAVINGS BANK | |
2014-12-30 | Changed institution class to FDIC SUPERVISED SAVINGS BANK | |
2014-12-30 | Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION | |
2015-04-06 | Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD | |
2015-04-06 | Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS | |
2019-05-17 | Merged into and subsequently operated as part of Berkshire Bank (23621) in PITTSFIELD, MA |