The Central Savings Bank
Status: | Inactive as of 02/14/1992 |
Absorption - Assisted | |
Successor Bank: | MassBank |
Headquarters: | The Central Savings Bank 50 Central Street Lowell, MA 01853 |
Established: | 03/03/1871 |
FDIC Insurance: | 08/09/1989 |
FDIC Cert: | #90226 |
Charter Class: | |
Total Assets: | $369,110,000 |
Total Deposits: | $354,218,000 |
History
1871-03-03 | Institution established but was not FDIC insured. Original name: Central Savings Bank | |
1985-11-05 | Became FDIC insured. | |
1985-11-05 | Changed name to The Central Savings Bank | |
1985-11-05 | Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED | |
1992-02-14 | Failed. Acquired with government financial assistance and subsequently operated as part of MassBank for Savings (22089) | |
1996-04-22 | Changed name to MassBank (22089) | |
1997-07-21 | Acquired Glendale Co-operative Bank (26571) in EVERETT, MA | |
2008-10-10 | Merged into and subsequently operated as part of Eastern Bank (32773) in BOSTON, MA | |
2011-03-18 | Acquired Wainwright Bank & Trust Company (27009) in BOSTON, MA | |
2012-12-01 | Acquired The Community Bank, A Massachusetts Cooperative Bank (26396) in BROCKTON, MA | |
2014-10-25 | Acquired Centrix Bank & Trust (35035) in BEDFORD, NH | |
2021-11-12 | Acquired Century Bank and Trust CompanyEastern Bank (19943) in Somerville, MA. |