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

1871-03-03Institution established but was not FDIC insured. Original name: Central Savings Bank
1985-11-05Became FDIC insured.
1985-11-05Changed name to The Central Savings Bank
1985-11-05Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1992-02-14Failed. Acquired with government financial assistance and subsequently operated as part of MassBank for Savings (22089)
1996-04-22Changed name to MassBank (22089)
1997-07-21Acquired Glendale Co-operative Bank (26571) in EVERETT, MA
2008-10-10Merged into and subsequently operated as part of Eastern Bank (32773) in BOSTON, MA
2011-03-18Acquired Wainwright Bank & Trust Company (27009) in BOSTON, MA
2012-12-01Acquired The Community Bank, A Massachusetts Cooperative Bank (26396) in BROCKTON, MA
2014-10-25Acquired Centrix Bank & Trust (35035) in BEDFORD, NH
2021-11-12Acquired Century Bank and Trust CompanyEastern Bank (19943) in Somerville, MA.