The Island Trust Company
| Status: | Inactive as of 01/01/1993 |
| Merger - Without Assistance | |
| Successor Bank: | Newport Federal Savings Bank |
| Headquarters: | The Island Trust Company 100 Bellevue Avenue Newport, RI 02840 |
| Established: | 06/21/1972 |
| FDIC Insurance: | 06/21/1972 |
| FDIC Cert: | #20686 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $15,960,000 |
| Total Deposits: | $11,310,000 |
History
| 1972-06-21 | Institution established: Original name:The Island Trust Company | |
| 1993-01-01 | Changed organization type to MUTUAL SAVINGS BANK | |
| 1993-01-01 | Changed name to Newport Federal Savings Bank (30626) | |
| 1993-01-01 | Merged into and subsequently operated as part of Newport Federal Savings Bank (30626) in NEWPORT, RI | |
| 2005-10-14 | Acquired Westerly Savings Bank (30804) in WESTERLY, RI | |
| 2006-07-06 | Changed organization type to STOCK SAVINGS BANK | |
| 2011-07-21 | Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to COMPTROLLER OF THE CURRENCY | |
| 2013-09-07 | Merged into and subsequently operated as part of Savings Institute Bank and Trust Company (18214) in WILLIMANTIC, CT | |
| 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 |