Central Co-operative Bank

Status:Inactive as of 2012-11-10
 Merger - Without Assistance
Successor Bank:Rockland Trust Company
Headquarters:Central Co-operative Bank
399 Highland Avenue
Somerville, MA 02144
Established:1915-01-01
FDIC Insurance:1986-04-23
FDIC Cert:#26646
Charter Class:Savings banks, state charter, supervised by the FDIC
# of Branches:11
Total Assets:$550,959,000
Total Deposits:$355,424,000

History

1915-01-01Institution established but was not FDIC insured. Original name: Central Co-operative Bank
1980-01-31Acquired Chestnut Hill Co-operative Bank (30830) in CHESTNUT HILL, MA
1980-07-31Acquired Fellsway Co-operative Bank (29991) in MALDEN, MA
1986-04-23Changed primary regulatory agency from STATE to FEDERAL DEPOSIT INSURANCE CORPORATION
1986-04-23Became FDIC insured.
1986-10-24Changed organization type to COOPERATIVE BANK STOCK
1994-12-10Acquired Metropolitan Bank and Trust Company (21592) in MELROSE, MA
2012-11-10Merged into and subsequently operated as part of Rockland Trust Company (9712) in ROCKLAND, MA
2013-11-16Acquired Mayflower Co-operative Bank (26553) in MIDDLEBORO, MA
2015-02-21Acquired Peoples Federal Savings Bank (29861) in BRIGHTON, MA
2016-11-11Acquired Bank of Cape Cod (58270) in HYANNIS, MA
2017-05-12Acquired The Edgartown National Bank (2575) in EDGARTOWN, MA
2018-11-16Acquired The Milford National Bank and Trust Company (2615) in MILFORD, MA
2019-04-01Acquired Blue Hills Bank (90160) in BOSTON, MA

Financial Information (2012-09-30 and Older)