Cloverbank

Status:Inactive as of 06/01/2001
 Merger - Without Assistance
Successor Bank:Farmers and Mechanics Bank
Headquarters:Cloverbank
Rt 130 & Merchantville Avenue
Pennsauken, NJ 08110
Established:01/01/1861
FDIC Insurance:08/09/1989
FDIC Cert:#31862
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$29,425,000
Total Deposits:$26,892,000

History

1861-01-01Institution established: Original name:Clover Federal Savings and Loan Association
1995-05-31Changed organization type to MUTUAL SAVINGS BANK
1995-05-31Changed name to Cloverbank
2001-05-31Changed organization type to STOCK SAVINGS BANK
2001-06-01Merged into and subsequently operated as part of Farmers and Mechanics Bank (28435) in BURLINGTON, NJ
2007-07-13Merged into and subsequently operated as part of Beneficial Mutual Savings Bank (15697) in PHILADELPHIA, PA
2012-04-02Acquired St. Edmond's Federal Savings Bank (28916) in PHILADELPHIA, PA
2014-02-01Moved bank headquarters from BURLINGTON, NJ to PHILADELPHIA, PA
2015-01-15Changed name to Beneficial Bank (15697)
2016-04-15Acquired Conestoga Bank (27013) in CHESTER SPRINGS, PA
2019-03-01Merged into and subsequently operated as part of Wilmington Savings Fund Society, FSB (17838) in WILMINGTON, DE

Financial Information (2000-12-31 and Older)