Comfed Savings Bank

Status:Inactive as of 02/01/1991
 Absorption - Assisted
Successor Bank:Comfed Savings Bank, F.A.
Headquarters:Comfed Savings Bank
45 Central St
Lowell, MA 01852
Established:01/01/1892
FDIC Insurance:08/09/1989
FDIC Cert:#29457
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$1,402,978,000
Total Deposits:$931,868,000

History

1892-01-01Institution established: Original name:Commonwealth Federal Savings Bank
1977-01-31Acquired Monument Federal Savings and Loan Association (28298) in LEOMINSTER, MA
1982-06-30Acquired Union Federal Savings and Loan Association (28367) in PITTSFIELD, MA
1984-10-31Changed name to Comfed Savings Bank
1986-12-31Acquired Heritage Savings and Loan Association (28301) in MANCHESTER, CT
1990-12-14Placed into government conservatorship.
1991-02-01Institution established: Original name:Comfed Savings Bank, F.A. (33302)
1991-02-01Failed. Acquired with government financial assistance and subsequently operated as part of Comfed Savings Bank, F.A. (33302)
1991-09-13Government conservatorship or bridge bank resolved.
1991-09-13Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.