Commonwealth State Bank

Status:Inactive as of 09/09/1997
 Merger - Without Assistance
Successor Bank:Main Line Bank
Headquarters:Commonwealth State Bank
Friends Land And Route 332
Newtown, PA 18940
Established:04/08/1987
FDIC Insurance:04/08/1987
FDIC Cert:#26930
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$137,026,000
Total Deposits:$98,619,000

History

1987-04-08Institution established: Original name:Commonwealth State Bank
1997-09-09Merged into and subsequently operated as part of Main Line Bank (29628) in VILLANOVA, PA
1998-03-01Merged into and subsequently operated as part of Sovereign Bank (29950) in WYOMISSING, PA
1998-07-31Acquired First Home Savings Bank, F.S.B. (31771) in PENNSVILLE, NJ
1998-07-31Acquired Carnegie Bank, National Association (27194) in LANGHORNE, PA
1999-06-30Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1999-06-30Acquired Trenton Savings Bank FSB (12009) in LAWRENCEVILLE, NJ
2002-03-08Acquired Main Street Bank (27104) in READING, PA
2002-05-03Acquired Sovereign Trust Company (33208) in MANCHESTER TOWNSHIP, NJ
2004-02-06Acquired First Essex Bank (90219) in LAWRENCE, MA
2004-07-23Acquired Compass Bank for Savings (23291) in NEW BEDFORD, MA
2004-07-23Acquired Nantucket Bank (22055) in NANTUCKET, MA
2005-02-11Acquired Waypoint Bank (30174) in HARRISBURG, PA
2006-09-09Acquired Independence Community Bank (16018) in BROOKLYN, NY
2011-06-20Moved bank headquarters from WYOMISSING, PA to WILMINGTON, DE
2011-07-21Changed primary regulatory agency from FEDERAL RESERVE BOARD to COMPTROLLER OF THE CURRENCY
2012-01-26Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2012-01-26Changed organization type to COMMERCIAL BANK
2012-01-26Changed name to Sovereign Bank, National Association (29950)
2013-10-17Changed name to Santander Bank, N.A. (29950)

Financial Information (1996-12-31 and Older)