Compass Bank for Savings

Status:Inactive as of 07/23/2004
 Merger - Without Assistance
Successor Bank:Santander Bank, N.A.
Headquarters:Compass Bank for Savings
One Compass Place
New Bedford, MA 02740
Established:04/18/1855
FDIC Insurance:08/09/1989
FDIC Cert:#23291
Charter Class:
Total Assets:$4,755,103,000
Total Deposits:$3,326,712,000

History

1855-01-01Institution established but was not FDIC insured. Original name: New Bedford Five Cents Savings Bank (90248)
1981-01-02FDIC certificate number changed from (90248) to
1981-01-02Became FDIC insured.
1986-04-22Acquired Fall River Savings Bank (90195) in FALL RIVER, MA
1988-06-14Changed name to Compass Bank for Savings
1994-03-11Acquired Plymouth Federal Savings Association (33505) in PLYMOUTH, MA as part of a government assisted transaction.
1994-10-02Changed organization type to STOCK SAVINGS BANK
1994-12-29Acquired Martha's Vineyard National Bank (2656) in VINEYARD HAVEN, MA
1998-12-04Acquired The Sandwich Co-operative Bank (26599) in SANDWICH, MA
2001-03-02Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2003-05-31Acquired Bay State Federal Savings Bank (29712) in BROOKLINE, MA
2004-04-29Acquired Abington Savings Bank (22051) in ABINGTON, MA
2004-07-23Acquired Nantucket Bank (22055) in NANTUCKET, MA
2004-07-23Merged into and subsequently operated as part of Sovereign Bank (29950) in WYOMISSING, PA
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 STATE to COMPTROLLER OF THE CURRENCY
2012-01-26Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2012-01-26Changed name to Sovereign Bank, National Association (29950)
2012-01-26Changed organization type to COMMERCIAL BANK
2013-10-17Changed name to Santander Bank, N.A. (29950)

Financial Information (2004-06-30 and Older)