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Eastern Savings Bank

Status:Inactive as of 10/19/1989
 Absorption - Without Assistance
Successor Bank:Eastern Bank
Headquarters:Eastern Savings Bank
270 Union Street
Lynn, MA 01903
Established:04/15/1818
FDIC Insurance:08/09/1989
FDIC Cert:#24700
Charter Class:
Total Assets:$1,018,653,000
Total Deposits:$874,681,000

History

1818-01-01Institution established but was not FDIC insured. Original name: Salem Savings Bank (90275)
1981-04-30Changed name to Eastern Savings Bank (90275)
1981-04-30Acquired First East Savings Bank (90232) in LYNN, MA
1981-04-30Moved bank headquarters from SALEM, MA to LYNN, MA
1983-10-01FDIC certificate number changed from (90275) to
1983-10-01Became FDIC insured.
1989-10-19Institution established: Original name:Eastern Bank (32773)
1989-10-19Merged into and subsequently operated as part of Eastern Bank (32773) in LYNN, MA
1992-04-24Acquired Shore Bank and Trust Company (27002) in LYNN, MA
1992-05-15Acquired Malden Trust Company (8158) in MALDEN, MA
1993-10-12Acquired First Colonial Bank for Savings (23142) in LYNN, MA
1994-11-11Acquired Saugus Bank and Trust Company (9714) in SAUGUS, MA
1998-02-28Acquired The Hibernia Savings Bank (22054) in QUINCY, MA
2002-11-22Acquired Eastern Bank and Trust Company (28) in SALEM, MA
2003-03-31Moved bank headquarters from LYNN, MA to BOSTON, MA
2004-08-01Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2004-08-01Changed organization type to TRUST COMPANY
2005-05-28Acquired Plymouth Savings Bank (23463) in WAREHAM, MA
2007-05-12Acquired Sharon Co-operative Bank (26446) in SHARON, MA
2008-10-10Acquired MassBank (22089) in READING, MA
2011-03-18Acquired Wainwright Bank & Trust Company (27009) in BOSTON, MA
2012-12-01Acquired The Community Bank, A Massachusetts Cooperative Bank (26396) in BROCKTON, MA
2014-10-25Acquired Centrix Bank & Trust (35035) in BEDFORD, NH
2021-11-12Acquired Century Bank and Trust CompanyEastern Bank (19943) in Somerville, MA.