First American Bank for Savings

Status:Inactive as of 10/19/1990
 Absorption - Assisted
Successor Bank:Citizens Bank of Massachusetts
Headquarters:First American Bank for Savings
572 Columbia Road
Dorchester, MA 02125
Established:01/01/1894
FDIC Insurance:07/11/1975
FDIC Cert:#22064
Charter Class:
Total Assets:$526,176,000
Total Deposits:$489,285,000

History

1894-01-01Institution established but was not FDIC insured. Original name: Dorchester Savings Bank (90154)
1975-07-11Became FDIC insured.
1975-07-11FDIC certificate number changed from (90154) to
1976-12-31Changed name to First American Bank for Savings
1986-07-24Changed organization type to STOCK SAVINGS BANK
1990-10-19Failed. Acquired with government financial assistance and subsequently operated as part of The Boston Five Cents Savings Bank FSB (18562)
1993-10-13Changed name to Citizens Bank of Massachusetts (18562)
1993-10-13Changed primary regulatory agency from STATE to FEDERAL DEPOSIT INSURANCE CORPORATION
1993-10-13Acquired Citizens Bank of Massachusetts (23285) in PLYMOUTH, MA
1994-04-18Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1994-04-18Acquired Neworld Bank (22052) in BOSTON, MA
1995-01-06Acquired Quincy Savings Bank (23294) in QUINCY, MA
1997-03-05Acquired Grove Bank (23465) in BOSTON, MA
1998-08-13Acquired Woburn National Bank (2674) in WOBURN, MA
1999-09-30Changed organization type to COMMERCIAL BANK
2000-01-11Acquired USTrust (17971) in BOSTON, MA
2002-10-15Acquired Medford Savings Bank (23290) in MEDFORD, MA
2003-07-31Acquired CambridgePort Bank (90172) in CAMBRIDGE, MA
2003-11-01Acquired Community National Bank (2593) in HUDSON, MA
2007-09-01Changed name to RBS Citizens, National Association (57957)
2007-09-01Acquired RBS National Bank (57858) in BRIDGEPORT, CT
2007-09-01Acquired Citizens Bank of Connecticut (18197) in NEW LONDON, CT
2007-09-01Acquired Charter One Bank, National Association (28932) in CLEVELAND, OH
2007-09-01Acquired Citizens Bank New Hampshire (6214) in MANCHESTER, NH
2007-09-01Acquired Citizens Bank (57281) in WILMINGTON, DE
2007-09-01Merged into and subsequently operated as part of RBS Citizens, National Association (57957) in PROVIDENCE, RI
2007-09-01Acquired Citizens Bank of Rhode Island (16954) in PROVIDENCE, RI
2012-07-06Reorganized.
2014-04-16Changed name to Citizens Bank, National Association (57957)
2019-01-02Acquired Citizens Bank of Pennsylvania (57282) in PHILADELPHIA, PA