First Colonial Bank for Savings

Status:Inactive as of 10/12/1993
 Merger - Without Assistance
Successor Bank:Eastern Bank
Headquarters:First Colonial Bank for Savings
112 Market Street
Lynn, MA 01903
FDIC Insurance:08/09/1989
FDIC Cert:#23142
Charter Class:
Total Assets:$414,427,000
Total Deposits:$376,770,000


1855-01-01Institution established but was not FDIC insured. Original name: Lynn Five Cents Savings Bank (90231)
1980-07-02Became FDIC insured.
1980-07-02FDIC certificate number changed from (90231) to
1984-08-01Acquired The Colonial National Bank (20470) in DANVERS, MA
1984-10-20Acquired Lincoln Co-operative Bank (30343) in LYNN, MA
1988-03-01Changed name to First Colonial Bank for Savings
1993-10-12Merged into and subsequently operated as part of Eastern Bank (32773) 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.

Financial Information (1992-12-31 and Older)