Heritage Co-operative Bank

Status:Inactive as of 02/10/2006
 Merger - Without Assistance
Successor Bank:Salem Five Cents Savings Bank
Headquarters:Heritage Co-operative Bank
71 Washington Street
Salem, MA 01970
Established:01/01/1888
FDIC Insurance:01/21/1986
FDIC Cert:#26514
Charter Class:
Total Assets:$270,815,000
Total Deposits:$230,049,000

History

1888-01-01Institution established but was not FDIC insured. Original name: Heritage Co-operative Bank
1986-01-21Became FDIC insured.
2006-02-10Changed organization type to STOCK SAVINGS BANK
2006-02-10Merged into and subsequently operated as part of Salem Five Cents Savings Bank (23296) in SALEM, MA
2011-07-11Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
2013-11-24Acquired Stoneham Savings Bank (90286) in STONEHAM, MA
2017-05-23Acquired Georgetown Bank (90202) in GEORGETOWN, MA
2018-08-17Acquired Sage Bank (26467) in LOWELL, MA
2018-10-05Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED

Financial Information (2005-12-31 and Older)