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