Main Line Bank

Status:Inactive as of 03/01/1998
 Merger - Without Assistance
Successor Bank:Santander Bank, N.A.
Headquarters:Main Line Bank
Route 320 And Lancaster Avenue
Villanova, PA 19085
Established:01/01/1883
FDIC Insurance:08/09/1989
FDIC Cert:#29628
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$2,414,251,000
Total Deposits:$974,932,000

History

1883-01-01Institution established: Original name:Main Line Federal Savings and Loan Association
1982-12-31Acquired Media Federal Savings and Loan Association (28198) in MEDIA, PA
1987-11-30Changed name to Main Line Federal Savings Bank
1987-11-30Changed organization type to MUTUAL SAVINGS BANK
1994-08-10Changed organization type to STOCK SAVINGS BANK
1994-08-10Moved bank headquarters from ARDMORE, PA to VILLANOVA, PA
1995-12-29Acquired Suburban Federal Savings Bank (28518) in COLLINGDALE, PA
1996-04-01Changed name to Main Line Bank
1997-09-09Acquired Commonwealth State Bank (26930) in NEWTOWN, PA
1998-03-01Merged into and subsequently operated as part of Sovereign Bank (29950) in WYOMISSING, PA
1998-07-31Acquired First Home Savings Bank, F.S.B. (31771) in PENNSVILLE, NJ
1998-07-31Acquired Carnegie Bank, National Association (27194) in LANGHORNE, PA
1999-06-30Acquired Trenton Savings Bank FSB (12009) in LAWRENCEVILLE, NJ
1999-06-30Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2002-03-08Acquired Main Street Bank (27104) in READING, PA
2002-05-03Acquired Sovereign Trust Company (33208) in MANCHESTER TOWNSHIP, NJ
2004-02-06Acquired First Essex Bank (90219) in LAWRENCE, MA
2004-07-23Acquired Nantucket Bank (22055) in NANTUCKET, MA
2004-07-23Acquired Compass Bank for Savings (23291) in NEW BEDFORD, MA
2005-02-11Acquired Waypoint Bank (30174) in HARRISBURG, PA
2006-09-09Acquired Independence Community Bank (16018) in BROOKLYN, NY
2011-06-20Moved bank headquarters from WYOMISSING, PA to WILMINGTON, DE
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2012-01-26Changed organization type to COMMERCIAL BANK
2012-01-26Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2012-01-26Changed name to Sovereign Bank, National Association (29950)
2013-10-17Changed name to Santander Bank, N.A. (29950)

Financial Information (1997-12-31 and Older)