Malden Trust Company
Status: | Inactive as of 05/15/1992 |
Absorption - Assisted | |
Successor Bank: | Eastern Bank |
Headquarters: | Malden Trust Company 94-98 Pleasant Street Malden, MA 02148 |
Established: | 12/01/1896 |
FDIC Insurance: | 01/01/1934 |
FDIC Cert: | #8158 |
Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
Total Assets: | $225,228,000 |
Total Deposits: | $238,455,000 |
History
1896-12-01 | Institution established: Original name:Malden Trust Company | |
1982-10-30 | Acquired The First National Bank of Malden (2605) in MALDEN, MA | |
1992-05-15 | Failed. Acquired with government financial assistance and subsequently operated as part of Eastern Bank (32773) | |
1993-10-12 | Acquired First Colonial Bank for Savings (23142) in LYNN, MA | |
1994-11-11 | Acquired Saugus Bank and Trust Company (9714) in SAUGUS, MA | |
1998-02-28 | Acquired The Hibernia Savings Bank (22054) in QUINCY, MA | |
2001-07-01 | Moved bank headquarters from MALDEN, MA to LYNN, MA | |
2002-11-22 | Acquired Eastern Bank and Trust Company (28) in SALEM, MA | |
2003-03-31 | Moved bank headquarters from LYNN, MA to BOSTON, MA | |
2004-08-01 | Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS | |
2004-08-01 | Changed organization type to TRUST COMPANY | |
2005-05-28 | Acquired Plymouth Savings Bank (23463) in WAREHAM, MA | |
2007-05-12 | Acquired Sharon Co-operative Bank (26446) in SHARON, MA | |
2008-10-10 | Acquired MassBank (22089) in READING, MA | |
2011-03-18 | Acquired Wainwright Bank & Trust Company (27009) in BOSTON, MA | |
2012-12-01 | Acquired The Community Bank, A Massachusetts Cooperative Bank (26396) in BROCKTON, MA | |
2014-10-25 | Acquired Centrix Bank & Trust (35035) in BEDFORD, NH | |
2021-11-12 | Acquired Century Bank and Trust CompanyEastern Bank (19943) in Somerville, MA. |