MassBank

Status:Inactive as of 10/10/2008
 Merger - Without Assistance
Successor Bank:Eastern Bank
Headquarters:MassBank
123 Haven Street
Reading, MA 01867
Established:04/05/1872
FDIC Insurance:08/01/1975
FDIC Cert:#22089
Charter Class:
Total Assets:$821,226,000
Total Deposits:$643,846,000

History

1872-01-01Institution established but was not FDIC insured. Original name: Melrose Savings Bank (90239)
1975-08-01Became FDIC insured.
1975-08-01FDIC certificate number changed from (90239) to
1983-02-01Moved bank headquarters from MELROSE, MA to READING, MA
1983-02-01Changed name to MassBank for Savings
1983-02-01Acquired Reading Savings Bank (23295) in READING, MA
1986-05-28Changed organization type to STOCK SAVINGS BANK
1992-02-14Acquired The Central Savings Bank (90226) in LOWELL, MA
1992-02-14Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1996-04-22Changed name to MassBank
1997-07-21Acquired Glendale Co-operative Bank (26571) in EVERETT, MA
2008-10-10Merged into and subsequently operated as part of Eastern Bank (32773) in BOSTON, 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 (2008-09-30 and Older)