Newport Federal Savings Bank
| Status: | Inactive as of 09/07/2013 |
| Merger - Without Assistance | |
| Successor Bank: | Savings Institute Bank and Trust Company |
| Headquarters: | Newport Federal Savings Bank 100 Bellevue Avenue Newport, RI 02840 |
| Established: | 01/01/1888 |
| FDIC Insurance: | 08/09/1989 |
| FDIC Cert: | #30626 |
| Charter Class: | Savings banks, state charter, supervised by the FDIC |
| Total Assets: | $426,254,000 |
| Total Deposits: | $281,420,000 |
History
| 1888-01-01 | Institution established: Original name:Newport Savings and Loan Association | |
| 1987-06-30 | Changed name to Bank of Newport | |
| 1993-01-01 | Acquired The Island Trust Company (20686) in NEWPORT, RI | |
| 1993-01-01 | Changed organization type to MUTUAL SAVINGS BANK | |
| 1993-01-01 | Changed name to Newport Federal Savings Bank | |
| 2005-10-14 | Acquired Westerly Savings Bank (30804) in WESTERLY, RI | |
| 2006-07-06 | Changed organization type to STOCK SAVINGS BANK | |
| 2011-07-21 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY | |
| 2013-09-07 | Merged into and subsequently operated as part of Savings Institute Bank and Trust Company (18214) in WILLIMANTIC, CT | |
| 2014-12-30 | Changed institution class to FDIC SUPERVISED SAVINGS BANK | |
| 2014-12-30 | Changed institution class to FDIC SUPERVISED SAVINGS BANK | |
| 2014-12-30 | Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION | |
| 2015-04-06 | Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD | |
| 2015-04-06 | Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS | |
| 2019-05-17 | Merged into and subsequently operated as part of Berkshire Bank (23621) in PITTSFIELD, MA |