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

1888-01-01Institution established: Original name:Newport Savings and Loan Association
1987-06-30Changed name to Bank of Newport
1993-01-01Acquired The Island Trust Company (20686) in NEWPORT, RI
1993-01-01Changed organization type to MUTUAL SAVINGS BANK
1993-01-01Changed name to Newport Federal Savings Bank
2005-10-14Acquired Westerly Savings Bank (30804) in WESTERLY, RI
2006-07-06Changed organization type to STOCK SAVINGS BANK
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2013-09-07Merged into and subsequently operated as part of Savings Institute Bank and Trust Company (18214) in WILLIMANTIC, CT
2014-12-30Changed institution class to FDIC SUPERVISED SAVINGS BANK
2014-12-30Changed institution class to FDIC SUPERVISED SAVINGS BANK
2014-12-30Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
2015-04-06Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
2015-04-06Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2019-05-17Merged into and subsequently operated as part of Berkshire Bank (23621) in PITTSFIELD, MA

Financial Information (2013-06-30 and Older)