Salem Five Cents Savings Bank, History

The following are major historical events for Salem Five Cents Savings Bank, including mergers and acquisitions.

1855-01-01		Institution established but was not FDIC insured. Original name: Salem Five Cents Savings Bank (90274)
1981-01-02		FDIC certificate number changed from (90274) to
1981-01-02		Became FDIC insured.
2006-02-10		Acquired Heritage Co-operative Bank (26514) in SALEM, MA
2006-02-10		Changed organization type to STOCK SAVINGS BANK
2011-07-11		Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
2013-11-24		Acquired Stoneham Savings Bank (90286) in STONEHAM, MA
2017-05-23		Acquired Georgetown Bank (90202) in GEORGETOWN, MA
2018-08-17		Acquired Sage Bank (26467) in LOWELL, MA
2018-10-05		Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED