Saugus Bank and Trust Company
Status: | Inactive as of 11/11/1994 |
Merger - Without Assistance | |
Successor Bank: | Eastern Bank |
Headquarters: | Saugus Bank and Trust Company 460-472 Lincoln Avenue Saugus, MA 01906 |
Established: | 06/15/1928 |
FDIC Insurance: | 01/01/1934 |
FDIC Cert: | #9714 |
Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
Total Assets: | $193,407,000 |
Total Deposits: | $179,035,000 |
History
1928-06-15 | Institution established: Original name:Saugus Bank and Trust Company | |
1994-11-11 | Merged into and subsequently operated as part of Eastern Bank (32773) in LYNN, MA | |
1998-02-28 | Acquired The Hibernia Savings Bank (22054) in QUINCY, 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 organization type to TRUST COMPANY | |
2004-08-01 | Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS | |
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. |