Savings Institute Bank and Trust Company

Status:Inactive as of 2019-05-17
 Absorption - Without Assistance
Successor Bank:Berkshire Bank
Headquarters:Savings Institute Bank and Trust Company
803 Main Street
Willimantic, CT 06226
Established:1842-01-01
FDIC Insurance:1960-07-01
FDIC Cert:#18214
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
# of Branches:23
Total Assets:$1,682,127,000
Total Deposits:$1,320,967,000

History

1842-01-01Institution established: Original name:Willimantic Savings Institute
1990-09-24Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1990-10-19Acquired The Brooklyn Savings Bank (18236) in DANIELSON, CT
1991-01-15Change trust powers from FULL TRUST POWERS GRANTED to FULL POWERS GRANTED, EXERCISED
1991-03-18Changed name to Savings Institute
1991-08-16Acquired Enfield National Bank (27463) in ENFIELD, CT
2000-06-14Changed organization type to STOCK SAVINGS BANK
2000-06-14Change trust powers from FULL POWERS GRANTED, EXERCISED to FULL TRUST POWERS GRANTED
2004-08-06Changed name to Savings Institute Bank and Trust Company
2004-08-06Changed institution class to OCC SUPERVISED SAVINGS BANKS
2004-08-06Change trust powers from FULL TRUST POWERS GRANTED to LIMITED TRUST POWERS GRANTED
2004-08-06Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to OFFICE OF THRIFT SUPERVISION
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2013-09-07Acquired Newport Federal Savings Bank (30626) in NEWPORT, RI
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 (2019-03-31 and Older)