Shore Bank and Trust Company

Status:Inactive as of 04/24/1992
 Absorption - Assisted
Successor Bank:Eastern Bank
Headquarters:Shore Bank and Trust Company
One Monroe Street
Lynn, MA 01901
FDIC Insurance:07/16/1987
FDIC Cert:#27002
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$183,184,000
Total Deposits:$184,170,000


1987-07-16Institution established: Original name:Shore Bank and Trust Company
1992-04-24Failed. Acquired with government financial assistance and subsequently operated as part of Eastern Bank (32773)
1992-05-15Acquired Malden Trust Company (8158) in MALDEN, MA
1993-10-12Acquired First Colonial Bank for Savings (23142) in LYNN, MA
1994-11-11Acquired Saugus Bank and Trust Company (9714) in SAUGUS, MA
1998-02-28Acquired The Hibernia Savings Bank (22054) in QUINCY, MA
2002-11-22Acquired Eastern Bank and Trust Company (28) in SALEM, MA
2003-03-31Moved bank headquarters from LYNN, MA to BOSTON, MA
2004-08-01Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2004-08-01Changed organization type to TRUST COMPANY
2005-05-28Acquired Plymouth Savings Bank (23463) in WAREHAM, MA
2007-05-12Acquired Sharon Co-operative Bank (26446) in SHARON, MA
2008-10-10Acquired MassBank (22089) in READING, MA
2011-03-18Acquired Wainwright Bank & Trust Company (27009) in BOSTON, MA
2012-12-01Acquired The Community Bank, A Massachusetts Cooperative Bank (26396) in BROCKTON, MA
2014-10-25Acquired Centrix Bank & Trust (35035) in BEDFORD, NH
2021-11-12Acquired Century Bank and Trust CompanyEastern Bank (19943) in Somerville, MA.