Somerset Savings Bank

Status:Inactive as of 07/21/1998
 Merger - Without Assistance
Successor Bank:USTrust
Headquarters:Somerset Savings Bank
212 Elm Street
Somerville, MA 02144
Established:01/01/1885
FDIC Insurance:09/10/1985
FDIC Cert:#90278
Charter Class:
Total Assets:$524,264,000
Total Deposits:$444,234,000

History

1885-01-01Institution established but was not FDIC insured. Original name: Somerville Savings Bank
1983-05-02Acquired Somerset Savings Bank (90277) in SOMERVILLE, MA
1983-05-02Changed name to Somerset Savings Bank
1985-09-10Became FDIC insured.
1986-07-16Changed organization type to STOCK SAVINGS BANK
1998-07-21Merged into and subsequently operated as part of USTrust (17971) in BOSTON, MA
1998-11-13Acquired Lexington Savings Bank (90225) in LEXINGTON, MA
1998-12-04Acquired The Federal Savings Bank (28202) in WALTHAM, MA
2000-01-11Merged into and subsequently operated as part of Citizens Bank of Massachusetts (18562) in BOSTON, MA
2002-10-15Acquired Medford Savings Bank (23290) in MEDFORD, MA
2003-07-31Acquired CambridgePort Bank (90172) in CAMBRIDGE, MA
2003-11-01Acquired Community National Bank (2593) in HUDSON, MA
2007-09-01Changed name to RBS Citizens, National Association (57957)
2007-09-01Acquired RBS National Bank (57858) in BRIDGEPORT, CT
2007-09-01Acquired Citizens Bank of Connecticut (18197) in NEW LONDON, CT
2007-09-01Acquired Charter One Bank, National Association (28932) in CLEVELAND, OH
2007-09-01Acquired Citizens Bank (57281) in WILMINGTON, DE
2007-09-01Merged into and subsequently operated as part of RBS Citizens, National Association (57957) in PROVIDENCE, RI
2007-09-01Acquired Citizens Bank New Hampshire (6214) in MANCHESTER, NH
2007-09-01Acquired Citizens Bank of Rhode Island (16954) in PROVIDENCE, RI
2012-07-06Reorganized.
2014-04-16Changed name to Citizens Bank, National Association (57957)
2019-01-02Acquired Citizens Bank of Pennsylvania (57282) in PHILADELPHIA, PA

Financial Information (1997-12-31 and Older)