The Brooklyn Savings Bank

Status:Inactive as of 10/19/1990
 Absorption - Assisted
Successor Bank:Savings Institute Bank and Trust Company
Headquarters:The Brooklyn Savings Bank
145 Main Street
Danielson, CT 06239
Established:01/01/1872
FDIC Insurance:07/01/1960
FDIC Cert:#18236
Charter Class:
Total Assets:$130,931,000
Total Deposits:$93,816,000

History

1872-01-01Institution established: Original name:The Brooklyn Savings Bank
1987-03-04Changed organization type to STOCK SAVINGS BANK
1990-10-19Failed. Acquired with government financial assistance and subsequently operated as part of Willimantic Savings Institute (18214)
1991-01-15Change trust powers from TRUST POWERS NOT GRANTED to FULL POWERS GRANTED, EXERCISED
1991-03-18Changed name to Savings Institute (18214)
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 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
2004-08-06Changed name to Savings Institute Bank and Trust Company (18214)
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