Valley Savings Bank

Status:Inactive as of 11/19/1994
 Merger - Without Assistance
Successor Bank:Summit Bank
Headquarters:Valley Savings Bank
15 Ver Valen St Closter Plaza
Closter, NJ 07624
Established:01/01/1888
FDIC Insurance:08/09/1989
FDIC Cert:#27954
Charter Class:
Total Assets:$373,961,000
Total Deposits:$279,544,000

History

1888-01-01Institution established: Original name:Valley Savings and Loan Association
1988-01-31Changed name to Valley Savings Bank, SLA
1988-11-30Changed organization type to STOCK SAVINGS & LOAN
1992-12-31Changed organization type to STOCK SAVINGS BANK
1992-12-31Changed name to Valley Savings Bank
1992-12-31Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1994-11-19Merged into and subsequently operated as part of United Jersey Bank (550) in HACKENSACK, NJ
1995-02-18Acquired Palisade Savings Bank, F.S.B. (30013) in RIDGEFIELD PARK, NJ
1995-09-23Acquired New Jersey Savings Bank (12020) in SOMERVILLE, NJ
1996-02-24Acquired The Flemington National Bank and Trust Company (6335) in FLEMINGTON, NJ
1996-07-13Changed name to Summit Bank (550)
1996-07-13Acquired Summit Bank (8610) in SUMMIT, NJ
1997-02-08Acquired Central Jersey Savings Bank, SLA (28442) in EAST BRUNSWICK, NJ
1997-06-07Acquired The Bank of Mid-Jersey (8607) in BORDENTOWN, NJ
1998-03-14Acquired Collective Bank (28429) in EGG HARBOR, NJ
2001-03-01Acquired Summit Bank (17944) in NORWALK, CT
2001-03-01Acquired Summit Bank (7406) in BETHLEHEM, PA
2001-03-01Merged into and subsequently operated as part of Fleet National Bank (2558) in PROVIDENCE, RI
2004-02-01Acquired Progress Bank (30529) in BLUE BELL, PA
2005-03-18Acquired Fleet Maine, National Association (33987) in SOUTH PORTLAND, ME
2005-06-13Merged into and subsequently operated as part of Bank of America, National Association (3510) in CHARLOTTE, NC
2006-09-22Acquired MBNA America Delaware, National Association (34680) in WILMINGTON, DE
2008-02-22Acquired United States Trust Company , National Association (34061) in NEW YORK, NY
2008-06-30Acquired Bank of America Georgia, National Association (57117) in ATLANTA, GA
2008-10-17Acquired LaSalle Bank National Association (15407) in CHICAGO, IL
2008-10-17Acquired LaSalle Bank Midwest National Association (22488) in TROY, MI
2009-01-16Maintained operations with government open bank assistance.
2009-04-27Acquired Countrywide Bank, FSB (33143) in CENTENNIAL, CO
2009-07-01Acquired Merrill Lynch Bank USA (27374) in SALT LAKE CITY, UT
2009-11-02Acquired Merrill Lynch Bank & Trust Co., FSB (34571) in NEW YORK, NY
2013-04-01Acquired Bank of America, Rhode Island, National Association (58032) in PROVIDENCE, RI
2013-04-01Acquired Bank of America Oregon, National Association (35453) in PORTLAND, OR
2014-10-01Acquired FIA Card Services, National Association (33318) in WILMINGTON, DE
2020-03-31Acquired Recontrust Company, National Association (58026) in SIMI VALLEY, CA

Financial Information (1993-12-31 and Older)