Bank Five for Savings
Status: | Inactive as of 09/20/1991 |
Absorption - Assisted | |
Successor Bank: | Cambridge Savings Bank |
Headquarters: | Bank Five for Savings 626 Massachusetts Avenue Arlington, MA 02476 |
Established: | 04/02/1860 |
FDIC Insurance: | 08/09/1989 |
FDIC Cert: | #24502 |
Charter Class: | |
Total Assets: | $386,572,000 |
Total Deposits: | $402,696,000 |
History
1860-01-01 | Institution established but was not FDIC insured. Original name: Arlington Five Cents Savings Bank (90144) | |
1983-04-29 | Became FDIC insured. | |
1983-04-29 | FDIC certificate number changed from (90144) to | |
1983-04-29 | Acquired Tanners National Bank in Woburn (13981) in WOBURN, MA | |
1984-08-17 | Changed name to Bank Five for Savings | |
1991-09-20 | Failed. Acquired with government financial assistance and subsequently operated as part of Cambridge Savings Bank (17870) | |
1992-12-30 | Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED | |
1998-09-16 | Changed organization type to STOCK SAVINGS BANK | |
1998-09-16 | Reorganized. | |
2002-07-17 | Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED | |
2020-06-01 | Acquired Melrose Bank (26511) in MELROSE, MA |