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

1860-01-01Institution established but was not FDIC insured. Original name: Arlington Five Cents Savings Bank (90144)
1983-04-29Became FDIC insured.
1983-04-29FDIC certificate number changed from (90144) to
1983-04-29Acquired Tanners National Bank in Woburn (13981) in WOBURN, MA
1984-08-17Changed name to Bank Five for Savings
1991-09-20Failed. Acquired with government financial assistance and subsequently operated as part of Cambridge Savings Bank (17870)
1992-12-30Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED
1998-09-16Changed organization type to STOCK SAVINGS BANK
1998-09-16Reorganized.
2002-07-17Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED
2020-06-01Acquired Melrose Bank (26511) in MELROSE, MA