Butler Bank

Status:Inactive as of 04/16/2010
 Absorption - Assisted
Successor Bank:People's United Bank
Headquarters:Butler Bank
10 George Street
Lowell, MA 01852
Established:01/01/1901
FDIC Insurance:08/09/1989
FDIC Cert:#26619
Charter Class:
Total Assets:$245,534,000
Total Deposits:$227,420,000

History

1901-01-01Institution established but was not FDIC insured. Original name: Butler Bank--A Co-operative Bank
1986-04-02Became FDIC insured.
2005-12-23Changed name to Butler Bank
2008-11-10Acquired Marlborough Co-operative Bank (26510) in MARLBOROUGH, MA
2010-04-16Failed. Acquired with government financial assistance and subsequently operated as part of People's United Bank (27334)
2010-11-30Acquired Bank of Smithtown (664) in SMITHTOWN, NY
2010-11-30Acquired RiverBank (23288) in NORTH ANDOVER, MA
2011-07-01Acquired Danversbank (90185) in DANVERS, MA
2011-07-21Changed primary regulatory agency from STATE to COMPTROLLER OF THE CURRENCY
2015-02-23Changed name to People's United Bank, National Association (27334)
2015-02-23Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2015-02-23Changed organization type to COMMERCIAL BANK
2017-04-01Acquired The Suffolk County National Bank of Riverhead (7278) in RIVERHEAD, NY
2018-10-01Acquired Farmington Bank (18208) in FARMINGTON, CT
2019-04-01Acquired Belmont Savings Bank (23901) in BELMONT, MA
2019-11-01Acquired United Bank (18203) in HARTFORD, CT

Financial Information (2010-03-31 and Older)