Chelsea Bank
Status: | Inactive as of 03/01/2015 |
Merger - Without Assistance | |
Successor Bank: | East Cambridge Savings Bank |
Headquarters: | Chelsea Bank 360 Broadway Chelsea, MA 02150 |
Established: | 01/01/1970 |
FDIC Insurance: | 02/19/1986 |
FDIC Cert: | #26548 |
Charter Class: | Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) |
Total Assets: | $56,521,000 |
Total Deposits: | $50,058,000 |
History
1970-01-01 | Institution established but was not FDIC insured. Original name: Chelsea-Provident Co-operative Bank | |
1986-02-19 | Became FDIC insured. | |
2008-05-15 | Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS | |
2008-05-15 | Changed primary regulatory agency from STATE to FEDERAL RESERVE BOARD | |
2010-10-15 | Changed name to Chelsea Bank | |
2015-03-01 | Merged into and subsequently operated as part of East Cambridge Savings Bank (90173) in CAMBRIDGE, MA |