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

1970-01-01Institution established but was not FDIC insured. Original name: Chelsea-Provident Co-operative Bank
1986-02-19Became FDIC insured.
2008-05-15Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2008-05-15Changed primary regulatory agency from STATE to FEDERAL RESERVE BOARD
2010-10-15Changed name to Chelsea Bank
2015-03-01Merged into and subsequently operated as part of East Cambridge Savings Bank (90173) in CAMBRIDGE, MA

Financial Information (2014-12-31 and Older)