Danversbank

Status:Inactive as of 07/01/2011
 Merger - Without Assistance
Successor Bank:People's United Bank
Headquarters:Danversbank
1 Conant Street
Danvers, MA 01923
Established:03/01/1850
FDIC Insurance:08/09/1989
FDIC Cert:#90185
Charter Class:
Total Assets:$2,583,385,000
Total Deposits:$2,078,925,000

History

1850-03-01Institution established but was not FDIC insured. Original name: Danvers Savings Bank
1985-09-06Changed primary regulatory agency from STATE to FEDERAL DEPOSIT INSURANCE CORPORATION
1985-09-06Became FDIC insured.
1987-12-31Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1998-11-18Reorganized.
1998-11-18Changed organization type to STOCK SAVINGS BANK
2001-09-27Acquired Revere Federal Savings and Loan Association (28423) in REVERE, MA
2004-12-23Changed name to DanversBank
2007-02-23Acquired BankMalden, A Co-operative Bank (26449) in MALDEN, MA
2008-01-09Reorganized.
2010-02-12Acquired The Beverly National Bank (2557) in BEVERLY, MA
2011-07-01Merged into and subsequently operated as part of People's United Bank (27334) in BRIDGEPORT, CT
2011-07-21Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to COMPTROLLER OF THE CURRENCY
2015-02-23Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2015-02-23Changed name to People's United Bank, National Association (27334)
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 (2011-06-30 and Older)