First Essex Bank

Status:Inactive as of 02/06/2004
 Merger - Without Assistance
Successor Bank:Santander Bank, N.A.
Headquarters:First Essex Bank
290-296 Essex Street
Lawrence, MA 01842
Established:03/15/1847
FDIC Insurance:08/09/1989
FDIC Cert:#90219
Charter Class:
Total Assets:$1,748,686,000
Total Deposits:$1,300,932,000

History

1847-03-15Institution established but was not FDIC insured. Original name: Essex Broadway Savings Bank
1980-11-01Changed name to First Essex Savings Bank
1985-07-02Became FDIC insured.
1987-08-04Changed organization type to STOCK SAVINGS BANK
1993-12-01Changed primary regulatory agency from STATE to OFFICE OF THRIFT SUPERVISION
1993-12-01Changed name to First Essex Bank, FSB
1993-12-01Acquired First Essex Savings Bank of New Hampshire (26714) in WINDHAM, NH
1996-12-30Acquired Pelham Bank and Trust Company (19880) in PELHAM, NH
2001-03-31Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2001-03-31Changed institution class to FDIC SUPERVISED SAVINGS BANK
2001-03-31Changed name to First Essex Bank
2004-02-06Merged into and subsequently operated as part of Sovereign Bank (29950) in WYOMISSING, PA
2004-07-23Acquired Compass Bank for Savings (23291) in NEW BEDFORD, MA
2004-07-23Acquired Nantucket Bank (22055) in NANTUCKET, MA
2005-02-11Acquired Waypoint Bank (30174) in HARRISBURG, PA
2006-09-09Acquired Independence Community Bank (16018) in BROOKLYN, NY
2011-06-20Moved bank headquarters from WYOMISSING, PA to WILMINGTON, DE
2011-07-21Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to COMPTROLLER OF THE CURRENCY
2012-01-26Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2012-01-26Changed name to Sovereign Bank, National Association (29950)
2012-01-26Changed organization type to COMMERCIAL BANK
2013-10-17Changed name to Santander Bank, N.A. (29950)

Financial Information (2003-12-31 and Older)