Georgetown Bank
Status: | Inactive as of 05/23/2017 |
Absorption - Without Assistance | |
Successor Bank: | Salem Five Cents Savings Bank |
Headquarters: | Georgetown Bank 2 East Main Street Georgetown, MA 01833 |
Established: | 05/21/1868 |
FDIC Insurance: | 08/09/1989 |
FDIC Cert: | #90202 |
Charter Class: | Savings banks, state charter, supervised by the FDIC |
Total Assets: | $321,835,000 |
Total Deposits: | $242,800,000 |
History
1868-05-21 | Institution established but was not FDIC insured. Original name: Georgetown Savings Bank | |
1985-08-26 | Became FDIC insured. | |
2005-01-05 | Changed institution class to OCC SUPERVISED SAVINGS BANKS | |
2005-01-05 | Changed organization type to STOCK SAVINGS BANK | |
2005-01-05 | Changed primary regulatory agency from STATE to OFFICE OF THRIFT SUPERVISION | |
2005-01-06 | Change trust powers from TRUST POWERS NOT GRANTED to LIMITED TRUST POWERS GRANTED | |
2011-07-21 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY | |
2012-08-27 | Changed name to Georgetown Bank | |
2017-05-23 | Merged into and subsequently operated as part of Salem Five Cents Savings Bank (23296) in SALEM, MA | |
2018-08-17 | Acquired Sage Bank (26467) in LOWELL, MA | |
2018-10-05 | Change trust powers from LIMITED TRUST POWERS GRANTED to FULL TRUST POWERS GRANTED |