Saugusbank, a Co-operative bank
| Status: | Inactive as of 09/01/2014 |
| Absorption - Without Assistance | |
| Successor Bank: | North Shore Bank, a Co-operative Bank |
| Headquarters: | Saugusbank, a Co-operative bank 489 Lincoln Avenue Saugus, MA 01906 |
| Established: | 01/01/1911 |
| FDIC Insurance: | 02/27/1986 |
| FDIC Cert: | #26574 |
| Charter Class: | |
| Total Assets: | $205,646,000 |
| Total Deposits: | $168,757,000 |
History
| 1911-01-01 | Institution established but was not FDIC insured. Original name: Saugus Co-operative Bank | |
| 1986-02-27 | Became FDIC insured. | |
| 1986-02-27 | Changed primary regulatory agency from STATE to FEDERAL DEPOSIT INSURANCE CORPORATION | |
| 2000-10-26 | Changed name to Saugusbank, a Co-operative bank | |
| 2014-09-01 | Merged into and subsequently operated as part of North Shore Bank, a Co-operative Bank (26484) in PEABODY, MA | |
| 2014-09-01 | Moved bank headquarters from SAUGUS, MA to PEABODY, MA | |
| 2015-11-01 | Acquired Merrimac Savings Bank (90240) in MERRIMAC, MA | |
| 2019-10-01 | Acquired Beverly Bank (26601) in BEVERLY, MA | |
| 2024-06-20 | Changed Bank Class to SM. | |
| 2024-06-20 | Changed Primary Federal Regulatory Agency from FDIC to FED. | |
| 2024-06-20 | Institution becomes member of the Federal Reserve System. |