Abington Bank

Abington Bank, originally established as Pilgrim Co-operative Bank in 1916, operated for over a century in the banking industry. Initially not insured by the Federal Deposit Insurance Corporation (FDIC), the institution evolved significantly over the years. On January 26, 2010, it transitioned to a Cooperative Bank Stock organization type, and on February 21, 2019, it became a member of the Federal Reserve System, changing its primary federal regulatory agency to the Federal Reserve and its bank class to State Chartered Bank. The institution adopted the name Abington Bank on the same date and moved its main office to 6 Harrison Avenue, Abington, Massachusetts. In May 2019, Abington Bank acquired another financial entity sharing the same name, and subsequently, on October 8, 2022, it acquired Envision Bank based in Randolph, Massachusetts. The bank's history culminated when it merged with North Shore Bank, a cooperative bank located in Peabody, Massachusetts, on September 21, 2024.

Below is a list of some important events in banks history, including mergers and acquisitions.

1916-01-01Institution established but was not FDIC insured. Original name: Pilgrim Co-operative Bank.

2010-01-26Changed Organization Type to Cooperative Bank Stock.

2012-05-24Main Office moved to 40 South Main Street, Cohasset, MA 02025.

2019-02-21Institution becomes member of the Federal Reserve System.

2019-02-21Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2019-02-21Changed Primary Federal Regulatory Agency to FED.

2019-05-18Changed Institution Name to Abington Bank.

2019-05-18Main Office moved to 6 Harrison Avenue, Abington, MA 02351.

2019-05-18Acquired Abington Bank in Abington, MA.

2022-10-08Acquired Envision Bank in Randolph, MA.

2024-09-21Merged and became part of North Shore Bank, a Co-operative Bank in Peabody, MA.