Northway Bank

Northway Bank, originally established as Berlin City National Bank in 1934, has undergone several significant changes throughout its history. On April 30, 1974, the institution transitioned to a state-chartered bank and withdrew from membership in the Federal Reserve System, subsequently changing its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC). The bank expanded its operations by acquiring City Savings Bank of Berlin on the same date and later acquired Peoples National Bank of Groveton on October 1, 1981. In 2005, Northway Bank continued its growth strategy by acquiring The Pemigewasset National Bank of Plymouth, after which it officially changed its name to Northway Bank. Notably, the bank changed its trust powers to none on December 31, 1987.

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

1934-01-01Institution established. Original name: Berlin City National Bank.

1974-04-30Institution withdraws from membership in the Federal Reserve System.

1974-04-30Changed Chartering Agency to State.

1974-04-30Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

1974-04-30Changed Primary Federal Regulatory Agency to FDIC.

1974-04-30Acquired City Savings Bank of Berlin in Berlin, NH.

1981-10-01Acquired Peoples National Bank of Groveton in Groveton, NH.

1987-12-31Changed Trust Powers to None.

2005-10-01Changed Institution Name to Northway Bank.

2005-10-01Acquired The Pemigewasset National Bank of Plymouth in Plymouth, NH.