SALEM FIVE CENTS SAVINGS BANK HISTORY
- Bank Name:Salem Five Cents Savings Bank
- Bank Class:State Savings Bank
- Member FDIC:Certificate #23296
- Locations:34 Branches in Massachusetts
Salem Five Cents Savings Bank was founded on March 9, 1855 and has been serving the financial needs of their customers for over 169 years.
Salem Five Cents Savings Bank currently operates with 34 branches located in Massachusetts as a subsidiary of Salem Five Bancorp. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Salem Five Cents Savings Bank, including mergers and acquisitions.
DATEEVENT
01-02-1981FDIC Certificate number changed to .
01-02-1981Became FDIC insured.
02-10-2006Acquired Heritage Co-operative Bank (26514) in Salem, MA.
02-10-2006Changed Organization Type to Stock Savings Bank.
01-27-2007Main Office moved to 71 Washington Street, Salem, MA 01970.
07-11-2011Changed Trust Powers to Limited.
11-24-2013Acquired Stoneham Savings Bank (90286) in Stoneham, MA.
05-23-2017Acquired Georgetown Bank (90202) in Georgetown, MA.
08-17-2018Acquired Sage Bank (26467) in Lowell, MA.
10-05-2018Changed Trust Powers to Full.
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