SOUTH SHORE BANK HISTORY
- Bank Name:South Shore Bank
- Bank Class:Federal Reserve Member Bank
- Member FDIC:Certificate #90303
- Locations:14 Branches in Massachusetts
South Shore Bank was founded on February 1, 1833 and has been serving the financial needs of their customers for over 191 years.
South Shore Bank currently operates with 14 branches located in Massachusetts as a subsidiary of South Shore Bancorp Mhc. 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 South Shore Bank, including mergers and acquisitions.
DATEEVENT
02-01-1833Institution established but was not FDIC insured. Original name: Weymouth Savings Bank.
10-29-1970Changed Institution Name to Weymouth Savings Bank.
11-19-1985Became FDIC insured.
11-19-1985Changed Trust Powers to Full.
10-01-1997Changed Institution Name to South Shore Savings Bank.
10-01-1997Acquired South Weymouth Savings Bank (90280) in South Weymouth, MA.
10-01-1997Main Office moved to 1530 Main Street, Weymouth, MA 02190.
12-30-1997Changed Trust Powers to None.
02-19-2004Changed Organization Type to Stock Savings Bank.
02-19-2004Acquired Horizon Bank and Trust Company (34674) in Braintree, MA.
07-16-2004Main Office moved to 1530 Main Street, South Weymouth, MA 02190.
07-27-2011Institution becomes member of the Federal Reserve System.
07-27-2011Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).
07-27-2011Changed Primary Federal Regulatory Agency to Fed.
07-27-2011Main Office moved to 1530 Main St, South Weymouth, MA 02190.
07-27-2011Changed Institution Name to South Shore Savings Bank.
01-01-2013Changed Institution Name to South Shore Bank.
11-01-2017Acquired The Braintree Co-operative Bank (26570) in Braintree, MA.
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