State Hub
Bank Events in Massachusetts
Every FDIC-insured bank failure, merger or acquisition involving a bank, credit union or bank holding company, and regulatory enforcement action affecting banks headquartered in Massachusetts (MA).
Failures in Massachusetts
| Date | Bank | Assets |
|---|---|---|
| Feb 16, 1980 | Mohawk BK & TR Co. | $5.9M |
| Sep 14, 1976 | The New Boston Bank and Trust Company | $6.7M |
| May 9, 1975 | Chicopee Bank & Trust Company | $11.4M |
| May 27, 1972 | Surety Bank and Trust Company | $22.1M |
| Dec 3, 1938 | The National City Bank of Lynn | — |
| Sep 11, 1937 | Stoneham Trust Company | — |
Mergers & Acquisitions involving Massachusetts banks
| Date | Acquired (MA) | Acquirer |
|---|---|---|
| Jul 21, 1997 | Glendale Co-operative Bank | MassBank |
| Jul 1, 1997 | Bancboston Holdings, Inc. | Bankboston Corporation |
| Jun 2, 1997 | Holyoke Municipal Employees Credit Union | Holyoke Credit Union |
| Jun 1, 1997 | Ciba Corning Employees Federal Credit Union | Sharon & Crescent United Credit Union |
| May 28, 1997 | Broadway Capital Corp. | Bostonfed Bancorp, Inc. |
| May 24, 1997 | BayBank, National Association | Fleet National Bank |
| May 24, 1997 | BayBank NH, National Association | Fleet National Bank |
| May 17, 1997 | The Braintree Savings Bank | USTrust |
| May 1, 1997 | Great Barrington Savings Bank | Berkshire Bank |
| Apr 19, 1997 | The Co-operative Bank of Concord | USTrust |
| Mar 5, 1997 | Grove Bank | Citizens Bank of Massachusetts |
| Feb 23, 1997 | Union Federal Savings Bank | Bay State Federal Savings Bank |
| Jan 2, 1997 | Greater Boston Bank A Co-operative Bank | Grove Bank |
| Dec 31, 1996 | University of Massachusetts Students Federal Credit Union | Umassfive College Federal Credit Union |
| Dec 24, 1996 | Shawmut Corporation | Fleetboston Financial Corporation |
| Nov 1, 1996 | Sunbeam Employees Federal Credit Union | First Citizens Federal Credit Union |
| Aug 26, 1996 | National Bank of Fairhaven | Slade's Ferry Trust Company |
| Jul 1, 1996 | The Safety Fund Corporation | CFX Corporation |
| Jun 29, 1996 | South Boston Savings Bank | Fleet National Bank |
| Apr 1, 1996 | Fleet National Bank of Massachusetts | Fleet National Bank |
| Apr 1, 1996 | Fleet Bank of Massachusetts, National Association | Fleet National Bank |
| Apr 1, 1996 | Fleet Bank, National Association | Fleet National Bank |
| Apr 1, 1996 | Fleet National Bank | Fleet National Bank |
| Feb 1, 1996 | Itek Employees Federal Credit Union | RTN Federal Credit Union |
| Feb 1, 1996 | Saints Memorial Employees Federal Credit Union | Jeanne D'Arc Credit Union |
| Dec 1, 1995 | Baybanks, INC.-NEW Hampshire Corporation | Baybank, Inc. |
| Nov 1, 1995 | Baybank Boston, N.A. | BayBank, National Association |
| Sep 1, 1995 | G R Patriot Federal Credit Union | Beacon Federal |
| Sep 1, 1995 | BayBank Connecticut, National Association | Baybank Boston, N.A. |
| Jul 1, 1995 | Stanhome Associates Federal Credit Union | Berkshire Federal Credit Union |
| May 11, 1995 | Bank of Taunton, A Co-operative Bank | People's Savings Bank of Brockton |
| Jan 28, 1995 | New Bedford Institution for Savings | Fleet Bank of Massachusetts, National Association |
| Jan 7, 1995 | Quincy Savings Bank | Citizens Bank of Massachusetts |
| Jan 6, 1995 | Fall River Postal Employees Federal Credit Union | Postal Employees Regional Federal Credit Union |
| Jan 1, 1995 | Chestnut Hill Bank & Trust Company | Capital Crossing Bank |
| Jan 1, 1995 | Leominster Municipal Employees Federal Credit Union | Leominster Employees Federal Credit Union |
| Dec 31, 1994 | Octane Credit Union | Touchstone Federal Credit Union |
| Dec 29, 1994 | Martha's Vineyard National Bank | Compass Bank for Savings |
| Dec 21, 1994 | Usda of North East Employees Federal Credit Union | Hanscom Federal Credit Union |
| Dec 10, 1994 | Metropolitan Bank and Trust Company | Central Co-operative Bank |
| Nov 11, 1994 | Saugus Bank and Trust Company | Eastern Bank |
| Nov 1, 1994 | Baldwinville Co-operative Bank | Colonial Co-operative Bank |
| Oct 1, 1994 | Farmco Employees Credit Union | Four Points Federal Credit Union |
| Oct 1, 1994 | Treasure Credit Union | Franklin First Federal Credit Union |
| Sep 30, 1994 | Cohasset Savings Bank | Fleet National Bank of Massachusetts |
| Sep 30, 1994 | West Newton Savings Bank | Fleet National Bank of Massachusetts |
| Aug 20, 1994 | Pioneer Financial, A Cooperative Bank | Fleet National Bank |
| Aug 16, 1994 | Sterling Bancshares Corporation | Fleetboston Financial Corporation |
| Aug 16, 1994 | Sterling Bank | Fleet Bank of Massachusetts, National Association |
| Jul 1, 1994 | Quincy P & G Federal Credit Union | Bridgewater Credit Union |
The list holds the 500 most recent of 857 mergers.