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 |
|---|---|---|
| Apr 1, 2000 | Lowell Electric Light Employees Credit Union | First Choice Credit Union |
| Jan 31, 2000 | Edico Federal Credit Union | Bridgewater Credit Union |
| Jan 28, 2000 | Ust Corp. | Citizens Financial Group, Inc. |
| Jan 12, 2000 | USTrust | Citizens Bank of Massachusetts |
| Jan 7, 2000 | Affiliated Community Bancorp, Inc. | Ust Corp. |
| Dec 23, 1999 | State Street Brokerage Services, Inc. | State Street Bank and Trust Company |
| Dec 4, 1999 | Middlesex County Employees Federal Credit Union | Metro Credit Union |
| Nov 1, 1999 | Frelco Employees Federal Credit Union | St. Anne's Credit Union |
| Oct 9, 1999 | Feather Flex Federal Credit Union | Saint Anthony of New Bedford Federal Credit Union |
| Oct 1, 1999 | Bankboston Corporation | Fleetboston Financial Corporation |
| Oct 1, 1999 | HP Family Federal Credit Union | First Technology Federal Credit Union |
| Oct 1, 1999 | Colonial Gas Employees Federal Credit Union | Jeanne D'Arc Credit Union |
| Oct 1, 1999 | Twinbrook Federal Credit Union | First Technology Federal Credit Union |
| Sep 25, 1999 | United Bank | The Bank of Western Massachusetts |
| Sep 18, 1999 | Bank of Easthampton, A Co-operative Bank | Florence Bank |
| Aug 9, 1999 | East Bridgewater Co-operative Bank | Coastal Heritage Bank |
| Jul 2, 1999 | American Chapels Credit Union | Tremont Credit Union |
| May 1, 1999 | Sheraton Federal Credit Union | Metro Credit Union |
| May 1, 1999 | Corps of Engineers Federal Credit Union | Hanscom Federal Credit Union |
| Jan 1, 1999 | Springfield Institution for Savings | Family Bank, National Association |
| Jan 1, 1999 | Crosby Ashton Employees Federal Credit Union | Bridgewater Credit Union |
| Jan 1, 1999 | Lenox Financial Services Corp. | Mutual Bancorp of the Berkshires, Inc. |
| Jan 1, 1999 | Sis Bancorp, Inc. | Peoples Heritage Merger Corp. |
| Dec 24, 1998 | Belmont Associates, Inc. | Provident Bank |
| Dec 18, 1998 | New England Joint Board Federal Credit Union | Metro Credit Union |
| Dec 5, 1998 | The Sandwich Co-operative Bank | Compass Bank for Savings |
| Dec 5, 1998 | The Federal Savings Bank | USTrust |
| Nov 30, 1998 | Worcester Municipal Employees Federal Credit Union | Worcester Credit Union |
| Nov 14, 1998 | Lexington Savings Bank | USTrust |
| Oct 1, 1998 | Natick QM Federal Credit Union | Hanscom Federal Credit Union |
| Sep 21, 1998 | Charlestown Co-operative Bank | The Cooperative Bank |
| Aug 14, 1998 | Woburn National Bank | Citizens Bank of Massachusetts |
| Jul 21, 1998 | Somerset Savings Bank | USTrust |
| Jun 12, 1998 | Haymarket Co-operative Bank | Century Bank and Trust Company |
| Jun 1, 1998 | Fitchburg Postal Employees Credit Union | Workers Federal Credit Union |
| May 8, 1998 | Northeast Postal Federal Credit Union | Metro Credit Union |
| Apr 11, 1998 | Orange Savings Bank | Family Bank, National Association |
| Apr 11, 1998 | Safety Fund National Bank | Family Bank, National Association |
| Apr 1, 1998 | Charlton Memorial Hospital Federal Credit Union | Southcoast Federal Credit Union |
| Mar 21, 1998 | The Foxboro National Bank of Foxborough | Benjamin Franklin Bank |
| Mar 14, 1998 | Shirley Co-operative Bank | Fidelity Co-Operative Bank |
| Mar 1, 1998 | Northern Berkshire Postal Employees Federal Credit Union | Landmark Credit Union |
| Feb 28, 1998 | The Hibernia Savings Bank | Eastern Bank |
| Jan 1, 1998 | Leicester Savings Bank | Country Bank for Savings |
| Jan 1, 1998 | Inner-Tite Employees Federal Credit Union | All One Credit Union |
| Jan 1, 1998 | Massachusetts State Grange Federal Credit Union | All One Credit Union |
| Dec 31, 1997 | Lowell Sun Employees Credit Union | Jeanne D'Arc Credit Union |
| Dec 6, 1997 | First National Bank of the Berkshires | Legacy Banks |
| Nov 1, 1997 | Pacific National Bank of Nantucket | Fleet National Bank |
| Oct 1, 1997 | South Weymouth Savings Bank | South Shore Bank |
The list holds the 500 most recent of 857 mergers.