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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).

56
Failures
857
Mergers
119
Enforcement
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Bank Directory
All Massachusetts banks

Failures in Massachusetts

Date Bank City Assets Acquirer or resolution
Apr 16, 2010 Butler Bank Lowell $245.5M People's United Bank
Oct 21, 1994 Ludlow Savings Bank Ludlow $222.7M Albany Savings Bank FSB
May 6, 1994 Commercial Bank and Trust Company Lowell $30.3M Medford Savings Bank
Dec 4, 1992 Heritage Bank for Savings Holyoke $1.29B Fleet Bank of Ma N.A.
Nov 13, 1992 Guaranty-First Trust Company Waltham $353.2M Fleet Bank of Ma N.A.
Sep 18, 1992 Plymouth Five Cents Savings Bank Plymouth $221.0M Citizens Bank of MA
Aug 21, 1992 Attleboro Pawtucket SB Pawtucket $632.5M New Bedford Inst for SVG
Aug 14, 1992 Winchendon Savings Bank Winchendon $65.2M Athol Savings Bank
Jul 31, 1992 Massachusetts Bank & Trust Co. Brockton $61.8M Haymarket Coop Bank
Jul 17, 1992 New England FSA Wellesley $137.3M Cambridgeport Bank
Jun 26, 1992 Olympic International Bank & Trust Boston $140.3M Haymarket Coop Bank
Jun 12, 1992 Landmark Bank for Savings Whitman $62.1M Abington Savings Bank
May 29, 1992 Workingmen's Co-Operative Bank Boston $223.7M First NB of Boston
May 15, 1992 Malden Trust Company Malden $225.2M Eastern Bank
Apr 24, 1992 SouthState Bank for Savings Brockton $285.9M Baybank
Apr 24, 1992 Shore Bank & Trust Co. Lynn $183.2M Eastern Bank
Mar 27, 1992 Vanguard Savings Bank Holyoke $427.9M Fleet Bank of Ma N.A.
Mar 20, 1992 The Bank for Savings Malden $398.0M Medford Savings Bank
Mar 6, 1992 New Heritage Bank Lawrence $99.8M First NB of Boston
Feb 14, 1992 The Central Savings Bank Lowell $369.1M Massbank for Savings
Dec 13, 1991 Merchants National Bank Leominster $153.6M Worcester County Institutio
Dec 12, 1991 Granite Co-Operative Bank Quincy $103.8M South Boston Savings Bank
Oct 25, 1991 Coolidge Bank and Trust Company Boston $321.2M Pioneer Financial, a Cooper
Sep 27, 1991 Plymouth FSA Plymouth $174.7M Branch sale
Sep 27, 1991 Midcounty Bank and Trust Company Norwood $62.1M Dedham Institution for Savi
Sep 20, 1991 Bank Five for Savings Arlington $386.6M Cambridge Savings Bank
Aug 30, 1991 Lowell Institution for Savings Lowell $386.4M The Family Mutual Savings B
Jun 28, 1991 First Mutual Bank for Savings Boston $1.13B First National Bank of Bost
Jun 21, 1991 Beacon Co-Operative Bank Boston $31.8M Grove Bank
Jun 7, 1991 Woburn Five Cents Savings Bank Woburn $247.2M Sterling Bank
May 31, 1991 University Bank, N.A. Newton $318.8M Sterling Bank
May 3, 1991 Boston Trade Bank Boston $307.0M The First National Bank of
Mar 15, 1991 The Blackstone Bank and Trust Co Boston $49.3M Baybank Boston, N.A.
Mar 14, 1991 Coolidge Corner Co-Operative Bank Brookline $83.7M Brookline Savings Bank
Jan 6, 1991 Bank of New England, National Assoc Boston $13.43B New Bank of New England, N.A.
Dec 28, 1990 Capitol Bank and Trust Company Boston $485.6M —
Dec 14, 1990 Comfed Savings Bank Lowell $1.40B Branch sale
Dec 12, 1990 New England Allbank for Savings Gardner $173.3M Worcester County Institutio
Oct 19, 1990 First American Bank for Savings Boston $526.2M The Boston Five Cents Savin
Sep 21, 1990 Sentry Federal Savings Bank Hyannis $735.5M New Bedford Institution for
Jul 6, 1990 Milford Savings Bank Milford $328.1M Peoples Savings Bank
Jun 29, 1990 Eliot Savings Bank Boston $479.5M South Boston Savings Bank
Jun 8, 1990 Home Federal Worcester $235.8M Branch sale
Jun 1, 1990 The Home National Bank of Milford Milford $461.7M Baybank Middlesex
May 18, 1990 Merchantsbank of Boston, a Co-Op Boston $392.2M The First National Bank of
Apr 27, 1990 Home Owners Savings Bank Burlington $3.49B Branch sale
Mar 31, 1989 First Service Bank for Savings Leominster $880.7M Peoples Savings Bank
Oct 16, 1987 Yankee Bank for Finance & Saving Boston $525.5M Boston Five Cents SB FSB
Jan 23, 1987 The First National Bank of Marlborough Marlborough $60.7M Worcester CNTY Inst for
Jul 30, 1982 Unity BK & TR Company Boston $12.8M Boston Bank of Commerce

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.

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