Danversbank

Details Danversbank Danversbank

www.danversbank.com

Massachusetts

Essex

Danvers

(SB) Savings banks, state charter

inactive

90185

1850

FDIC Certificate Number: 90185
FDIC's unique number: 17776
The FDIC Field Office where an institution is physically located: North Boston

Federal Reserve ID Number: 750305
Report Date: 2011-06-30

Bank Charter Class: SB

Number of Domestic Offices: 28
Number of Foreign Offices: 0
The date of the last data update: 2011-07-28

1850-03-01 Institution established but was not FDIC insured. Original name: Danvers Savings Bank.
1985-09-06 Changed primary regulatory agency from State to Federal Deposit Insurance Corporation.
1985-09-06 Became FDIC insured.
1987-12-31 Changed trust powers from Trust Powers Not Granted to Full Trust Powers Granted.
1998-11-18 Reorganized.
1998-11-18 Changed organization type to Stock Savings Bank.
2001-09-27 Acquired Revere Federal Savings And Loan Association in Revere, Massachusetts.
2004-12-23 Changed name to Danversbank .
2005-06-02 Changed name to Danversbank .
2007-02-23 Acquired Bankmalden, A Co-operative Bank in Malden, Massachusetts.
2008-01-09 Reorganized.
2010-02-12 Acquired The Beverly National Bank in Beverly, Massachusetts.
2011-07-01 Merged into and subsequently operated as part of People's United Bank in Bridgeport, Connecticut.
2011-07-21 Changed primary regulatory agency from Federal Deposit Insurance Corporation to Comptroller Of The Currency.

Total assets: $2,583,385,000
Total deposits: $2,078,925,000
Deposits held in domestic offices: $2,078,925,000
Equity capital: $235,543,000

Net income: $737,000

Return on Assets: 0.05
Return on Equity: 0.63
Last updated on: 2011-10-20

Bank Holding Company: Danvers Bancorp, Inc.

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