Massachusetts – Norfolk – Weymouth
(SM) Commercial bank, state charter & Fed member
active
www.sssb.com
Massachusetts
Norfolk
Weymouth
(SM) Commercial bank, state charter & Fed member
active
90303
1833
FDIC Certificate Number: 90303
FDIC's unique number: 17892
The FDIC Field Office where an institution is physically located: South Boston
Federal Reserve ID Number: 772008
Report Date: 2011-06-30
Bank Charter Class: SM
Number of Domestic Offices: 13
Number of Foreign Offices: 0
The date of the last data update: 2011-08-26
1833-02-01 Institution established but was not FDIC insured. Original name: Weymouth Savings Bank.
1985-11-19 Changed trust powers from Trust Powers Not Granted to Full Trust Powers Granted.
1985-11-19 Became FDIC insured.
1997-10-01 Acquired South Weymouth Savings Bank in South Weymouth, Massachusetts.
1997-10-01 Changed name to South Shore Savings Bank .
1997-12-30 Changed trust powers from Full Trust Powers Granted to Trust Powers Terminated.
2004-02-19 Reorganized.
2004-02-19 Acquired Horizon Bank And Trust Company in Braintree, Massachusetts.
2004-02-19 Changed organization type to Stock Savings Bank.
2004-07-16 Moved bank headquarters from Weymouth, Massachusetts to South Weymouth, Massachusetts.
2011-07-27 Changed primary regulatory agency from Federal Deposit Insurance Corporation to Federal Reserve Board.
2011-07-27 Changed institution class to Insured Commercial Banks, State, Members Frs.
Total assets: $955,524,000
Total deposits: $669,297,000
Deposits held in domestic offices: $669,297,000
Equity capital: $94,715,000
Net income: $2,163,000
Return on Assets: 0.46
Return on Equity: 4.66
Last updated on: 2011-10-20
Bank Holding Company: South Shore Bancorp Mhc
South Shore Savings Bank - Braintree Branch
South Shore Savings Bank - Columbian Square Branch
South Shore Savings Bank - Commercial Street Branch
South Shore Savings Bank - East Bridgewater Branch
South Shore Savings Bank - Franklin Street Branch
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Profile ID: LFUS-BAB-P-10150