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The bank was established in 1885 as Lowell Co-operative Bank. [3] In January 2009, the bank was recapitalized though a supervisory stock conversion, converting from a mutual co-operative bank to a stock co-operative bank. [4] [5] In December 2010, the bank acquired the assets of Omega Mortgage Corporation. [4] [6]
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The bank's founders were largely made up of merchants who wanted to use a U.S., rather than British bank to send money abroad. It was first headquartered at the old Manufactory House, near Boston Common. [2] The bank was the only bank in the city of Boston until the Union Bank (later the Bank of New England) was founded in 1792. This bank ...
By 1920, it was being seriously suggested that the Merrimack be dredged from Newburyport to Lowell so that barges could access the city. [28] However, the events of the 1920s ensured that would never happen. In 1885 was founded the Lowell Co-operative Bank, today Sage Bank, one of the oldest still functioning banks in Massachusetts. [29]
The Provident became a wholly owned subsidiary of Hartford National. However, The Provident, which is the fourth-largest savings bank in Massachusetts, will continue to operate under the name it has been using since 1816." [8] The bank kept its original name through 1992. In 1993, the Provident was merged into Shawmut Bank. [9] [10]
In June 2023, The Savings Bank changed its website address from www.tsbawake24.com to www.tsbdirect.bank. A domain ending with .bank helps prevent cyberattacks through added layers of protection. Like with .gov or .edu, .bank is a gated domain, but only for verified and authenticated banks. The Savings Bank became a Cybersecurity Pioneer at ...
The bank was founded in 1820. [1] In August 2014, the company acquired Rockport National Bank, which had 4 branches, for $28.3 million in cash. [2] [3] As of December 31, 2019, it had $3.7 billion in deposits. [4]