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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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In 2019, The Savings Bank was rated as "satisfactory" by the Commonwealth of Massachusetts for its performance under the CRA. [21] In 2018 and 2019, The Savings Bank provided a temporary home to the Tall Spire pre-school, previously located in Wakefield's First Baptist Church, that suffered extensive fire damage on October 24, 2018.
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Originally founded as Dedham Institution for Savings on March 19, 1831, the bank has connections to prominent individuals including Horace Mann. [4] Sophia Foord, an acquaintance of Henry David Thoreau, [5] was the bank's first depositor. On May 4, 1832, The Society in Dedham for Apprehending Horse Thieves opened a bank account at Dedham Savings.
Scads of people are reporting being targeted in so-called“smishing” scams designed to trick people into believing they have an outstanding toll bill, The Washington Post reports. The texts ...
Berkshire Bank is an American bank headquartered in Boston, Massachusetts. It is a subsidiary of Berkshire Hills Bancorp, a bank holding company . The bank operates 83 branches in New England , and New York, and is the third largest regional bank headquartered in Massachusetts .