Belmont Savings Bank

Belmont Savings Bank was an American banking institution with a history marked by several significant changes in ownership and structure. It became federally insured by the Federal Deposit Insurance Corporation (FDIC) on July 12, 1982, which was a pivotal moment in its operational history. In a subsequent reorganization, Belmont Savings Bank transitioned to a Stock Savings Bank on October 1, 2009. The bank underwent a series of mergers, beginning on April 1, 2019, when it merged with People's United Bank, National Association, based in Bridgeport, Connecticut. This merger was part of a trend of consolidation within the banking sector. On April 2, 2022, Belmont Savings Bank merged again, this time becoming part of Manufacturers and Traders Trust Company, located in Buffalo, New York. Throughout its history, the bank played a role in the financial landscape of its regional markets before its eventual mergers.

Below is a list of some important events in banks history, including mergers and acquisitions.

1982-07-12FDIC Certificate number changed to .

1982-07-12Became FDIC insured.

2009-10-01Changed Organization Type to Stock Savings Bank.

2019-04-01Merged and became part of People's United Bank, National Association in Bridgeport, CT.

2022-04-02Merged and became part of Manufacturers and Traders Trust Company (588) in Buffalo, NY.