BEVERLY BANK

Beverly Bank was established in 1888 as Beverly Co-operative Bank, initially operating without Federal Deposit Insurance Corporation (FDIC) insurance. Over the years, the institution underwent several name changes, becoming Beverly Co-operative Bank in 2006 and subsequently changing its name to Beverly Bank on March 17, 2014. On October 24, 2003, it transitioned to a cooperative bank stock organization type. Ultimately, on October 1, 2019, Beverly Bank merged with North Shore Bank, a cooperative bank located in Peabody, Massachusetts, marking the end of its independent operations.

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

DATEEVENT

1888-01-01Institution established but was not FDIC insured. Original name: Beverly Co-operative Bank.

2003-10-24Changed Organization Type to Cooperative Bank Stock.

2006-03-31Changed Institution Name to Beverly Co-operative Bank.

2014-03-17Changed Institution Name to Beverly Bank.

2019-10-01Merged and became part of North Shore Bank, a Co-operative Bank in Peabody, MA.