BRAINTREE COOPERATIVE BANK

Braintree Cooperative Bank was established in 1889 as The Braintree Co-operative Bank, initially operating without Federal Deposit Insurance Corporation (FDIC) insurance. The institution became FDIC insured on March 3, 1986, which marked a significant milestone in enhancing depositor confidence. On September 19, 2006, the bank changed its organization type to a stock savings bank, reflecting a shift in its operational framework. This change was part of its ongoing evolution in the competitive banking landscape. Ultimately, on November 1, 2017, Braintree Cooperative Bank merged with South Shore Bank, located in South Weymouth, Massachusetts, thus concluding its independent operations.

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

DATEEVENT

1889-01-01Institution established but was not FDIC insured. Original name: The Braintree Co-operative Bank.

1986-03-03Became FDIC insured.

2006-09-19Changed Organization Type to Stock Savings Bank.

2017-11-01Merged and became part of South Shore Bank in South Weymouth, MA.