EAST BOSTON SAVINGS BANK

East Boston Savings Bank was established on September 1, 1991, originally under the same name. It underwent a significant name change on the same day it was established, solidifying its branding. In the years that followed, the bank expanded its operations through several acquisitions, including the acquisition of East Boston Savings Bank in Boston, Massachusetts, on September 1, 1991, and later, Mt. Washington Co-operative Bank in South Boston, Massachusetts, on January 4, 2010. The bank’s trust powers were changed to limited on April 29, 2011. East Boston Savings Bank continued its growth by acquiring Meetinghouse Bank in Boston, Massachusetts, on December 29, 2017. The institution eventually merged with Rockland Trust Company, based in Rockland, Massachusetts, on November 12, 2021, marking the end of its independent existence. Throughout its history, East Boston Savings Bank focused on serving the financial needs of its community and expanding its reach through strategic mergers and acquisitions.

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

DATEEVENT

1991-09-01Institution established. Original name: East Boston Savings Bank.

1991-09-01Changed Institution Name to East Boston Savings Bank.

1991-09-01Acquired East Boston Savings Bank in Boston, MA.

2006-03-31Changed Institution Name to East Boston Savings Bank.

2010-01-04Acquired Mt. Washington Co-operative Bank in South Boston, MA.

2011-04-29Changed Trust Powers to Limited.

2017-12-29Acquired Meetinghouse Bank in Boston, MA.

2021-11-12Merged and became part of Rockland Trust Company in Rockland, MA.