Fairmount Bank

Fairmount Bank was established on April 4, 1879, originally named Fairmount Savings and Loan Association. Over its history, the institution underwent several name changes and organizational transformations. On May 31, 1987, it changed its name to Fairmount Federal Savings Bank and adopted the status of a Mutual Savings Bank. The primary federal regulatory agency for the bank was changed to the Office of Thrift Supervision at that time. In subsequent years, the bank continued to evolve, moving its main office multiple times within Baltimore, Maryland, and reclassifying itself several times. On June 2, 2010, its organization type was changed to a Stock Savings Bank, and by November 15, 2013, it had shifted its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC). Fairmount Bank acquired Fullerton Federal Savings Association on October 13, 2011. On May 1, 2019, Fairmount Bank merged with and became part of Orrstown Bank, located in Shippensburg, Pennsylvania, marking the end of its independent operations.

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

1879-04-04Institution established. Original name: Fairmount Savings and Loan Association.

1987-05-31Changed Chartering Agency to Ots.

1987-05-31Changed Organization Type to Mutual Savings Bank.

1987-05-31Changed Institution Name to Fairmount Federal Savings Bank.

1987-06-01Main Office moved to 8201 Philadelphia Road, Baltimore, MD 21237.

2009-05-01Changed Institution Name to Fairmount Bank.

2009-09-12Main Office moved to 8216 Philadelphia Road, Baltimore, MD 21237.

2010-06-02Changed Organization Type to Stock Savings Bank.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2011-10-13Acquired Fullerton Federal Savings Association in Nottingham, MD.

2013-11-15Changed Chartering Agency to State.

2013-11-15Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2013-11-15Changed Primary Federal Regulatory Agency to FDIC.

2015-09-11Merged and became part of Hamilton Bank in Baltimore, MD.

2019-05-01Merged and became part of Orrstown Bank in Shippensburg, PA.