Granite Savings Bank

Granite Savings Bank was established on March 21, 1884, originally operating without Federal Deposit Insurance Corporation (FDIC) insurance. The institution underwent several changes over the years, including a name change to Granite Savings Bank on October 19, 1970. The main office of the bank was moved to 26 Broadway in Rockport, Massachusetts, on the same date. On January 16, 1986, Granite Savings Bank became FDIC insured and moved its main office again to 26 Broadway Street in Rockport, where it remained until June 29, 2009, when it relocated to 247 Main Street in Rockport. Ultimately, Granite Savings Bank merged with Cape Ann Savings Bank in Gloucester, Massachusetts, on January 17, 2015, concluding its history as an independent financial institution.

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

1884-03-21Institution established but was not FDIC insured. Original name: Granite Savings Bank.

1970-10-19Changed Institution Name to Granite Savings Bank.

1970-10-19Main Office moved to 26 Broadway, Rockport, MA 01966.

1986-01-16Became FDIC insured.

1986-01-16Main Office moved to 26 Broadway Street, Rockport, MA 01966.

2009-06-29Main Office moved to 247 Main Street, Rockport, MA 01966.

2015-01-17Merged and became part of Cape Ann Savings Bank in Gloucester, MA.