Merrimac Savings Bank

Merrimac Savings Bank was established on April 19, 1871, originally operating without FDIC insurance. The institution became federally insured on November 19, 1985. Over the years, the bank served the financial needs of its community until it merged with North Shore Bank, a co-operative bank based in Peabody, Massachusetts, on November 1, 2015. Following the merger, Merrimac Savings Bank ceased to operate as an independent entity and became part of North Shore Bank's operations.

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

1871-04-19Institution established but was not FDIC insured. Original name: Merrimac Savings Bank.

1985-11-19Became FDIC insured.

2015-11-01Merged and became part of North Shore Bank, a Co-operative Bank in Peabody, MA.