PUTNAM BANK

Putnam Bank was established on July 12, 1862, under the original name Putnam Savings Bank. Over the years, the institution underwent several changes in its structure and regulatory oversight. Its name was changed to Putnam Bank on November 2, 2007. The bank's primary federal regulatory agency shifted multiple times, initially operating under the Office of Thrift Supervision until October 4, 2004, when it became a Federal Savings Bank. Following several changes, including a move to become a state-chartered bank, Putnam Bank became a member of the Federal Reserve System on December 30, 2014. Ultimately, on May 1, 2020, Putnam Bank merged with Centreville Bank, located in West Warwick, Rhode Island, thus concluding its independent operations. The bank's main office was located at 40 Main Street in Putnam, Connecticut.

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

DATEEVENT

1862-07-12Institution established. Original name: Putnam Savings Bank.

1974-08-12Changed Institution Name to Putnam Savings Bank.

1974-08-12Main Office moved to 40 Main Street, Putnam, CT 06260.

2003-05-27Changed Organization Type to Stock Savings Bank.

2004-10-04Changed Chartering Agency to Ots.

2004-10-04Changed Bank Class to Federal Savings Bank.

2004-10-04Changed Primary Federal Regulatory Agency to Ots.

2007-11-02Changed Institution Name to Putnam Bank.

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

2014-12-30Institution becomes member of the Federal Reserve System.

2014-12-30Changed Chartering Agency to State.

2014-12-30Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2014-12-30Changed Primary Federal Regulatory Agency to FED.

2020-05-01Merged and became part of Centreville Bank in West Warwick, RI.