Somerset Savings Bank

Somerset Savings Bank Overview

Somerset Savings Bank, founded in January 01, 1885, is currently an active FDIC insured bank. The chartering agency for Somerset Savings Bank is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Somerset Savings Bank has an FDIC insurance membership with the BIF – Bank Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).

Somerset Savings Bank is assigned uner the New York Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on September 10, 1985.

Address Location and Maps for Somerset Savings Bank

Bank Name Somerset Savings Bank FDIC Bank Location for Somerset Savings Bank
Address 212 Elm Street
Somerville, MA 2144
County: Middlesex
Bank’s State: Massachusetts
Website: Unknown

 

Somerset Savings Bank Detailed Information

FDIC Certificate ID 90278
Bank Institution Name Somerset Savings Bank
Is the Bank Active? Active
Office of Thrift Supervision Docket ID 8393
Total Assets $524,264,000
Total Deposits $444,234,000
Regulator Federal Deposit Insurance Corporation (FDIC)
Bank Charter Class SB – Savings Bank. Bank is supervised by the Federal Deposit Insurance Corporation (FDIC). State Charer.
FDIC Bank’s Chartering Agency State
Bank is FDIC Insured Yes, FDIC insured bank is a member of the Bank Insurance Fund
Bank Insurance Fund BIF – Bank Insurance Fund
Date of Deposit Insurance September 10, 1985
Change Code 223
Change Code Description Merger – FDIC Insured Bank Without Assistance
OCC Bank Charter Number No FDIC Bank Charter Number
Conservatorship FDIC insured bank is not being operated by government conservatorship.
Inactive Bank that used to be FDIC insured? Yes
Credit Card Institution No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold.
Insured Commercial Banks No
FDIC Supervisory Region New York
Insured Savings Institution No, Bank is not Savings Association Insurance Fund (SAIF) insured
State Charter Yes
County Middlesex
Office of Thrift Supervision Region Northeast
Assigned Federal Reserve District New York
Oakar Institutions No
FDIC Field Office 0
Insured offices of foreign banks 0

Somerset Savings Bank is insured by the Federal Deposit Insurance Corporation (FDIC)

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