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Eastern Bank was established on April 15, 1818, as Salem Savings Bank and became insured by the Federal Deposit Insurance Corporation on October 1, 1983. [5] On October 19, 1989, Eastern Savings Bank's parent company Lynn, Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank, and reorganized it into a mutual holding company, making it the first of its kind in Massachusetts.
The building was built in 1927 for the Ohio State Savings Association, a local bank. It was designed in the Art Moderne style by architects Simons, Brittain & English. For a short time, the building held the offices of its architects, and was the central office of sorority Kappa Kappa Gamma from 1929 to 1952. The building now holds office space ...
The building was built in 1917 for the Citizens Trust and Savings Company. It currently houses the Citizens, 63 apartment units managed by Drucker & Falk. It also houses Veritas, one of Columbus's fine dining restaurants, as well as a cocktail bar, The Citizens Trust, run by the same owners. [ 2 ]
In 1980, Farmers & Merchants Bank, Milford Center and The First National Bank of Burton merged with Huntington Bancshares. [14] In 1981, the bank acquired Alexandria Bank Company and renamed it The Huntington State Bank, with a loan production office opening in Cincinnati. In 1982, the bank merged with the Reeves Banking and Trust Company. [14]
The first incorporated US mutual savings bank was the Provident Institution for Savings in Boston. Its 1816 charter was the first government legislation in the world to safeguard savings banks. In 2015, the oldest (and largest) mutual bank in the U.S. was Eastern Bank of Boston, with approximately $10 billion in assets. It was chartered in 1818 ...
The Change Account card, issued on behalf of Eastern Savings and Loans, functions in a similar way to a High Street bank account. [19] Eastern Savings and Loans is a member of the Association of British Credit Unions Limited, [20] registered under the Credit Union Act 1979 and the Co-operative and Community Benefit Societies Act 2014, and is ...
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Anyone eligible for membership can become an owner of the credit union by opening an account and depositing $5.00 into a “share” savings account. Additionally, Telhio offers business loans, auto loans, mortgage loans, credit cards, lines of credit, health savings accounts, telephone banking, online banking, mobile banking, and remote ...