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Salem was settled in the 17th century as part of Methuen, Massachusetts, and was incorporated in 1750, after the border between Massachusetts and New Hampshire was fixed, dividing that town. The Salem Common was laid out about 1741, not far from the original location of the building now known as the Old Town Hall.
The department dates to 1837, when Isaac Hill, the state's 16th governor, approved the state's first bank commissioners. [1] Since 1925, the department has been led by a single commissioner, [ 1 ] authorized under New Hampshire Revised Statutes Annotated (NH RSA) Chapter 383. [ 4 ]
The bank provides financial services including private banking, checking, deposit, and savings accounts. In addition, Salem Five Bank also offers mortgages, HELOCs, insurance, and commercial lending such as aviation and construction loans. The company headquarters is located at 210 Essex Street in Salem, Massachusetts. [1] [2]
The bank was established in 1885 as Lowell Co-operative Bank. [3] In January 2009, the bank was recapitalized though a supervisory stock conversion, converting from a mutual co-operative bank to a stock co-operative bank. [4] [5] In December 2010, the bank acquired the assets of Omega Mortgage Corporation. [4] [6]
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Islamic cooperative bank: Koperasi Co-opbank Pertama Malaysia Berhad: The first national cooperative bank in Malaysia established in 1950 Bank Rakyat: Malaysia: 907,918: Islamic cooperative bank: Bank Kerjasama Rakyat Malaysia Berhad: Second national cooperative bank in Malaysia founded in 1954 Crédit agricole SA: France: 52,000,000 [18] Bank ...