Bank/CU Name: Coastal Heritage Bank Charter Number: 26591
Charter Type: Co-operative Bank – Mutual Holding Company Main Office: 195 Washington Street , Weymouth, MA 02188 Phone: 781-796-6001
Charter Date: 2/28/1889 Federal Regulator: FRB Fax: 781-337-3069
Activity Date Activity Type Description
11/30/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 6 Central Street, East Bridgewater - approved November 9, 2021.
11/30/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 111 Washington Street, Quincy - approved November 9, 2021.
10/29/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 6 Central Street, East Bridgewater. Comment period ended October 18, 2021.
10/29/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 111 Washington Street, Quincy. Comment period ended October 18, 2021
9/30/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch offices located at (1) 400 Broadway, Lynn; and (2) 28 Nahant Road, Nahant. In connection with these petitions, Coastal Heritage Bank has entered into an agreement whereby Reading Co-operative Bank, Reading, would, subject to regulatory approval (see below) and consummation of the transaction, purchase certain assets and assume certain deposit and other liabilities of these offices and maintain these locations as branch offices - approved September 22, 2021.
9/30/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 6 Central Street, East Bridgewater. Comment period ends October 18, 2021.
9/30/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 111 Washington Street, Quincy. Comment period ends October 18, 2021.
8/31/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch offices located at (1) 400 Broadway, Lynn; and (2) 28 Nahant Road, Nahant. In connection with these petitions, Coastal Heritage Bank has entered into an agreement whereby Reading Co-operative Bank, Reading, would, subject to regulatory approval and consummation of the transaction, purchase certain assets and assume certain deposit and other liabilities of these offices and maintain these locations as branch offices. Comment periods ended July 9, 2021.
7/30/2021 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch offices located at (1) 400 Broadway, Lynn; and (2) 28 Nahant Road, Nahant. In connection with these petitions, Coastal Heritage Bank has entered into an agreement whereby Reading Co-operative Bank, Reading, would, subject to regulatory approval and consummation of the transaction, purchase certain assets and assume certain deposit and other liabilities of these offices and maintain these location as branch offices. Comment periods ended July 9, 2021.
6/30/2021 Close Branch Coastal Heritage Bank. Weymouth - permission to close its branch offices located at (1) 400 Broadway, Lynn; and (2) 28 Nahant Road, Nahant. In connection with these petitions, Coastal Heritage Bank has entered into an agreement whereby Reading Co-operative Bank, Reading, would, subject to regulatory approval and consummation of the transaction, purchase certain assets and assume certain deposit and other liabilities of these offices and maintain these location as branch offices. Comment periods end July 9, 2021.
12/31/2020 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 10 Village Way, Marshfield - approved December 29, 2020.
11/30/2020 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 10 Village Way, Marshfield. Comment period ended November 17, 2020.
10/30/2020 Close Branch Coastal Heritage Bank, Weymouth - permission to close its branch office located at 10 Village Way, Marshfield. Comment period ends November 17, 2020.
3/29/2019 Merger Equitable Bank (Equitable), Weymouth and Coastal Heritage Bank (Coastal), Weymouth - permission for Coastal to merge with and into Equitable under the charter and by-laws of Equitable and under the name Coastal Heritage Bank as part of a multi-step transaction. In connection with this merger, Equitable will re-designate Coastal’s office at 195 Washington Street, Weymouth as the main office of the continuing institution and will maintain its office at 744 Broad Street, Weymouth as a branch office. All other banking offices of Coastal would be retained as branch offices. This multi-step transaction includes the merger of Equitable’s mutual holding company, Equitable Bancorp, MHC with Coastal’s mutual holding company, South Shore Mutual Holding Company with Equitable Bancorp, MHC as the continuing mutual holding company - approved March 14, 2019.
2/28/2019 Merger Equitable Bank (Equitable), Weymouth and Coastal Heritage Bank (Coastal), Weymouth - permission for Coastal to merge with and into Equitable under the charter and by-laws of Equitable and under the name Coastal Heritage Bank as part of a multi-step transaction. In connection with this merger, Equitable will re-designate Coastal’s office at 195 Washington Street, Weymouth as the main office of the continuing institution and will maintain its office at 744 Broad Street, Weymouth as a branch office. All other banking offices of Coastal would be retained as branch offices. This multi-step transaction includes the merger of Equitable’s mutual holding company, Equitable Bancorp, MHC with Coastal’s mutual holding company, South Shore Mutual Holding Company with Equitable Bancorp, MHC as the continuing mutual holding company. Comment period ended January 25, 2019.
1/31/2019 Merger Equitable Bank (Equitable), Weymouth and Coastal Heritage Bank (Coastal), Weymouth - permission for Coastal to merge with and into Equitable under the charter and by-laws of Equitable and under the name Coastal Heritage Bank as part of a multi-step transaction. In connection with this merger, Equitable will re-designate Coastal’s office at 195 Washington Street, Weymouth as the main office of the continuing institution and will maintain its office at 744 Broad Street, Weymouth as a branch office. All other banking offices of Coastal would be retained as branch offices. This multi-step transaction includes the merger of Equitable’s mutual holding company, Equitable Bancorp, MHC with Coastal’s mutual holding company, South Shore Mutual Holding Company with Equitable Bancorp, MHC as the continuing mutual holding company. Comment period ended January 25, 2019.
12/31/2018 Merger Equitable Bank (Equitable), Weymouth and Coastal Heritage Bank (Coastal), Weymouth - permission for Coastal to merge with and into Equitable under the charter and by-laws of Equitable and under the name Coastal Heritage Bank as part of a multi-step transaction. In connection with this merger, Equitable will re-designate Coastal’s office at 195 Washington Street, Weymouth as the main office of the continuing institution and will maintain its office at 744 Broad Street, Weymouth as a branch office. All other banking offices of Coastal would be retained as branch offices. This multi-step transaction includes the merger of Equitable’s mutual holding company, Equitable Bancorp, MHC with Coastal’s mutual holding company, South Shore Mutual Holding Company with Equitable Bancorp, MHC as the continuing mutual holding company. Comment period ends January 25, 2019.
1/31/2018 Relocate Branch Office Equitable Bank, Weymouth - permission to (1) close its branch office located at 51 Columbian Street, South Weymouth; and (2) establish a branch office at 10 Patriot Parkway, South Weymouth - approved January 30, 2018.
12/29/2017 Relocate Branch Office Equitable Bank, Weymouth - permission to (1) close its branch office located at 51 Columbian Street, South Weymouth; and (2) establish a branch office at 10 Patriot Parkway, South Weymouth. Comment period ended December 19, 2017.
11/30/2017 Relocate Branch Office Equitable Bank, Weymouth - permission to (1) close its branch office located at 51 Columbian Street, South Weymouth; and (2) establish a branch office at 10 Patriot Parkway, South Weymouth. Comment period ends December 19, 2017.
5/31/2017 Establish Branch Equitable Bank, Weymouth - notice to establish a branch office at 111 Washington Street, Quincy - non-objection issued May 10, 2017.
4/28/2017 Establish Branch Equitable Bank, Weymouth - notice to establish a branch office at 111 Washington Street, Quincy. Filed April 14, 2017.
7/29/2016 Merger Weymouth Bank (Weymouth), Weymouth and Equitable Co-operative Bank (Equitable), Lynn - permission for Equitable to merge with and into Weymouth under the charter and by-laws of Weymouth and under the name Equitable Bank. The main office of Weymouth would remain the main office of the continuing institution and the banking offices of Equitable would be retained as branch offices - approved July 14, 2016.
6/30/2016 Merger Weymouth Bank (Weymouth), Weymouth and Equitable Co-operative Bank (Equitable), Lynn - permission for Equitable to merge with and into Weymouth under the charter and by-laws of Weymouth and under the name Equitable Bank. The main office of Weymouth would remain the main office of the continuing institution and the banking offices of Equitable would be retained as branch offices. Comment period ended June 15, 2016.
5/31/2016 Merger Weymouth Bank (Weymouth), Weymouth and Equitable Co-operative Bank (Equitable), Lynn - permission for Equitable to merge with and into Weymouth under the charter and by-laws of Weymouth and under the name Equitable Bank. The main office of Weymouth would remain the main office of the continuing institution and the banking offices of Equitable would be retained as branch offices. Comment period ends June 15, 2016.
7/31/2015 Establish a BHC Wessagussett Mutual Holding Company (MHC) and Wessagussett Bancorp, Inc. (Bancorp), East Weymouth - permission to each become a bank holding company through the direct and indirect acquisition of Equitable Co-operative Bank, Lynn. MHC and Bancorp are the mutual holding company and mid-tier stock holding company, respectively, of Weymouth Bank, Weymouth. Upon consummation of the transaction, MHC and Bancorp would be the mutual holding company and mid-tier holding company for both Weymouth Bank and Equitable Co-operative Bank - approved July 10, 2015.
6/30/2015 Establish a BHC Wessagussett Mutual Holding Company (MHC) and Wessagussett Bancorp, Inc. (Bancorp), East Weymouth - permission to each become a bank holding company through the direct and indirect acquisition of Equitable Co-operative Bank, Lynn. MHC and Bancorp are the mutual holding company and mid-tier stock holding company, respectively, of Weymouth Bank, Weymouth. Upon consummation of the transaction, MHC and Bancorp would be the mutual holding company and mid-tier holding company for both Weymouth Bank and Equitable Co-operative Bank. Comment period ended June 1, 2015.
5/29/2015 Establish a BHC Wessagussett Mutual Holding Company (MHC) and Wessagussett Bancorp, Inc. (Bancorp), East Weymouth - permission to each become a bank holding company through the direct and indirect acquisition of Equitable Co-operative Bank, Lynn. MHC and Bancorp are the mutual holding company and mid-tier stock holding company, respectively, of Weymouth Bank, Weymouth. Upon consummation of the transaction, MHC and Bancorp would be the mutual holding company and mid-tier holding company for both Weymouth Bank and Equitable Co-operative Bank. Comment period ends June 1, 2015.
4/30/2015 Public Hearing Public Hearing: May 20, 2015 at 10:30; Wessagussett Mutual Holding Company (MHC) and Wessagussett Bancorp, Inc. (Bancorp), Weymouth - permission to each become a bank holding company through the direct and indirect acquisition of Equitable Co-operative Bank, Lynn. MHC and Bancorp are the mutual holding company and mid-tier stock holding company, respectively, of Weymouth Bank, Weymouth. Upon consummation of the transaction, MHC and Bancorp would be the mutual holding company and mid-tier holding company for both Weymouth Bank and Equitable Co-operative Bank. Comment period ends June 1, 2015.
12/31/2008 Application to Sell Insurance Application to Sell Insurance - approved December 12, 2008
11/28/2008 Application to Sell Insurance Application to Sell Insurance - pending
10/31/2008 Application to Sell Insurance Application to Sell Insurance - pending
8/29/2008 Application to Sell Insurance Application to Sell Insurance - pending
7/31/2008 Application to Sell Insurance Application to Sell Insurance - pending
6/30/2008 Application to Sell Insurance Application to Sell Insurance - pending
5/30/2008 Application to Sell Insurance Application to Sell Insurance - pending
4/30/2008 Application to Sell Insurance Application to Sell Insurance - pending
3/31/2008 Application to Sell Insurance Application to Sell Insurance - pending
2/29/2008 Application to Sell Insurance Application to Sell Insurance - pending
1/31/2008 Application to Sell Insurance Application to Sell Insurance - pending
4/28/2006 Reorganization into Mutual Holding Company (MHC) Weymouth Bank, Weymouth, Massachusetts - permission to reorganize into a mutual holding company, Wessagussett Mutual Holding Company, as part of a multi-step transaction - approved April 5, 2006.
3/31/2006 Reorganization into Mutual Holding Company (MHC) Weymouth Bank, Weymouth, Massachusetts - permission to reorganize into a mutual holding company, Wessagussett Mutual Holding Company, as part of a multi-step transaction. Comment period ended March 14, 2006.
2/28/2006 Establish a BHC Weymouth Bank, Weymouth, Massachusetts - permission to reorganize into a mutual holding company, Wessagussett Mutual Holding Company, as part of a multi-step transaction. Comment period ends March 14, 2006.
1/31/2006 Reorganization into Mutual Holding Company (MHC) Weymouth Bank, Weymouth, Massachusetts - permission to reorganize into a mutual holding company, Wessagussett Mutual Holding Company, as part of a multi-step transaction. Comment period ends March 14, 2006.