Bank/CU Name: Newburyport Five Cents Savings Bank Charter Number: 90251
Charter Type: Savings Bank – Mutual Holding Company Main Office: 63 State Street , Newburyport, MA 01950-6688 Phone: 978-462-3136
Charter Date: 4/24/1854 Federal Regulator: FDIC Fax: 978-462-9672
Activity Date Activity Type Description
5/31/2023 Acquisition of Bank by BHC Newburyport Five Cents Bancorp, MHC (MHC) and Newburyport Five Cents Bancorp, Inc. (Bancorp), Newburyport - permission to each become a bank holding company through the direct and indirect acquisition of Pentucket Bank, Haverhill. MHC and Bancorp are the mutual holding company and mid-tier holding company, respectively, of Newburyport Five Cents Savings Bank, Newburyport. The transaction will be effected through a merger of MHC with Pentucket Bank’s mutual holding company, Pentucket Bank Holdings, MHC and the merger of Bancorp with Pentucket Bank’s mid-tier holding company, Pentucket Bancorp, Inc., Haverhill, Massachusetts. Upon consummation of the transaction, MHC and Bancorp would be the mutual holding company and mid-tier holding company for both Newburyport Five Cents Savings Bank and Pentucket Bank. Comment period ends June 2, 2023.
4/28/2023 Public Hearing Virtual Public Hearing Tuesday, May 23, 2023 10:30 a.m. Newburyport Five Cents Bancorp, MHC (MHC) and Newburyport Five Cents Bancorp, Inc. (Bancorp), Newburyport - permission to each become a bank holding company through the direct and indirect acquisition of Pentucket Bank, Haverhill. MHC and Bancorp are the mutual holding company and mid-tier holding company, respectively, of Newburyport Five Cents Savings Bank, Newburyport. The transaction will be effected through a merger of MHC with Pentucket Bank’s mutual holding company, Pentucket Bank Holdings, MHC and the merger of Bancorp with Pentucket Bank’s mid-tier holding company, Pentucket Bancorp, Inc., Haverhill, Massachusetts. Upon consummation of the transaction, MHC and Bancorp would be the mutual holding company and mid-tier holding company for both Newburyport Five Cents Savings Bank and Pentucket Bank. Comment period ends June 2, 2023. The hearing notice has been posted on the Division’s website. An updated link providing additional information regarding the hearing will be posted by Monday, May 22, 2023 by noon, and will be available at www.mass.gov/dob.
3/31/2023 Public Hearing Virtual Public Hearing Tuesday, May 23, 2023 10:30 a.m. Newburyport Five Cents Bancorp, MHC (MHC) and Newburyport Five Cents Bancorp, Inc. (Bancorp), Newburyport - permission to each become a bank holding company through the direct and indirect acquisition of Pentucket Bank, Haverhill. MHC and Bancorp are the mutual holding company and mid-tier stock holding company, respectively, of Newburyport Five Cents Savings Bank, Newburyport. The transaction will be effected through a merger of MHC with Pentucket Bank’s mutual holding company, Pentucket Bank Holdings, MHC and the merger of Bancorp with Pentucket Bank’s mid-tier subsidiary stock holding company, Pentucket Bancorp, Inc., Haverhill, Massachusetts. Upon consummation of the transaction, MHC and Bancorp would be the mutual holding company and mid-tier holding company for both Newburyport Five Cents Savings Bank and Pentucket Bank. Comment period ends June 2, 2023. The hearing notice has been posted on the Division’s website. An updated link providing additional information regarding the hearing will be posted by Monday, May 22, 2023 by noon, and will be available at www.mass.gov/dob.
11/30/2022 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 7 Broadway, Salisbury. Withdrawn November 2, 2022. Location to be an electronic branch only.
9/30/2022 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 7 Broadway, Salisbury. Filed April 27, 2022.
8/31/2022 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 7 Broadway, Salisbury. Filed April 27, 2022.
7/29/2022 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 7 Broadway, Salisbury. Filed April 27, 2022.
6/30/2022 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 7 Broadway, Salisbury. Filed April 27, 2022.
5/31/2022 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 7 Broadway, Salisbury. Filed April 27, 2022.
4/29/2022 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 7 Broadway, Salisbury. Filed April 27, 2022.
1/31/2022 Close Branch Newburyport Five Cents Savings Bank, Newburyport - permission to close its branch office located at 85 Storey Avenue, Newburyport - approved January 13, 2022.
12/31/2021 Close Branch Newburyport Five Cents Savings Bank, Newburyport - permission to close its branch office located at 85 Storey Avenue, Newburyport. Comment period ended December 23, 2021.
6/28/2019 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 321 Lafayette Road, Hampton, New Hampshire - approved June 5, 2019.
5/31/2019 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 321 Lafayette Road, Hampton, New Hampshire. Filed April 22, 2019.
4/30/2019 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 321 Lafayette Road, Hampton, New Hampshire. Filed April 22, 2019.
3/29/2019 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 141 Portsmouth Avenue, Exeter, New Hampshire - approved March 7, 2019.
2/28/2019 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 141 Portsmouth Avenue, Exeter, New Hampshire. Filed January 16, 2019.
1/31/2019 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 141 Portsmouth Avenue, Exeter, New Hampshire. Filed January 16, 2019.
5/31/2018 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - permission to establish a branch office at 828 Central Avenue, Dover, New Hampshire - approved May 30, 2018.
4/30/2018 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - permission to establish a branch office at 828 Central Avenue, Dover, New Hampshire. Filed April 16, 2018.
3/31/2013 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - permission to establish a branch office at 1400 Lafayette Road, Portsmouth, New Hampshire - approved March 25, 2013.
2/28/2013 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - permission to establish a branch office at 1400 Lafayette Road, Portsmouth, New Hampshire. Filed February 26, 2013.
1/31/2013 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - permission to establish a branch office at 254 State Street, Portsmouth, New Hampshire - approved January 3, 2013.
11/30/2012 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - permission to establish a branch office at 254 State Street, Portsmouth, New Hampshire. Filed November 14, 2012.
7/29/2011 Reorganization into Mutual Holding Company (MHC) Newburyport Five Cents Savings Bank, Newburyport - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, Newburyport Five Cents Bancorp, MHC, with a mid-tier holding company, Newburyport Five Cents Bancorp, Inc. The continuing bank will operate under the name Newburyport Five Cents Savings Bank - approved July 29, 2011.
5/24/2011 Public Hearing May 24, 2011 1st Floor, Hearing Room 1-E 1000 Washington Street Boston, Massachusetts At 10:30 a.m. Newburyport Five Cents Savings Bank, Newburyport - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, Newburyport Five Cents Bancorp, MHC, with a mid-tier holding company, Newburyport Five Cents Bancorp, Inc. The continuing bank will operate under the name Newburyport Five Cents Savings Bank. Comment period ends June 24, 2011.
4/29/2011 Reorganization into Mutual Holding Company (MHC) Newburyport Five Cents Savings Bank, Newburyport - permission to reorganize into a mutual holding company, Newburyport Five Cents Bancorp, MHC, with a mid-tier holding company, Newburyport Five Cents Bancorp, Inc. in a multi-step transaction - approved July 29, 2011.
3/30/2007 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 40 Friend Street, Amesbury - non-objection issued March 21, 2007.
6/30/2005 Establish Branch Newburyport Five Cents Savings Bank, Newburyport - notice to establish a branch office at 43 Main Street, Amesbury - non-objection issued June 8, 2005.