Bank Branches › Closed and merged banks › Massachusetts › MassBank
What happened to MassBank?
MassBank in Reading, MA (earlier called Melrose Savings Bank and 1 other name) merged into Eastern Bank of Boston, MA on Oct 10, 2008. Eastern Bank is open today.
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1872Melrose Savings Bank opens in Reading, MA
- Feb 1, 1983renamed MassBank for Savings
- Apr 22, 1996renamed MassBank
- Oct 10, 2008MERGEDMassBank merged into Eastern Bank of Boston, MA.FDIC certificate 22089 ends; its business continues under certificate 32773.
- TodayOPEN
Eastern BankMain office Boston, MA · FDIC certificate 32773 · 129 offices in 3 states on June 30, 2026Every Eastern Bank office → Website on file with the FDIC: www.easternbank.com
If you still have something from MassBank
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows MassBank as lienholder, start with Eastern Bank. In a merger the surviving bank takes over the other bank's loans, so it is the bank to ask for a recordable lien release; if the loan was sold along the way, it can tell you to whom.
The FDIC says it cannot process lien releases for banks that merged or were acquired without government assistance, which is what the record shows here.
Record the release with the same county office that recorded the original mortgage or deed of trust.
An old account, passbook or CD
Ask Eastern Bank to search for the account under the name MassBank. A passbook or certificate shows an account existed. It doesn't show the money is still there, and the OCC notes that federal rules require banks to keep most account records for five years.
Accounts nobody touches are eventually turned over to a state. The OCC puts the usual wait at three to five years with no activity, set by each state's law. Search the unclaimed-property program of the state of the owner's last known address on the bank's records, and any other state they lived in. It is free to search and to claim through a state's own site, and MissingMoney.com, an official site of the state administrators' association, searches most states at once.
A safe deposit box
Ask Eastern Bank which branch now holds boxes from the MassBank office you used. The OCC says a box with no activity for three to five years (the period is set by state statute) is likely treated as dormant, and its contents may be turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain. The office list below shows which bank each office reports under now.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Its offices in the FDIC deposit reports
15 offices filed under this charter in some year from 1994 on. 7 are still open as of June 30, 2026.
| Office | Now |
|---|---|
| 123 Haven StReading, MA | OpenEastern Bank |
| 370 Main StWilmington, MA | OpenEastern Bank |
| 291 Chelmsford StChelmsford, MA | OpenEastern Bank |
| 203 Littleton RdWestford, MA | OpenEastern Bank |
| 45 Broadway RdDracut, MA | OpenEastern Bank |
| 738 BroadwayEverett, MA | OpenEastern Bank |
| 50 Central StLowell, MA | OpenEastern Bank |
| 53 Locust StreetMedford, MA | No longer reported |
| 1800 Main Street Route 38Tewksbury, MA | No longer reported |
| 755 Lakeview AvenueLowell, MA | No longer reported |
| 17 North RoadChelmsford, MA | No longer reported |
| 27 Melrose StreetMelrose, MA | No longer reported |
| 219 Lowell StreetWilmington, MA | No longer reported |
| 476 Main StreetMelrose, MA | No longer reported |
| 240 Main StreetStoneham, MA | No longer reported |
Banks folded into MassBank
3 banks merged directly into this charter.
| Bank | Ended |
|---|---|
| Glendale Co-operative BankEverett, MA | Jul 21, 1997 |
| The Central Savings BankLowell, MA | Feb 14, 1992 |
| Reading Savings BankReading, MA | Feb 1, 1983 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 22089 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.