Bank Branches › Massachusetts › Essex County › 587 Cabot Street
Full-service office · FDIC office no. 240307
Sovereign Bank
587 Cabot Street, Beverly, MA 01915
Last reported 2002
$25.7M
peak deposits
1996
established
—
rank in county
3
names on the sign
This office record stopped in 2002, and a new FDIC office record (office 518487) started at the same address right after. That's usually a re-filing after a merger or charter change, not a closure.
| Date | Bank on the sign | Deposits | Change |
|---|---|---|---|
| Jun 30 2026 | NOT REPORTED missing from the 2026 report (and every year since 2003) | ||
| Jun 30 2002 | Sovereign Bank | $25.7M | +14% |
| Jun 30 2001 | Sovereign BankNEW NAME | $22.6M | |
| Jun 30 2000 | BankBoston, National Association | not filed | |
| Jun 30 1999 | BankBoston, National Association | $7.3M | +20% |
| Jun 30 1998 | BankBoston, National AssociationNEW NAME | $6.0M | +30% |
| Jun 30 1997 | Rhode Island Hospital Trust National Bank | $4.6M | +153% |
| Jun 30 1996 | Rhode Island Hospital Trust National Bank | $1.8M | |
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All banks in Essex County →
Every Sovereign Bank office →
What became of Sovereign Bank →
Names on the sign
1996–1997Rhode Island Hospital Trust National Bank1998–2000BankBoston, National Association2001–2002Sovereign Bank
The FDIC office number stays with the building when banks merge or rename, so the same office appears under each owner. Follow an earlier name to see what became of that bank.
Deposits are the balances the bank assigned to this office on June 30 of each year, in nominal dollars. Source: FDIC Summary of Deposits, office (UNINUMBR) 240307.