Bank Branches › Closed and merged banks › New York › CMS Bank
What happened to CMS Bank?
CMS Bank in Mount Vernon, NY (earlier called Community Mutual Savings Bank of Southern New York and 1 other name) merged into Putnam County Savings Bank of Brewster, NY on Apr 29, 2015. After 1 more change of hands, what was CMS Bank is today part of Beacon Bank and Trust (Boston, MA).
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.
- 1980Community Mutual Savings Bank of Southern New York opens in Mount Vernon, NY
- Jan 1, 1984renamed Community Mutual Savings Bank
- Jun 29, 2012renamed CMS Bank
- Apr 29, 2015MERGEDCMS Bank merged into Putnam County Savings Bank of Brewster, NY.FDIC certificate 23047 ends; its business continues under certificate 15995.
- Sep 2, 2025MERGEDPutnam County Savings Bank (by then renamed PCSB Bank) of Brewster, NY merged into Beacon Bank and Trust of Boston, MA.FDIC certificate 15995 ends; its business continues under certificate 17798.
- TodayOPEN
Beacon Bank and TrustMain office Boston, MA · FDIC certificate 17798 · 150 offices in 5 states on June 30, 2026Every Beacon Bank and Trust office → Website on file with the FDIC: www.beaconbank.com
If you still have something from CMS Bank
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows CMS Bank as lienholder, start with Beacon Bank and Trust. 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 Beacon Bank and Trust to search for the account under the name CMS Bank. 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 Beacon Bank and Trust which branch now holds boxes from the CMS Bank 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
8 offices filed under this charter in some year from 1994 on. 5 are still open as of June 30, 2026.
| Office | Now |
|---|---|
| 12 S Bedford RdMount Kisco, NY | OpenBeacon Bank and Trust |
| 441 Tarrytown RdWhite Plains, NY | OpenBeacon Bank and Trust |
| 119 Gramatan AvenueMount Vernon, NY | OpenBeacon Bank and Trust |
| 29 Taylor SqEast White Plains, NY | OpenBeacon Bank and Trust |
| 478 White Plains RdEastchester, NY | OpenBeacon Bank and Trust |
| 40 East First StreetMount Vernon, NY | No longer reported |
| 50 Main StreetWhite Plains, NY | No longer reported |
| 50 Main StreetWhite Plains, NY | No longer reported |
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 23047 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.