Danvers Bancorp, Inc. · Danvers, MA United States
| 1 Conant St. | Phone: 978-777-2200 |
| Danvers, MA | |
| 01923 | Toll Free: 800-771-8200 |
| United States |
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Company Description
Danvers Bancorp was the holding company for Danversbank, which served eastern Massachusetts from nearly 30 branches. Founded in 1850, the bank offered deposit services such as checking and savings accounts, in addition to loan services for both consumers and businesses. Commercial and industrial loans dominated its portfolio, followed by commercial mortgages, residential mortgages, and construction loans. Wealth management services were offered through an arrangement with Raymond James Financial. In 2009 Danvers Bancorp acquired Beverly National Bancorp and its eight Beverly National Bank locations in a $62 million stock swap. People's United Financial bought Danvers Bancorp in 2011 for some $493 million.

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