Bank failure · MA

Boston Trade Bank (Boston, MA) — failed May 3, 1991

Boston Trade Bank of Boston, Massachusetts was closed on May 3, 1991 and resolved through a insured deposit transfer. The First National Bank of (MA) took over its insured deposits. At failure it held $307.0M in assets and $301.5M in deposits. The FDIC's estimated loss on the failure is $127.3M (41.5% of assets).