Bank failure · RI
Colonial FSB (Cranston, RI) — failed May 10, 1991
Colonial FSB of Cranston, Rhode Island was closed on May 10, 1991 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $60.6M in assets and $62.3M in deposits. The FDIC's estimated loss on the failure is $28.6M (47.2% of assets).
- Closing date
- May 10, 1991
- FDIC certificate #
- 32537
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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