Bank failure · MA

Coolidge Corner Co-Operative Bank (Brookline, MA) — failed March 14, 1991

Coolidge Corner Co-Operative Bank of Brookline, Massachusetts was closed on March 14, 1991 and resolved through a purchase and assumption. Brookline Savings Bank (MA) took over its insured deposits. At failure it held $83.7M in assets and $83.8M in deposits. The FDIC's estimated loss on the failure is $12.1M (14.5% of assets).