Bank failure · RI

Eastland Savings Bank (Woonsocket, RI) — failed December 11, 1992

Eastland Savings Bank of Woonsocket, Rhode Island was closed on December 11, 1992 and resolved through a purchase and assumption (insured deposits). Fleet National Bank (RI) took over its insured deposits. At failure it held $515.3M in assets and $499.0M in deposits. The FDIC's estimated loss on the failure is $10.3M (2.0% of assets).