Bank failure · MA
Eliot Savings Bank (Boston, MA) — failed June 29, 1990
Eliot Savings Bank of Boston, Massachusetts was closed on June 29, 1990 and resolved through a purchase and assumption. South Boston Savings Bank (MA) took over its insured deposits. At failure it held $479.5M in assets and $468.0M in deposits. The FDIC's estimated loss on the failure is $212.3M (44.3% of assets).
- Closing date
- June 29, 1990
- FDIC certificate #
- 22320
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- South Boston Savings Bank
- Insurance fund
- BIF
Other failures in 1990
- Capitol Bank and Trust Company MA
- First Fs & LA of Andalusia AL
- Southern Fs LA
- Enterprise Savings Bank, Fa IL
- Arkansas FSB AR
- Mid-America Fs & LA OH
- Far Western Bank CA
- Home Federal Bank for Savings IL
- Community Fs & LA MO
- Frontier Savings Association NV
- Old Borough Savings & Loan NJ
- The State Bank of Omaha TX
- Comfed Savings Bank MA
- Peoples State Bank TX
- Empire Savings Bank NJ
- Olympic Federal Savings IL
- First Commercial Bank of Florida FL
- Washington County State Bank TX
- First State Bank OK
- Bank of Commerce LA
- New England Allbank for Savings MA
- First National Bank of Rowlett TX
- Heights Bank TX
- Texarkana Fs & LA AR