Bank failure · MA

First Fs&la (Boston, MA) — failed October 12, 1982

First Fs&la of Boston, Massachusetts was closed on October 12, 1982 and resolved through a a/a. Northeast Savings Fa (CT) took over its insured deposits. At failure it held $236.0M in assets and $177.7M in deposits. The FDIC's estimated loss on the failure is $3.0M (1.3% of assets).