Bank failure · MA

First Mutual Bank for Savings (Boston, MA) — failed June 28, 1991

First Mutual Bank for Savings of Boston, Massachusetts was closed on June 28, 1991 and resolved through a purchase and assumption. First National Bank of Bost (MA) took over its insured deposits. At failure it held $1.1B in assets and $1.1B in deposits. The FDIC's estimated loss on the failure is $169.9M (15.0% of assets).