Bank failure · MA

Freedom Fs&la (Worcester, MA) — failed October 12, 1982

Freedom Fs&la of Worcester, 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 $790.7M in assets and $645.0M in deposits. The FDIC's estimated loss on the failure is $9.8M (1.2% of assets).