Bank failure · MA
Home Federal (Worcester, MA) — failed June 8, 1990
Home Federal of Worcester, Massachusetts was closed on June 8, 1990 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $235.8M in assets and $243.5M in deposits. The FDIC's estimated loss on the failure is $139.5M (59.1% of assets).
- Closing date
- June 8, 1990
- FDIC certificate #
- 30390
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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