Bank failure · MA

Home Owners Savings Bank (Burlington, MA) — failed April 27, 1990

Home Owners Savings Bank of Burlington, Massachusetts was closed on April 27, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $3.5B in assets and $2.7B in deposits. The FDIC's estimated loss on the failure is $354.3M (10.1% of assets).