Bank failure · MA

Massachusetts Bank & Trust Co. (Brockton, MA) — failed July 31, 1992

Massachusetts Bank & Trust Co. of Brockton, Massachusetts was closed on July 31, 1992 and resolved through a purchase and assumption (insured deposits). Haymarket Coop Bank (MA) took over its insured deposits. At failure it held $61.8M in assets and $59.4M in deposits. The FDIC's estimated loss on the failure is $13.4M (21.7% of assets).