Bank failure · RI

Mayflower Fs&la (Providence, RI) — failed July 1, 1980

Mayflower Fs&la of Providence, Rhode Island was closed on July 1, 1980 and resolved through a a/a. Old Colony Coop Bank (RI) took over its insured deposits. At failure it held $24.0M in assets and $15.8M in deposits. The FDIC's estimated loss on the failure is $1.9M (7.8% of assets).