Bank failure · MA

Mohawk Bk & Tr Co. (Greenfield, MA) — failed February 16, 1980

Mohawk Bk & Tr Co. of Greenfield, Massachusetts was closed on February 16, 1980 and resolved through a purchase and assumption. Baybank 1st Easthampton (MA) took over its insured deposits. At failure it held $5.9M in assets and $5.4M in deposits. The FDIC's estimated loss on the failure is $221K (3.7% of assets).