Bank failure · MA
New England Allbank for Savings (Gardner, MA) — failed December 12, 1990
New England Allbank for Savings of Gardner, Massachusetts was closed on December 12, 1990 and resolved through a insured deposit transfer. Worcester County Institutio (MA) took over its insured deposits. At failure it held $173.3M in assets and $172.3M in deposits. The FDIC's estimated loss on the failure is $68.0M (39.3% of assets).
- Closing date
- December 12, 1990
- FDIC certificate #
- 90201
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Worcester County Institutio
- Insurance fund
- BIF
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