Bank failure · MA
New England Fsa (Wellesley, MA) — failed July 17, 1992
New England Fsa of Wellesley, Massachusetts was closed on July 17, 1992 and resolved through a purchase and assumption. Cambridgeport Bank (MA) took over its insured deposits. At failure it held $137.3M in assets and $118.1M in deposits. The FDIC's estimated loss on the failure is $25.9M (18.9% of assets).
- Closing date
- July 17, 1992
- FDIC certificate #
- 32444
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Cambridgeport Bank
- Insurance fund
- RTC
Other failures in 1992
- The Bremen State Bank KS
- The Rushville National Bank IN
- Eastland Savings Bank RI
- Eastland Bank RI
- Meritor Savings Bank PA
- Sailors & Merchants B&t Co. VA
- Citizens State Bank TX
- Palm Beach Fsa FL
- Carteret FSB NJ
- Security Federal NJ
- Burritt Interfinancial Bancorporation CT
- Huntington Pacific Thrift & Loan CA
- Heritage Bank for Savings MA
- Second National, FSB MD
- The Merchants Bank MO
- Crestline Fs & LA OH
- Polifly Fs & LA NJ
- Irving Fb for Savings IL
- The Overland Park Fs & LA KS
- Statewide Thrift and Loan Co. CA
- Investors Bank and Trust Company LA
- First New York Bank for Business NY
- Metro North State Bank MO
- Guaranty-First Trust Company MA