Bank failure · MA

Olympic International Bank & Trust (Boston, MA) — failed June 26, 1992

Olympic International Bank & Trust of Boston, Massachusetts was closed on June 26, 1992 and resolved through a purchase and assumption (insured deposits). Haymarket Coop Bank (MA) took over its insured deposits. At failure it held $140.3M in assets and $142.3M in deposits. The FDIC's estimated loss on the failure is $69.2M (49.3% of assets).