Bank failure · MA

Plymouth Five Cents Savings Bank (Plymouth, MA) — failed September 18, 1992

Plymouth Five Cents Savings Bank of Plymouth, Massachusetts was closed on September 18, 1992 and resolved through a purchase and assumption (insured deposits). Citizens Bank of Ma (MA) took over its insured deposits. At failure it held $221.0M in assets and $182.9M in deposits. The FDIC's estimated loss on the failure is $5.3M (2.4% of assets).