Bank failure · RI

Rhode Island Fs&la (Providence, RI) — failed September 1, 1984

Rhode Island Fs&la of Providence, Rhode Island was closed on September 1, 1984 and resolved through a a/a. Old Stone Bank FSB (RI) took over its insured deposits. At failure it held $130.3M in assets and $124.4M in deposits. The FDIC's estimated loss on the failure is $9.6M (7.3% of assets).