Bank failure · MA

Sentry Federal Savings Bank (Hyannis, MA) — failed September 21, 1990

Sentry Federal Savings Bank of Hyannis, Massachusetts was closed on September 21, 1990 and resolved through a purchase and assumption. New Bedford Institution for (MA) took over its insured deposits. At failure it held $735.5M in assets and $588.5M in deposits. The FDIC's estimated loss on the failure is $192.1M (26.1% of assets).