Bank failure · MA
The Blackstone Bank and Trust Co (Boston, MA) — failed March 15, 1991
The Blackstone Bank and Trust Co of Boston, Massachusetts was closed on March 15, 1991 and resolved through a insured deposit transfer. Baybank Boston, N.A. (MA) took over its insured deposits. At failure it held $49.3M in assets and $48.4M in deposits. The FDIC's estimated loss on the failure is $15.2M (30.8% of assets).
- Closing date
- March 15, 1991
- FDIC certificate #
- 27003
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Baybank Boston, N.A.
- Insurance fund
- BIF
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