Bank failure · MA
The First National Bank of Marlborough (Marlborough, MA) — failed January 23, 1987
The First National Bank of Marlborough of Marlborough, Massachusetts was closed on January 23, 1987 and resolved through a insured deposit transfer. Worcester Cnty Inst for (MA) took over its insured deposits. At failure it held $60.7M in assets and $55.9M in deposits. The FDIC's estimated loss on the failure is $18.7M (30.7% of assets).
- Closing date
- January 23, 1987
- FDIC certificate #
- 2609
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Worcester Cnty Inst for
- Insurance fund
- FDIC
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