Bank failure · MA
The Home National Bank of Milford (Milford, MA) — failed June 1, 1990
The Home National Bank of Milford of Milford, Massachusetts was closed on June 1, 1990 and resolved through a purchase and assumption. Baybank Middlesex (MA) took over its insured deposits. At failure it held $461.7M in assets and $436.3M in deposits. The FDIC's estimated loss on the failure is $94.7M (20.5% of assets).
- Closing date
- June 1, 1990
- FDIC certificate #
- 2614
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Baybank Middlesex
- Insurance fund
- BIF
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