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Bank failure · MA

The New Boston Bank and Trust Company (Boston, MA) — failed September 14, 1976

The New Boston Bank and Trust Company of Boston, Massachusetts was closed on September 14, 1976 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $6.7M in assets and $5.3M in deposits.

Closing date
September 14, 1976
FDIC certificate #
20120
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1976

What happens when a bank fails