Bank failure · MA

Unity Bk & Tr Company (Boston, MA) — failed July 30, 1982

Unity Bk & Tr Company of Boston, Massachusetts was closed on July 30, 1982 and resolved through a purchase and assumption. Boston Bank of Commerce (MA) took over its insured deposits. At failure it held $12.8M in assets and $11.5M in deposits. The FDIC's estimated loss on the failure is $2.8M (22.3% of assets).