Bank failure · MA

University Bank, National Association (Newton, MA) — failed May 31, 1991

University Bank, National Association of Newton, Massachusetts was closed on May 31, 1991 and resolved through a insured deposit transfer. Sterling Bank (MA) took over its insured deposits. At failure it held $318.8M in assets and $295.8M in deposits. The FDIC's estimated loss on the failure is $104.2M (32.7% of assets).