Bank failure · MA

Vanguard Savings Bank (Holyoke, MA) — failed March 27, 1992

Vanguard Savings Bank of Holyoke, Massachusetts was closed on March 27, 1992 and resolved through a purchase and assumption. Fleet Bank of Ma NA (MA) took over its insured deposits. At failure it held $427.9M in assets and $432.6M in deposits. The FDIC's estimated loss on the failure is $120.5M (28.2% of assets).