Bank failure · MA

Workingmen'S Co-Operative Bank (Boston, MA) — failed May 29, 1992

Workingmen'S Co-Operative Bank of Boston, Massachusetts was closed on May 29, 1992 and resolved through a purchase and assumption (insured deposits). First Nb of Boston (MA) took over its insured deposits. At failure it held $223.7M in assets and $189.9M in deposits. The FDIC's estimated loss on the failure is $12.9M (5.8% of assets).