Failures by State
Bank Failures in Massachusetts
56 FDIC-insured banks headquartered in Massachusetts have failed since 1937. The most recent was Butler Bank on April 16, 2010. The worst year was 1992, with 17 failures. Failed banks held $33.10B in assets at closing.
56
Failures
1937 to 2010
$33.10B
Failed assets
At closing
$4.34B
Estimated DIF loss
FDIC estimate
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Largest bank failures in Massachusetts
| Date | Bank | Assets |
|---|---|---|
| Jan 6, 1991 | Bank of New England, National Assoc | $13.43B |
| Apr 27, 1990 | Home Owners Savings Bank | $3.49B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
| Dec 4, 1992 | Heritage Bank for Savings | $1.29B |
| Jun 28, 1991 | First Mutual Bank for Savings | $1.13B |
| Mar 31, 1989 | First Service Bank for Savings | $880.7M |
| Sep 21, 1990 | Sentry Federal Savings Bank | $735.5M |
| Aug 21, 1992 | Attleboro Pawtucket SB | $632.5M |
| Oct 19, 1990 | First American Bank for Savings | $526.2M |
| Oct 16, 1987 | Yankee Bank for Finance & Saving | $525.5M |
Massachusetts bank failures by year
Every bank failure in Massachusetts
| Date | Bank | Assets |
|---|---|---|
| Feb 16, 1980 | Mohawk BK & TR Co. | $5.9M |
| Sep 14, 1976 | The New Boston Bank and Trust Company | $6.7M |
| May 9, 1975 | Chicopee Bank & Trust Company | $11.4M |
| May 27, 1972 | Surety Bank and Trust Company | $22.1M |
| Dec 3, 1938 | The National City Bank of Lynn | — |
| Sep 11, 1937 | Stoneham Trust Company | — |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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