Failures by State
Bank Failures in Rhode Island
4 FDIC-insured banks headquartered in Rhode Island have failed since 1991. The most recent was Old Stone SB on January 29, 1993. The worst year was 1992, with 2 failures. Failed banks held $2.51B in assets at closing.
4
Failures
1991 to 1993
$2.51B
Failed assets
At closing
$112.5M
Estimated DIF loss
FDIC estimate
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Largest bank failures in Rhode Island
| Date | Bank | Assets |
|---|---|---|
| Jan 29, 1993 | Old Stone SB | $1.85B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| May 10, 1991 | Colonial FSB | $60.6M |
Rhode Island bank failures by year
Every bank failure in Rhode Island
| Date | Bank | Assets |
|---|---|---|
| Jan 29, 1993 | Old Stone SB | $1.85B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| May 10, 1991 | Colonial FSB | $60.6M |
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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