THE HOME NATIONAL BANK OF MILFORD Failed 1990

MILFORD, MA · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE HOME NATIONAL BANK OF MILFORD of MILFORD, MA was closed on 1990-06-01. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BAYBANK MIDDLESEX (BURLINGTON, MA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2786
FDIC Certificate
2614
FDIC FIN
4211
Bank name
THE HOME NATIONAL BANK OF MILFORD
Location
MILFORD, MA
Failure date
1990-06-01
FDIC resolution date
1990-06-01
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$95M
Deposits at failure
$436M
Assets at failure
$462M
Acquiring bank
BAYBANK MIDDLESEX (BURLINGTON, MA)