ELIOT SAVINGS BANK Failed 1990
What happened
ELIOT SAVINGS BANK of BOSTON, MA was closed on 1990-06-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SOUTH BOSTON SAVINGS BANK (BOSTON, MA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2831
- FDIC Certificate
- 22320
- FDIC FIN
- 4242
- Bank name
- ELIOT SAVINGS BANK
- Location
- BOSTON, MA
- Failure date
- 1990-06-29
- FDIC resolution date
- 1990-06-29
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $212M
- Deposits at failure
- $468M
- Assets at failure
- $479M
- Acquiring bank
- SOUTH BOSTON SAVINGS BANK (BOSTON, MA)
Other banks SOUTH BOSTON SAVINGS BANK acquired in FDIC resolutions