SENTRY FEDERAL SAVINGS BANK Failed 1990
What happened
SENTRY FEDERAL SAVINGS BANK of HYANNIS, MA was closed on 1990-09-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NEW BEDFORD INSTITUTION FOR (NEW BEDFORD, MA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2907
- FDIC Certificate
- 28366
- FDIC FIN
- 7377
- Bank name
- SENTRY FEDERAL SAVINGS BANK
- Location
- HYANNIS, MA
- Failure date
- 1990-09-21
- FDIC resolution date
- 1991-07-26
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $192M
- Deposits at failure
- $589M
- Assets at failure
- $735M
- Acquiring bank
- NEW BEDFORD INSTITUTION FOR (NEW BEDFORD, MA)