NEW ENGLAND ALLBANK FOR SAVINGS Failed 1990
What happened
NEW ENGLAND ALLBANK FOR SAVINGS of GARDNER, MA was closed on 1990-12-12. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to WORCESTER COUNTY INSTITUTIO (WORCESTER, MA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2960
- FDIC Certificate
- 90201
- FDIC FIN
- 4300
- Bank name
- NEW ENGLAND ALLBANK FOR SAVINGS
- Location
- GARDNER, MA
- Failure date
- 1990-12-12
- FDIC resolution date
- 1990-12-12
- Charter type
- SI
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $68M
- Deposits at failure
- $172M
- Assets at failure
- $173M
- Acquiring bank
- WORCESTER COUNTY INSTITUTIO (WORCESTER, MA)
Other banks WORCESTER COUNTY INSTITUTIO acquired in FDIC resolutions