# NEW ENGLAND ALLBANK FOR SAVINGS

> **Failed bank** · GARDNER, MA · failed 1990-12-12 · SI · FDIC cost $68M

## What happened

NEW ENGLAND ALLBANK FOR SAVINGS of GARDNER, MA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $68M
- **Deposits at failure:** $172M
- **Assets at failure:** $173M
- **Acquiring bank:** WORCESTER COUNTY INSTITUTIO (WORCESTER, MA)

## Other banks WORCESTER COUNTY INSTITUTIO has acquired in FDIC resolutions

- MERCHANTS NATIONAL BANK (LEOMINSTER, MA) — failed 1991-12-13 — /failed-bank/3246

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20ENGLAND%20ALLBANK%20FOR%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW ENGLAND ALLBANK FOR SAVINGS (FDIC ID 2960), failed 1990-12-12. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/2960.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*