THE BLACKSTONE BANK AND TRUST CO Failed 1991

BOSTON, MA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE BLACKSTONE BANK AND TRUST CO of BOSTON, MA was closed on 1991-03-15. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to BAYBANK BOSTON, N.A. (BOSTON, MA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3039
FDIC Certificate
27003
FDIC FIN
4333
Bank name
THE BLACKSTONE BANK AND TRUST CO
Location
BOSTON, MA
Failure date
1991-03-15
FDIC resolution date
1991-03-15
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Insured Deposit Transfer — insured deposits transferred to another bank
FDIC DIF cost (est.)
$15M
Deposits at failure
$48M
Assets at failure
$49M
Acquiring bank
BAYBANK BOSTON, N.A. (BOSTON, MA)