# UNIVERSITY BANK, NATIONAL ASSOCIATION

> **Failed bank** · NEWTON, MA · failed 1991-05-31 · National commercial bank (OCC-chartered) · FDIC cost $104M

## What happened

UNIVERSITY BANK, NATIONAL ASSOCIATION of NEWTON, MA was closed by the OCC on **1991-05-31**. The FDIC was named receiver.

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

Deposits were transferred to **STERLING BANK** (WALTHAM, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3114
- **FDIC Certificate:** 10544
- **FDIC FIN:** 4362
- **Bank name:** UNIVERSITY BANK, NATIONAL ASSOCIATION
- **Location:** NEWTON, MA
- **Failure date:** 1991-05-31
- **FDIC resolution date:** 1991-05-31
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $104M
- **Deposits at failure:** $296M
- **Assets at failure:** $319M
- **Acquiring bank:** STERLING BANK (WALTHAM, MA)

## Other banks STERLING BANK has acquired in FDIC resolutions

- WOBURN FIVE CENTS SAVINGS BANK (WOBURN, MA) — failed 1991-06-07 — /failed-bank/3124
- FIRST CITY BANK (GLENDALE, CA) — failed 1985-12-20 — /failed-bank/1124

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNIVERSITY%20BANK%2C%20NATIONAL%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNIVERSITY BANK, NATIONAL ASSOCIATION (FDIC ID 3114), failed 1991-05-31. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/failed-bank/3114.

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