# FIRST MUTUAL BANK FOR SAVINGS

> **Failed bank** · BOSTON, MA · failed 1991-06-28 · SI · FDIC cost $170M

## What happened

FIRST MUTUAL BANK FOR SAVINGS of BOSTON, MA was closed by state regulators on **1991-06-28**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST NATIONAL BANK OF BOST** (BOSTON, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3133
- **FDIC Certificate:** 17795
- **FDIC FIN:** 4371
- **Bank name:** FIRST MUTUAL BANK FOR SAVINGS
- **Location:** BOSTON, MA
- **Failure date:** 1991-06-28
- **FDIC resolution date:** 1991-06-28
- **Charter type:** SI
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $170M
- **Deposits at failure:** $1,081M
- **Assets at failure:** $1,130M
- **Acquiring bank:** FIRST NATIONAL BANK OF BOST (BOSTON, MA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20MUTUAL%20BANK%20FOR%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST MUTUAL BANK FOR SAVINGS (FDIC ID 3133), failed 1991-06-28. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3133.

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