# MIDCOUNTY BANK AND TRUST COMPANY

> **Failed bank** · NORWOOD, MA · failed 1991-09-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $12M

## What happened

MIDCOUNTY BANK AND TRUST COMPANY of NORWOOD, MA was closed by regulators on **1991-09-27**. The FDIC was named receiver.

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

Deposits were transferred to **DEDHAM INSTITUTION FOR SAVI** (DEDHAM, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3193
- **FDIC Certificate:** 26843
- **FDIC FIN:** 4402
- **Bank name:** MIDCOUNTY BANK AND TRUST COMPANY
- **Location:** NORWOOD, MA
- **Failure date:** 1991-09-27
- **FDIC resolution date:** 1991-09-27
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $58M
- **Assets at failure:** $62M
- **Acquiring bank:** DEDHAM INSTITUTION FOR SAVI (DEDHAM, MA)
- **FDIC comments:** The FDIC did not cover uninsured depositors.  However, the Co-operative Central Bank, a corporation set up to provide deposit insurance to institutions in Massachusetts, covered the uninsured depositors.

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MIDCOUNTY%20BANK%20AND%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MIDCOUNTY BANK AND TRUST COMPANY (FDIC ID 3193), failed 1991-09-27. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3193.

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