# COOLIDGE BANK AND TRUST COMPANY

> **Failed bank** · BOSTON, MA · failed 1991-10-25 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $86M

## What happened

COOLIDGE BANK AND TRUST COMPANY of BOSTON, MA was closed by regulators on **1991-10-25**. The FDIC was named receiver.

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

Deposits were transferred to **PIONEER FINANCIAL, A COOPER** (MALDEN, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3225
- **FDIC Certificate:** 18317
- **FDIC FIN:** 4417
- **Bank name:** COOLIDGE BANK AND TRUST COMPANY
- **Location:** BOSTON, MA
- **Failure date:** 1991-10-25
- **FDIC resolution date:** 1991-10-25
- **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:** $86M
- **Deposits at failure:** $315M
- **Assets at failure:** $321M
- **Acquiring bank:** PIONEER FINANCIAL, A COOPER (MALDEN, MA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COOLIDGE BANK AND TRUST COMPANY (FDIC ID 3225), failed 1991-10-25. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3225.

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