# MERCHANTS NATIONAL BANK

> **Failed bank** · LEOMINSTER, MA · failed 1991-12-13 · National commercial bank (OCC-chartered) · FDIC cost $29M

## What happened

MERCHANTS NATIONAL BANK of LEOMINSTER, MA was closed by the OCC on **1991-12-13**. The FDIC was named receiver.

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

Deposits were transferred to **WORCESTER COUNTY INSTITUTIO** (WORCESTER, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3246
- **FDIC Certificate:** 2599
- **FDIC FIN:** 4432
- **Bank name:** MERCHANTS NATIONAL BANK
- **Location:** LEOMINSTER, MA
- **Failure date:** 1991-12-13
- **FDIC resolution date:** 1991-12-13
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $29M
- **Deposits at failure:** $147M
- **Assets at failure:** $154M
- **Acquiring bank:** WORCESTER COUNTY INSTITUTIO (WORCESTER, MA)

## Other banks WORCESTER COUNTY INSTITUTIO has acquired in FDIC resolutions

- NEW ENGLAND ALLBANK FOR SAVINGS (GARDNER, MA) — failed 1990-12-12 — /failed-bank/2960

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERCHANTS NATIONAL BANK (FDIC ID 3246), failed 1991-12-13. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3246.

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