# THE CENTRAL SAVINGS BANK

> **Failed bank** · LOWELL, MA · failed 1992-02-14 · SI · FDIC cost $27M

## What happened

THE CENTRAL SAVINGS BANK of LOWELL, MA was closed by state regulators on **1992-02-14**. The FDIC was named receiver.

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

Deposits were transferred to **MASSBANK FOR SAVINGS** (READING, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3273
- **FDIC Certificate:** 90226
- **FDIC FIN:** 4450
- **Bank name:** THE CENTRAL SAVINGS BANK
- **Location:** LOWELL, MA
- **Failure date:** 1992-02-14
- **FDIC resolution date:** 1992-02-14
- **Charter type:** SI
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $27M
- **Deposits at failure:** $354M
- **Assets at failure:** $369M
- **Acquiring bank:** MASSBANK FOR SAVINGS (READING, MA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE CENTRAL SAVINGS BANK (FDIC ID 3273), failed 1992-02-14. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/failed-bank/3273.

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