NEW HERITAGE BANK Failed 1992
What happened
NEW HERITAGE BANK of LAWRENCE, MA was closed on 1992-03-06. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NB OF BOSTON (BOSTON, MA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3284
- FDIC Certificate
- 27092
- FDIC FIN
- 4457
- Bank name
- NEW HERITAGE BANK
- Location
- LAWRENCE, MA
- Failure date
- 1992-03-06
- FDIC resolution date
- 1992-03-06
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $100M
- Assets at failure
- $100M
- Acquiring bank
- FIRST NB OF BOSTON (BOSTON, MA)
Other banks FIRST NB OF BOSTON acquired in FDIC resolutions