# NEW HERITAGE BANK

> **Failed bank** · LAWRENCE, MA · failed 1992-03-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $19M

## What happened

NEW HERITAGE BANK of LAWRENCE, MA was closed by regulators 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
- **Estimated FDIC DIF cost:** $19M
- **Deposits at failure:** $100M
- **Assets at failure:** $100M
- **Acquiring bank:** FIRST NB OF BOSTON (BOSTON, MA)

## Other banks FIRST NB OF BOSTON has acquired in FDIC resolutions

- WORKINGMEN'S CO-OPERATIVE BANK (BOSTON, MA) — failed 1992-05-29 — /failed-bank/3329

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW HERITAGE BANK (FDIC ID 3284), failed 1992-03-06. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3284.

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