VANGUARD SAVINGS BANK Failed 1992
What happened
VANGUARD SAVINGS BANK of HOLYOKE, MA was closed on 1992-03-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FLEET BANK OF MA NA (BOSTON, MA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3298
- FDIC Certificate
- 17778
- FDIC FIN
- 4467
- Bank name
- VANGUARD SAVINGS BANK
- Location
- HOLYOKE, MA
- Failure date
- 1992-03-27
- FDIC resolution date
- 1992-03-27
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $120M
- Deposits at failure
- $433M
- Assets at failure
- $428M
- Acquiring bank
- FLEET BANK OF MA NA (BOSTON, MA)
Other banks FLEET BANK OF MA NA acquired in FDIC resolutions