# SOUTHSTATE BANK FOR SAVINGS

> **Failed bank** · BROCKTON, MA · failed 1992-04-24 · SI · FDIC cost $10M

## What happened

SOUTHSTATE BANK FOR SAVINGS of BROCKTON, MA was closed by state regulators on **1992-04-24**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **BAYBANK** (BURLINGTON, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3316
- **FDIC Certificate:** 90170
- **FDIC FIN:** 4475
- **Bank name:** SOUTHSTATE BANK FOR SAVINGS
- **Location:** BROCKTON, MA
- **Failure date:** 1992-04-24
- **FDIC resolution date:** 1992-04-24
- **Charter type:** SI
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $267M
- **Assets at failure:** $286M
- **Acquiring bank:** BAYBANK (BURLINGTON, MA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHSTATE BANK FOR SAVINGS (FDIC ID 3316), failed 1992-04-24. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3316.

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