WORKINGMEN'S CO-OPERATIVE BANK Failed 1992
What happened
WORKINGMEN'S CO-OPERATIVE BANK of BOSTON, MA was closed on 1992-05-29. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to FIRST NB OF BOSTON (BOSTON, MA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3329
- FDIC Certificate
- 26864
- FDIC FIN
- 4492
- Bank name
- WORKINGMEN'S CO-OPERATIVE BANK
- Location
- BOSTON, MA
- Failure date
- 1992-05-29
- FDIC resolution date
- 1992-05-29
- Charter type
- SI
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $190M
- Assets at failure
- $224M
- Acquiring bank
- FIRST NB OF BOSTON (BOSTON, MA)
Other banks FIRST NB OF BOSTON acquired in FDIC resolutions