# WORKINGMEN'S CO-OPERATIVE BANK

> **Failed bank** · BOSTON, MA · failed 1992-05-29 · SI · FDIC cost $13M

## What happened

WORKINGMEN'S CO-OPERATIVE BANK of BOSTON, MA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $13M
- **Deposits at failure:** $190M
- **Assets at failure:** $224M
- **Acquiring bank:** FIRST NB OF BOSTON (BOSTON, MA)

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

- NEW HERITAGE BANK (LAWRENCE, MA) — failed 1992-03-06 — /failed-bank/3284

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WORKINGMEN'S%20CO-OPERATIVE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WORKINGMEN'S CO-OPERATIVE BANK (FDIC ID 3329), failed 1992-05-29. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3329.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*