# OLYMPIC INTERNATIONAL BANK & TRUST

> **Failed bank** · BOSTON, MA · failed 1992-06-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $69M

## What happened

OLYMPIC INTERNATIONAL BANK & TRUST of BOSTON, MA was closed by regulators on **1992-06-26**. The FDIC was named receiver.

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

Deposits were transferred to **HAYMARKET COOP BANK** (BOSTON, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3351
- **FDIC Certificate:** 25918
- **FDIC FIN:** 4500
- **Bank name:** OLYMPIC INTERNATIONAL BANK & TRUST
- **Location:** BOSTON, MA
- **Failure date:** 1992-06-26
- **FDIC resolution date:** 1992-06-26
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $69M
- **Deposits at failure:** $142M
- **Assets at failure:** $140M
- **Acquiring bank:** HAYMARKET COOP BANK (BOSTON, MA)

## Other banks HAYMARKET COOP BANK has acquired in FDIC resolutions

- MASSACHUSETTS BANK & TRUST CO. (BROCKTON, MA) — failed 1992-07-31 — /failed-bank/3363

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=OLYMPIC%20INTERNATIONAL%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OLYMPIC INTERNATIONAL BANK & TRUST (FDIC ID 3351), failed 1992-06-26. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/3351.

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