# NEW ENGLAND FSA

> **Failed bank** · WELLESLEY, MA · failed 1992-07-17 · Savings bank · FDIC cost $26M

## What happened

NEW ENGLAND FSA of WELLESLEY, MA was closed by state regulators on **1992-07-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CAMBRIDGEPORT BANK** (CAMBRIDGE, MA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3360
- **FDIC Certificate:** 32444
- **FDIC FIN:** 1247
- **Bank name:** NEW ENGLAND FSA
- **Location:** WELLESLEY, MA
- **Failure date:** 1992-07-17
- **FDIC resolution date:** 1994-03-04
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $26M
- **Deposits at failure:** $118M
- **Assets at failure:** $137M
- **Acquiring bank:** CAMBRIDGEPORT BANK (CAMBRIDGE, MA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20ENGLAND%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW ENGLAND FSA (FDIC ID 3360), failed 1992-07-17. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3360.

---

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