HERITAGE BANK FOR SAVINGS Failed 1992
What happened
HERITAGE BANK FOR SAVINGS of HOLYOKE, MA was closed on 1992-12-04. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to FLEET BANK OF MA NA (BOSTON, MA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3420
- FDIC Certificate
- 21996
- FDIC FIN
- 4553
- Bank name
- HERITAGE BANK FOR SAVINGS
- Location
- HOLYOKE, MA
- Failure date
- 1992-12-04
- FDIC resolution date
- 1992-12-04
- Charter type
- SI
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $1,001M
- Assets at failure
- $1,288M
- Acquiring bank
- FLEET BANK OF MA NA (BOSTON, MA)
Other banks FLEET BANK OF MA NA acquired in FDIC resolutions