EASTLAND SAVINGS BANK Failed 1992
What happened
EASTLAND SAVINGS BANK of WOONSOCKET, RI was closed on 1992-12-11. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to FLEET NATIONAL BANK (PROVIDENCE, RI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3428
- FDIC Certificate
- 16977
- FDIC FIN
- 4558
- Bank name
- EASTLAND SAVINGS BANK
- Location
- WOONSOCKET, RI
- Failure date
- 1992-12-11
- FDIC resolution date
- 1992-12-11
- Charter type
- SI
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $499M
- Assets at failure
- $515M
- Acquiring bank
- FLEET NATIONAL BANK (PROVIDENCE, RI)
Other banks FLEET NATIONAL BANK acquired in FDIC resolutions