OLD STONE SB Failed 1993
What happened
OLD STONE SB of PROVIDENCE, RI was closed on 1993-01-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS SB (PROVIDENCE, RI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3435
- FDIC Certificate
- 29892
- FDIC FIN
- 1290
- Bank name
- OLD STONE SB
- Location
- PROVIDENCE, RI
- Failure date
- 1993-01-29
- FDIC resolution date
- 1994-07-08
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $74M
- Deposits at failure
- $1,704M
- Assets at failure
- $1,847M
- Acquiring bank
- CITIZENS SB (PROVIDENCE, RI)