# OLD STONE SB

> **Failed bank** · PROVIDENCE, RI · failed 1993-01-29 · Savings bank · FDIC cost $74M

## What happened

OLD STONE SB of PROVIDENCE, RI was closed by state regulators 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
- **Estimated FDIC DIF cost:** $74M
- **Deposits at failure:** $1,704M
- **Assets at failure:** $1,847M
- **Acquiring bank:** CITIZENS SB (PROVIDENCE, RI)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=OLD%20STONE%20SB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OLD STONE SB (FDIC ID 3435), failed 1993-01-29. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3435.

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