# COMMERCIAL BANK AND TRUST COMPANY

> **Failed bank** · LOWELL, MA · failed 1994-05-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

COMMERCIAL BANK AND TRUST COMPANY of LOWELL, MA was closed by regulators on **1994-05-06**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 3485
- **FDIC Certificate:** 18332
- **FDIC FIN:** 4608
- **Bank name:** COMMERCIAL BANK AND TRUST COMPANY
- **Location:** LOWELL, MA
- **Failure date:** 1994-05-06
- **FDIC resolution date:** 1994-05-06
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $30M
- **Assets at failure:** $30M
- **Acquiring bank:** MEDFORD SAVINGS BANK (MEDFORD, MA)

## Other banks MEDFORD SAVINGS BANK has acquired in FDIC resolutions

- THE BANK FOR SAVINGS (MALDEN, MA) — failed 1992-03-20 — /failed-bank/3294

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMERCIAL%20BANK%20AND%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMERCIAL BANK AND TRUST COMPANY (FDIC ID 3485), failed 1994-05-06. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3485.

---

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