# BUTLER BANK

> **Failed bank** · LOWELL, MA · failed 2010-04-16 · SI · FDIC cost $18M

## What happened

BUTLER BANK of LOWELL, MA was closed by state regulators on **2010-04-16**. The FDIC was named receiver.

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

Deposits were transferred to **PEOPLE'S UNITED BANK** (BRIDGEPORT, CT). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3779
- **FDIC Certificate:** 26619
- **FDIC FIN:** 10211
- **Bank name:** BUTLER BANK
- **Location:** LOWELL, MA
- **Failure date:** 2010-04-16
- **FDIC resolution date:** 2010-04-16
- **Charter type:** SI
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $18M
- **Deposits at failure:** $227M
- **Assets at failure:** $246M
- **Acquiring bank:** PEOPLE'S UNITED BANK (BRIDGEPORT, CT)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BUTLER BANK (FDIC ID 3779), failed 2010-04-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3779.

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