MOHAWK BK & TR CO. Failed 1980

GREENFIELD, MA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

MOHAWK BK & TR CO. of GREENFIELD, MA was closed on 1980-02-16. The FDIC was named receiver.

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

Deposits were transferred to BAYBANK 1ST EASTHAMPTON (EASTHAMPTON, MA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
566
FDIC Certificate
21751
FDIC FIN
2281
Bank name
MOHAWK BK & TR CO.
Location
GREENFIELD, MA
Failure date
1980-02-16
FDIC resolution date
1980-02-16
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$0M
Deposits at failure
$5M
Assets at failure
$6M
Acquiring bank
BAYBANK 1ST EASTHAMPTON (EASTHAMPTON, MA)