MAYFLOWER FS&LA Failed 1980
What happened
MAYFLOWER FS&LA of PROVIDENCE, RI was closed on 1980-07-01. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to OLD COLONY COOP BANK (PROVIDENCE, RI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 575
- FDIC Certificate
- 31289
- FDIC FIN
- 0
- Bank name
- MAYFLOWER FS&LA
- Location
- PROVIDENCE, RI
- Failure date
- 1980-07-01
- FDIC resolution date
- 1980-07-01
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $16M
- Assets at failure
- $24M
- Acquiring bank
- OLD COLONY COOP BANK (PROVIDENCE, RI)