# MAYFLOWER FS&LA

> **Failed bank** · PROVIDENCE, RI · failed 1980-07-01 · SL · FDIC cost $2M

## What happened

MAYFLOWER FS&LA of PROVIDENCE, RI was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $16M
- **Assets at failure:** $24M
- **Acquiring bank:** OLD COLONY COOP BANK (PROVIDENCE, RI)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MAYFLOWER%20FS%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MAYFLOWER FS&LA (FDIC ID 575), failed 1980-07-01. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/575.

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