UNITY BK & TR COMPANY Failed 1982
What happened
UNITY BK & TR COMPANY of BOSTON, MA was closed on 1982-07-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BOSTON BANK OF COMMERCE (BOSTON, MA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 680
- FDIC Certificate
- 19831
- FDIC FIN
- 2316
- Bank name
- UNITY BK & TR COMPANY
- Location
- BOSTON, MA
- Failure date
- 1982-07-30
- FDIC resolution date
- 1982-07-30
- 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.)
- $3M
- Deposits at failure
- $11M
- Assets at failure
- $13M
- Acquiring bank
- BOSTON BANK OF COMMERCE (BOSTON, MA)
Other banks BOSTON BANK OF COMMERCE acquired in FDIC resolutions