FREEDOM FS&LA Failed 1982
What happened
FREEDOM FS&LA of WORCESTER, MA was closed on 1982-10-12. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to NORTHEAST SAVINGS FA (HARTFORD, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 719
- FDIC Certificate
- 28203
- FDIC FIN
- 1633
- Bank name
- FREEDOM FS&LA
- Location
- WORCESTER, MA
- Failure date
- 1982-10-12
- FDIC resolution date
- 1982-10-12
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $645M
- Assets at failure
- $791M
- Acquiring bank
- NORTHEAST SAVINGS FA (HARTFORD, CT)
Other banks NORTHEAST SAVINGS FA acquired in FDIC resolutions