# FIRST FS&LA

> **Failed bank** · BOSTON, MA · failed 1982-10-12 · SL · FDIC cost $3M

## What happened

FIRST FS&LA of BOSTON, MA was closed by state regulators 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:** 720
- **FDIC Certificate:** 28297
- **FDIC FIN:** 1633
- **Bank name:** FIRST FS&LA
- **Location:** BOSTON, MA
- **Failure date:** 1982-10-12
- **FDIC resolution date:** 1982-10-12
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $178M
- **Assets at failure:** $236M
- **Acquiring bank:** NORTHEAST SAVINGS FA (HARTFORD, CT)

## Other banks NORTHEAST SAVINGS FA has acquired in FDIC resolutions

- FREEDOM FS&LA (WORCESTER, MA) — failed 1982-10-12 — /failed-bank/719

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA (FDIC ID 720), failed 1982-10-12. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/720.

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