Data / Bank failures / 2010 / Butler Bank
Butler Bank, Lowell, MA: failed April 16, 2010
Butler Bank in Lowell, Massachusetts, failed on April 16, 2010. People's United Bank of Bridgeport, CT, took over its deposits. It held $245.5 million in assets and $227.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $18.3 million (7.4% of its assets). By assets it was the 80th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- April 16, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- People's United Bank, Bridgeport, CT
- Total assets
- $245,534,000
- Total deposits
- $227,420,000
- Estimated cost to the FDIC
- $18,260,699 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- DIF
- FDIC certificate
- 26619
All bank failures in 2010 · All bank failures in Massachusetts · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.