Data / Bank failures / 1992 / Eastland Savings Bank
Eastland Savings Bank, Woonsocket, RI: failed December 11, 1992
Eastland Savings Bank in Woonsocket, Rhode Island, failed on December 11, 1992. Fleet National Bank of Providence, RI, took over its deposits. It held $515.3 million in assets and $499 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.3 million (2% of its assets). By assets it was the 32nd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- December 11, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Fleet National Bank, Providence, RI
- Total assets
- $515,301,000
- Total deposits
- $499,012,000
- Estimated cost to the FDIC
- $10,303,042 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 16977
Other bank failures in Rhode Island, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Old Stone SB | Providence | January 29, 1993 | $1.85 billion | $1.70 billion | $73.6 million | Citizens SB |
| Eastland Bank | Woonsocket | December 11, 1992 | $85.4 million | $76.2 million | Fleet National Bank | |
| Colonial FSB | Cranston | May 10, 1991 | $60.6 million | $62.3 million | $28.6 million |
Other failed banks Fleet National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Eastland Bank | Woonsocket | RI | December 11, 1992 | $85.4 million | $76.2 million | Fleet National Bank |
All bank failures in 1992 · All bank failures in Rhode Island · Every failed bank Fleet National Bank took over · 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.