Data / Bank failures / 1980 / Mohawk BK & TR Co.
Mohawk BK & TR Co., Greenfield, MA: failed February 16, 1980
Mohawk BK & TR Co. in Greenfield, Massachusetts, failed on February 16, 1980. Baybank 1ST Easthampton of Easthampton, MA, took over its deposits. It held $5.9 million in assets and $5.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $221,423 (3.7% of its assets). By assets it was the 20th largest of 22 banks closed or assisted in 1980.
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The FDIC's record
- Closed
- February 16, 1980
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Baybank 1ST Easthampton, Easthampton, MA
- Total assets
- $5,908,000
- Total deposits
- $5,375,000
- Estimated cost to the FDIC
- $221,423 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 21751
Other bank failures in Massachusetts, 1978 to 1982
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FS&LA (assistance) | Boston | October 12, 1982 | $236 million | $177.7 million | $3 million | Northeast Savings FA |
| Freedom FS&LA (assistance) | Worcester | October 12, 1982 | $790.7 million | $645 million | $9.8 million | Northeast Savings FA |
| Unity BK & TR Company | Boston | July 30, 1982 | $12.8 million | $11.5 million | $2.8 million | Boston Bank of Commerce |
All bank failures in 1980 · 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.