Data / Bank failures / 1993 / Old Stone SB
Old Stone SB, Providence, RI: failed January 29, 1993
Old Stone SB in Providence, Rhode Island, failed on January 29, 1993. Citizens SB of Providence, RI, took over its deposits. It held $1.85 billion in assets and $1.70 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $73.6 million (4% of its assets). By assets it was the 2nd largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- January 29, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens SB, Providence, RI
- Total assets
- $1,847,236,000
- Total deposits
- $1,704,347,000
- Estimated cost to the FDIC
- $73,560,110 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 29892
Other bank failures in Rhode Island, 1991 to 1995
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Eastland Bank | Woonsocket | December 11, 1992 | $85.4 million | $76.2 million | Fleet National Bank | |
| Eastland Savings Bank | Woonsocket | December 11, 1992 | $515.3 million | $499 million | $10.3 million | Fleet National Bank |
| Colonial FSB | Cranston | May 10, 1991 | $60.6 million | $62.3 million | $28.6 million |
All bank failures in 1993 · All bank failures in Rhode Island · 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.