Data / Bank failures / 1972 / Surety Bank and Trust Company
Surety Bank and Trust Company, Wakefield, MA: failed May 27, 1972
Surety Bank and Trust Company in Wakefield, Massachusetts, failed on May 27, 1972. It held $22.1 million in assets and $20.4 million in deposits at its last report. By assets it was the 2nd largest of 2 banks closed or assisted in 1972.
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The FDIC's record
- Closed
- May 27, 1972
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $22,054,000
- Total deposits
- $20,385,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 18365
Other bank failures in Massachusetts, 1970 to 1974
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Unity Bank & Trust Company (assistance) | Boston (roxbury) | July 27, 1971 | $9.3 million |
All bank failures in 1972 · 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.